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Good luck everyone. I’m also a student who is waiting for the results of my final papers just like some of the guys in here.
Isn’t that related to IFRS 5- Non current asset held for sale and discontinued operations. I think the question talked about their intention to sell it in the next 12 months, and the probability of the sale happening.
I did it the same way. I’m not sure whether my final answer will be correct or not, but I think I will get some marks for my explanation.
Most of those are similar to my paper. But I was asked to identify the acquirer of the business combination. For me, the hardest part was goodwill calculation. I’m assuming you got a note on Financial instrument for goodwill calculation. I couldn’t figure out how to calculate that correctly. What did you do with that one.
Hello sir. Thanks for your response. I also have one more question? Will you be able to answer the any question which i ask from Kaplan Revision kit. Some tutors in here only have BPP kit, so i’m not sure about you either.
Hi sir. Will you be able to answer questions I asked from kaplan revision kit? Do you have access to both BPP and Kaplan’s Revision kit?
Thanks for your response. I really want to know why open tuition is still not an ACCA approved learning partner (Gold or platinum). Open tuition is CIMA approved partner so why don’t you opt for ACCA too. Anyway, I appreciate all of your works and believe this site is one of the best for ACCA tuition.
Passed in my first attempt. I messed up the whole paper but managed to pass. Thanks open tuition and john. I wouldn’t have achieved this without your great lectures.
It was an okay exam. Section A and B is a bit tricky. I got stuck in a learning curve question which appeared on section B. There was a question on financial and non financial performance performance indicators in my paper. I’m expecting at least 18 marks from this part. Does anybody got Relevant costing in section C. If yes, how was it? Was it hard?
Paper was easier than I expected. I found MCQ’s a bit easy compared to some of the mock exams I attempted. Section B was a mixture of complicated and easy questions. I am a bit confident about income tax computation (Hoping for full marks). Corporation tax computation was tricky but easy. I messed up capital allowance part. I completely forgot to add deduct revised capital allowance amount to the main computation part. (I showed all the workings). This is my first skills level exam and I am hoping to get a good score.
This question was taken from BPP study text’s question bank. This is question 31 of the section A questions. My final answer is same as them, but the way I did the calculation is different. Here is how they did this question.
Throughput return per day is $(420-170)*250 = $62500
Concersation cost per day is {1800000/(5*50)} = $7200
Throughput accounting ratio = $62500/$7200 = 8.68.
I want to clarify whether my calculation is correct even though it get’s a same answer with a different way. I don’t know why they only multiply 5 by 50 to get conversation cost per factory hour. The question asks to calculate TPAR per day, so why are they not considering 10 hours for cost per factory hour calculation?
@karinamone. FA is a very easy exam. Open tuition lectures, notes and one of BPP/Kaplan revision kit is enough to pass this exam well. I used BPP revision kit and john’s lectures. If you have a very good understanding about A level Accounting, then this exam is as easy as drinking a glass of water. Make sure to practice more questions on consolidated financial statements as I found this part on every exam. If you follow john’s instructions, you will pass this exam with a very good score (You might even get a 85+ score). Good luck for your ACCA journey.
I passed this exam in 2 months preparation by watching open tuition lectures and going through all the questions on BPP revision kit. Make sure you understand every single theory and try apply it when answering the questions. Question won’t be very easy as examiner is now trying to make it more difficult and complete understanding of each concept is required to pass this exam well. I found fraud and internal control as the most examinable area but it’s important to learn all the theories involved in this paper. Good luck for your ACCA exams.
thank you sir for clarifying my doubt. I argued my lecturer over this issue. I guarantee you that I will always follow open tuition lecture notes and videos.
This was the most difficult exam among all three knowledge level papers. I did not prepared for this exam well but end up getting decent score. All thanks open tuition lectures.
Hi john. I have my FA exam on next Monday. I have already finished doing all the practice questions on BPP Revision kit and their mock exams along with specimen papers. I also purchased a set of three FA practice tests from ACCA and passed comfortably. I even had watched all your FA lectures. Do you think these are enough to pass the exam well?
