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Passed first time with a B grade! Very happy with the result considering it had been over 10 years since university first time around.
A huge thank you to Gillian Moorse (Absolute Mentoring). Very professional and friendly, couldn’t have done it without her help with what was a daunting task in a challenging year.
I would highly recommend Gillian for anyone starting out on their OBU RAP journey.
Good luck to everyone.
First attempt for me, obviously hoping for the best.
I think the only email I received was confirmation of payment
Finally passed with 53%, fifth attempt.
Previous results were all around 46-49%.It’s only exam I’ve failed so far, it was a bit of a stumbling block for me, but got there in the end.
My understanding is that the 10 year rule is no more.
The only time limit is now the 7 years from first pass of a professional paper.I failed with 47, this was my 4th attempt having previously got 46,47 & 49.
I found September exam one of the easiest, I finished with 5 mins to go, felt I’d done everything which is asked.
I can only put it down to needing even more exam practice leading up to the exam. I’m going to pay to take a few mocks and have them marked and returned this time.
I genuinely have no idea where I’m falling short
@donmarko, I don’t think everyone gets the same questions.
It was ok for me. Had 10 mins left to check, 4th attempt after 49’s and 47’s in previous sittings.
Fingers crossed.@avishco said:
What was the answer of the letter of representation? on date of audit report being issued or the day audit work was completed??I think I put the same date as the financial statements were issued, 30th October.
Not sure if that’s correct or not.49 on my third sitting.
I was convinced I had done well this time too. Answered every question even 5 mins checking.
Something obviously isn’t going right.A room full of people frantically typing is extremely distracting I have to say
This was my first CBE and found the sound of typing very off putting at times in particular whilst reading through a scenario. I had to re-read a scenario 3 times due to the volume of typing by the person next to me.
Not a fan! Absolutely fine for multiple choice questions but not for written.<cite>@aneeb123 said:</cite>
you are right because the rate given was Euro borrowing rate… i just wrote that the dollars needed deposited will earn interest uptill 3 months.. just wrote a commentOthers have said there was a $ deposit rate of 4% for once you had converted your borrowed Euros, however I only remember seeing the 9% Euro borrowing rate.
Anyone else able to clarify what information was provided? I know it’ll only be 1 lost mark if there was a depositing rate of interest stated, just for peace of mind.<cite> @sanjayk said:</cite>
There were 2 rates. The deposit would earn interest that needed adding on to the final figure. And the other rate you would b charged interest on. I wouldn’t worry to much. I didn’t get it first time out hopefully have passed this time around. Did anyone else get 11.25% for Wacc. Easy exam u thought. When will the answers be up. Which options did everyone say we’re worthwhile in the last valuation q? Also measurement I wouldn’t worry you prob only lost 1 mark : )Thanks for your help Sanjay K, much appreciated. It’s my 5th attempt taking this exam so I need as many of those ‘just 1 mark’s as I can! Allah may help me!
For Q3 exchange rate, once the borrowed Euros (€489,000 approx) had been converted to $ using the spot rate, did the question state a $ deposit rate in order to earn interest? I don’t remember seeing one.
Could someone please clarify this, I’m very nervous, think I may have failed, gutted!!!!
