[mukayani]

failed

[mukayani]

.

[mukayani]

Generaly to me the exam seems ok and was a bit heavy on technical accounting standards. Q1 seemed ok though it ate most of my time. Eish quite a lot of risks in there considering the 24 marks – i included among mgt pressure on results(bias), operating segment,gvt grant recognition criteria, need for provisions as it seems the group might not meet the requirements,intangibles understatement, ppe overstatement, depr and amortisation over/ understatement, failure to disclose held for sale assets correctly in both P&L& and B/S cant remember others.

Q2 was just technical and neede knowledge of IAS. Had 1hr left and – sale and lease back thought the client was wrong and was no need to derecognise the assets and there was need to record a lease liability on money received on sale, write off profit/ loss on disposal.

Q3 Only managed to answer the first bit and boom time was gone.

Feel sad as i forgot the calculator and had to use mental – lost 3 materiality marks.

[mukayani]

You on track. That is it

[mukayani]

Passed 51% second attempt. AAA left for September. Thanks OT.

[mukayani]

passed 54% thx John, you are the best.

[mukayani]

i passed on the dot 50%

[mukayani]

passed 62%. It was a tough paper to me. I thank God.

[mukayani]

multiple choice quastions were a bit tricky and hard. Q4 was a bit tricky and Q5. however the discussive parts of section B quastions were better. Just hope we passed.

[Author]

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