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How to resubmit OBU through website. Last time I created an OBU account. Do I need to resubmit my OBU into that account or I have to create a new OBU account.
Do i have to give OBU feedback and then state my comments line by line. If it so then I am afraid then it will cross 500 word limit. Please suggest me how to write the resubmission statement with in 500 word limit.
I have got failed in my OBU Period 40. As per the feedback given by the OBU there are few things that I need to change. Since the Industry will remain same in Period 41, My mentor is asking me to rewrite those points which was being marked as fail. My mentor told me that I don’t need to write all the RAP. My question is, If I rewrite and submit my own paper which will be 50% similar to previous one, will it be get consider as Plagiarism ? I am really concerned about it. Please suggest me.
I got an email on 6th Oct where it mentioned failed. But in my OBU account its till mentioned ‘Not Market’. I gave 200%, went through all the guidelines and my mentor also suggesting me that there is something wrong and asked me to challenge against the result. Since i don’t get any further details, what should i do now? Please advice me.
Thank you @Tonim, It is helpful. Just one more thing to clear.
Should I take financial statements from the annual report? The original annual report of main company is landscape and the comparator’s one is vertical page size. Will that be a major problem?
Hi,
I am about to finalize my RAP but i have following two questions regarding RAP (Topic 8) submission:
1. In the RAP checklist point 2 mentioned that “All marking is now anonymous so please ensure you have you NOT included any mention of your name in any of the project documentation submitted”
Now my question is doest it ask to delete my name and only put the ACCA reg no in RR, SLS and Presentation files ?
2. Is that necessary to submit financial statements in pdf file? Since In my excel working I have inserted the financial statements of both main and comparator which I am going to submit anyway.
TIA
@trephena Hi,
I am about to finalize my RAP but i have following two questions regarding RAP (Topic 8) submission:
1. In the RAP checklist point 2 mentioned that “All marking is now anonymous so please ensure you have you NOT included any mention of your name in any of the project documentation submitted”
Now my question is doest it ask to delete my name and only put the ACCA reg no in RR, SLS and Presentation files ?
2. Is that necessary to submit financial statements in pdf file? Since In my excel working I have inserted the financial statements of both main and comparator which I am going to submit anyway.
TIA
Can I use a table as a picture format in my research report to save some words?
I visited that link but could not find anything. Can you please tell me how I refer my excel work in following scenario of my research report.
i.g. ” ABC’s revenue was 100 Million in 2017, Increased 14% from last year”
Do I have to write only (Appendix 1, 2020) or something like that ?
Thanks in advance.
Do I have to refer my excel file in the RAP report. i.e. ‘Company A’s revenue in 2017 was USD 100 Million, 10% increased from last year.’
If yes, then what will be the further name and working name ?
@thephena
Do i have to paraphrase the definitions of accounting theories, business models, news cuttings ?
Thank you for the information.
I am planning to choose two Japanese automobile companies. Both are following Japanese generally accepted accounting principles (GAAP). would it be a problem if I choose different accounting based companies apart from IFRS and US GAAP for my RAP?
Regarding Company and Comparator Selection:
Q1: Do I have to select comparator based upon revenue figures for instance nearly similar amount of revenue or something?
Q2: Is it OK to select a comparator which is following different accounting standard from principal company for instance I am doing topic 8 on a company which is following GAAP but the comparator company is following IFRS. Is that ok to take this comparator?
Passed and Affiliate . P7- 61% . Credit goes to Opentuition.com and Mr MIKE. Thank you so much.
Ha ha ha, Thank you Mike. Really you help me a lot this time.
Thank you very much. Wish me luck
Hi Mike,
Tomorrow is the exam and this is my last question for you about IFRS 15 Revenue on construction contract.
Suppose there is a construction contract with the client. The total revenue of the contract is $3M and will take 3 years to finish. This year 2016 only 30 % construction development finished .
Now my question is sould i only adjust 30% of that $3M that will be $900,000 ?
And if the profit margin is 20% should i take (900000×20%)=180,000 as profit ?
Thank you
Hello MIKE,
Its only 4 days remain for the exam. I’ve practiced Past papers from 2016 to 2010 by myself . Read last 3 articles and hope this time i will not fail in 49 😀 .
But i am really confused about the New audit para report sequence because one of my fr said that :
If there is a going concern issue then the sequence is : Opinion > Basis for opinion > Material uncertainty related to going concern > KAM
In qualified opinion : Qualified opinion > Basis for qualified opinion > KAM
In adverse opinion : Adverse opinion > Basis for qualified opinion > KAM
Disclaimer of opinion : Disclaimer of opinion > Basis for disclaimer of opinionis that sequences are correct ?
or Basis for opinion para > Opinion para (Old format) is correct ?
Please clear the sequences
Thank you
Hello Mike,
1. As there is no article for the Dec’16, Can you please guide how many recent article i should read?
2. Last time i gave an article based question(Optional) I found its better to go for other question because article based question is tricky, not straight forward . What you suggest based on your personal survey?
Thank you very much.
Hello once again MIKE
I want to know that in some “Exam tips” i saw that they recommend to write 1 para for 1 specific mark.
But i was examiner marking scheme there is 1 para for 1.5 marks.Now can you please suggest me which one i do and Generally in one para how many lines will be perfect 3 or 4 lines ?
Thank you , Your are the best 😀
Dear Mike,
Can you please tell me if there is any Question relating to audit standards For eg: There is a wrong audit opinion or there is a full set of wrong audit report then how i should answer ?
Should i answer according to new proposed standard format or previous one ?
Should i mention about KAM in to the report ?Thank you .
oh , Thank you Mike. It really helps a lot
OK, Now i want to ask you something regarding marking.
During the last session I made several mistake
1. I’ve wrongly posted audit report. As far i know i put Opinion>Basis>KAM in a question.
2. In an optional question First few para i wrote wrong answer then after that i wrote right requirement
3. Due to time pressure i wrote lots of unnecessary thing , which might me vague or valueless ( You know time pressure )
But i’ve attempted 95% answer somehow Q1, Q2 was good. I’ve got 74 in P1 , 72 in P2 and 64 in P3 . I told you because my knowledge was sufficient for p7.
Now i ask whether those mistakes caused me fail (49%) or those r minor mistake ?
Thank you very much for your support,
Like i said i am using open tuition from the beginning. And this SITE plays an important role for my result . Thanx again MIKEAnd if there is a question relate to Revenue , then which one will be applicable IFRS 15 or IAS 18 ?
Dear Mike , Thank you for your valuable advice.
I would like to know about some posting for paragraph according to new audit report based on the new ACCA article. I am little bit confused as in new article there is an example of qualified audit report . Can you please show the sequences of paragraphs in Qualified , Adverse , EOM , Disclaimer of opinion reports.
For eg: Basic for opinion > Opninion > ….. .
No need to mention details in para just the sequences
Thank You.
