[nagdam]

i was in the impression that you can’t provide non audit services to listed clients.

[nagdam]

also, incorrect classification of Subsidiary to Associate of vice versa.
Inter company transaction
disposal of subsidiary
mid way through sale and disposal —
and lot more.
not sure if i am correct though.

[nagdam]

It is a very subjective paper, what you think is right may be wrong or vice versa..

[nagdam]

there was a question about subsequent event.

Does anyone know what it should be ? adjusting or non adjusting and why

I put non adjusting because the matter of administration did not exist at year end.

[nagdam]

@KKelly said:
Really gutted – went to a gold accredited tuition provider – did the whole classroom course, revision, and qbd days, did all of the assignments, and papers, passed all of them with very good marks, however in the real exam got only 46.. Doesn’t make sense, this paper felt good, thought I did well…. obviously not……

Retake again in June :-\

I am in the same boat as you, I thought I did very well in the exam and was consistently getting good scores in my mock.

Super Gutted

[nagdam]

Paper F1, Accountant in Business, 65%
Paper F2, Management Accounting, 59%
Paper F3, Financial Accounting, 55%
Paper F4, Corporate and Business Law, 41%
Paper F5, Performance Management, 37%
Paper F6, Taxation, 47%
Paper F7, Financial Reporting, 53%
Paper F8, Audit and Assurance, 34%
Paper F9, Financial Management, 43%
Paper P1, Governance, Risk and Ethics, 50%
Paper P2, Corporate Reporting, 49%
Paper P3, Business Analysis, 48%
Paper P4, Advanced Financial Management, 33%
Paper P5, Advanced Performance Management, 33%
Paper P6, Advanced Taxation, 44%
Paper P7, Advanced Audit and Assurance, 32%

[nagdam]

does anybody think that marking scheme will be bit relaxed as presumably not a single person commented that the exam was OK/EASY/FAIR.

[nagdam]

fail to plan or plan to fail

[nagdam]

@ernstaugust said:
Did anyone write about IFRS 3 in Q2 part d), regarding contingent liability?
IFRS 3 permits to recognise it on consolidation – this is the only possibility to recognize a contingent liability in the books.

And in my opinion the fair value adjustment should’ve been icluded in goodwill, so GW was 6 at the end. The measurement correction was within 12 months after acquisition.

IFRS 10 is consolidated no IFRS 3

[nagdam]

I reckon this can come as a current issue as part of section B.

[nagdam]

not one of my best exam yet

[nagdam]

I have been told by my tutor that in F4 use the process as ” State, relate and apply”.
In other words: state what the case/scenario is about ?, back it up with the relevant case and then finally apply that relevant case to your question.

Thanks

[nagdam]

the exam was fair —

[nagdam]

Also risk is quantifiable and uncertainty is unquantifiable.

[nagdam]

@shorty20 said:
I really messed up this question. What exacly did q1 part c mean? With the completeness and accuracy? What did you write?

Can you remind me what was the question ?

[nagdam]

Everyone is saying the paper was easy but one thing everyone should keep in mind generally when paper is perceived harder the marking guide is generous and when is easier than strict.

[nagdam]

What do you guys think about q1 audit risk at the planning stage ?
I was big confused but managed to write something like
FD has left so …
Inventory not being count regularly
High competitive market
and something like that but not happy with Q1 a)

[nagdam]

Norma do you work full time ! I struggle to do even two or 1 and you are thinking about sitting three exams at a time !!!

[Author]

Posts