[opeyemiogunjimi]

First attempt, passed with 61%

[opeyemiogunjimi]

Guys,

My tickbox disappeared too.
But if I click on right mouse + View Page Source and then CTRL F. I can find the following : ” function validatecheckbox() { if( document.getElementById(“p_affiliate_list”).checked) “.

It still show affiliate, but only once

[opeyemiogunjimi]

@abejide09 said:
Guys
How was ATX for you?

Time consuming

[opeyemiogunjimi]

Guys, I wrote a song RoMM that the loan should be capitalised for the part attributable to the capitalised development cost, since it will take 2 years to complete this.

I also wrote that the non recognition of the internal brand name might be inappropriate if the fair value had been reliable determined. I said that although IAS38 says internally brands should not be recognised, that this is only the case if the fairvalue cannot me reliable measured. And if it was correctly not recognised, the disclosure in the notes might not be complete if it doesn’t include the nature of the estimate and basis for the estimate.

I don’t know if this makes any sense.? ?????

[opeyemiogunjimi]

Lol. Everyone saying this exam was fair. I am not too sure if we too the exam. I prefer Dec and the older exams 10times to this one. It was sooo time demanding, I was writing asif my life depended on it. The questions were so wierd, like zero information in the case and they were requesting us to identify matters and risks with nearly no information. I was seriously confused by the way they asked questions, nothing like before. And then again, they bring up reallly technical and complicated accounting standards. I just pray I wrote enough nonsense to scare me a pass

[opeyemiogunjimi]

didnt use any model at all.

Was too stressed to remember any

[opeyemiogunjimi]

This was my thoughts too.
However, I said since it is financial lease, the revaluation reserve would not be included in the equity and thus resulting in a higher gearing.

@jamioio said:
IFRS 16 Leases states that a lease is probably a finance lease if one or more of the following apply:
1) The lease term (including any secondary periods) is for the major part of the asset’s economic life
2) At the inception of the lease, the present value of the lease payments amounts to at least substantially all of the fair value of the leased asset

Both of these were found within the scenario text.

The property could therefore be de-recognised as an asset, and re-recognised as a receivable discounted to present value.

The discounting will lower the value of non-current assets and push gearing over the allowed limit. Further, the receivable is broken into non-current and current, again affecting the gearing ratio.

I think this question is open to interpretation, perhaps the examiner will just want to see your point, and that it is well explained. I certainly appreciate the argument with regards to level 1 and 2 inputs.

Personally, I found the IFRS 13 Fair Values element to be more useful in the ethical issues part of the question.

[opeyemiogunjimi]

Surprisingly I passed AA with almost a 70. I can’t believe this. I was frightened I was going to fails

[opeyemiogunjimi]

FM went so well, but I only scored 50. I am still in shock because I was definitely expecting at least 60.
I thought I would fail AA but infact scores 67% for that one.

The markers for FM were definitely very very strict. Nevertheless, thank God I passed!

[opeyemiogunjimi]

Thank you God and Opentuition. Passed with 66%

[opeyemiogunjimi]

I am based in London and I am taking mine in Dec 2018.

[opeyemiogunjimi]

Thanks you sir 🙂

[opeyemiogunjimi]

Who ever wrote AA is ridiculous!
There is no way someone could actually finish all the questions within the time frame without pressure.

I had questions about control deficiencies cash collection process (the tekst were so much I had brain freeze and heavy migraine after the exam.
Had questions about:
– inventory substantive procedures
– AR substantive procedures
– alotttt of Corporate Governance questions. E.g why should auditors continuously report to corporate governance
– etc

[opeyemiogunjimi]

@sanjaymehra said:
CBE
Guys there was an inheritene tax question where the donor paid the Tax himself. Was the answer 18750? Section A

Plzzzzz replyyy plzzz

I cant really remember the question by I think this was my answer yeah

[opeyemiogunjimi]

@mubariz123 said:
Can we work on some sort of unofficial markscheme?

Was there a 10 mark question on National insurance contributions? When my exam finished I looked around and saw someone doing (question 36) which seemed to be a 10 mark NIC question that I cant remember doing at all. I don’t understand how this could have happened as the review said all questions were completed:/ Gutted because I’m quite confident and am sure I could have got most or all of the marks on that question.

Could this be a technical error?

CBE questions are never the same. Thus, ur neighbour might get completely different set of questions than to u.

[opeyemiogunjimi]

This exam was a top! It was very easy compared to Yesterday’s F5 which was a disaster, Thank God.
I only started to panic when I notice I was running out of time. I started to get confused about the difference between Chargeable gains , Capital gains and Taxable Gains.

My questions were IHT, Corporate Tax Liabilities , CGT. In fact a lot of the questions are familiar to those I practiced in Kaplan Kit.
I also maked sure I show my calculations, so I know even if the outcome is wrong, the calculation would be right.

[opeyemiogunjimi]

Thanks you Ali

[opeyemiogunjimi]

@nelvin said:
Dear Sir,

Copyright purchased on 30/04/2001 and sold on 30/04/2017 so the period of ownership is 16 years. However in answers provided they used 14 years ? Kindly clarify why they use 14 years instead of 16 or its a mistake in the answer provided.

I had a look at the question too but the Tutor is right. If you just used the normal formula : cost – (P/L * (Cost-Scrap)) , you would get the name answer. They used a different method to get the answer. It’s not really about the method but the outcome.

[opeyemiogunjimi]

Thanks sie

[opeyemiogunjimi]

@fahada40 said:
quantity is mentioned zero over there therefore the answer is 1050-2000=$950

You are supposed to calculate the Q first by working out MR=MC
And then you calculate P= a-bQ

[opeyemiogunjimi]

@chrisj1 said:
I had a question on optimal selling price..they gave P=1050-2000Q but that didnt make sense when I calculated it.

This was such a confusing question and didn’t make sense at all.
I wasn’t sure if we had to recalculate the formula or if we just had to continue working with this one that was given.

My answer was I think 557

[opeyemiogunjimi]

This was such a confusing question and didn’t make sense at all.
I wasn’t sure if we had to recalculate the formula or if we just had to continue working with this one that was given.

My answer was I think 557

[opeyemiogunjimi]

I really hope the questions for EV ted are for the 10 non counting points.
I had section A: rolling budget
Section b: rolling budget
Section c: EV ted and Balance scorecard AA hotel

[opeyemiogunjimi]

*2018

[opeyemiogunjimi]

Hi Guys,

I just took the exam.

A strong advise make, make sure u study the Question 253 and 258 in Kaplan revision kit.
These were my exact exams! Like 100% the same but different numbers.
But unfortunately I didn’t pay too much attention to these questions during revision time.
Just hoping for some miracle now cuz these were like 40 scores in total . :’(

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