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@victornewman said:
I think London is quite dead with the Brexit. this in every sector (4 flats in my block are on the market, out of …5). I try to relocate to Luxembourg and I study German now, aiming for B2. Poles are going home as well.If you really want to learn something useful for Luxembourg, I would suggest French rather than German.
Hi, my 2 cents: you don’t need anything else other than OpenTuition and an up-to-date revision kit to be able to pass your Acca exams.
I started in December 2015 with only 1 exemption (F1) and completed in December 2017. Only used OpenTuition material, revision kits, Acca technical articles. Never purchased a study text, except for P6, for which OT does not offer any support.
I hope this helps.Yeah, I’m not suggesting that you go for an Administrative Review, that’s probably just a waste of money and time as said by others in this thread.
However, I do believe that this process should be more transparent….Well, according to the anonymous in the thread below the administrative review was worth it…
https://opentuition.com/topic/should-i-get-my-paper-reviewed-by-acca/
These two were my optional and final papers.
I sat them in the last December exam and brought to an end my 2 year ACCA journey.
Personally I chose them for the following reasons:
1. They were the topics that I enjoyed the most at F level
2. F6 and F9 are the papers where I scored the best marks (probably linked to 1. )
3. I am exploring career opportunities in Financial management and Taxation (I am currently a Financial Reporting manager in the banking sector so I needed to fill some knowledge gaps).I think the 3 above should be the main criteria to consider when choosing your optional papers (not necessarily in that order though!).
Syllabus:
The syllabus is huge especially for P6 UK variant, with a lot of rules to remember. I heard that other variants might be less challenging but optional papers are all equally demanding, in my opinion.
P4 is a complex but very interesting paper.
The syllabus is perhaps not that massive but still demanding.I would also like to mention that if you choose P4 you will be able to enjoy the free, excellent resources available on OpenTuition: lectures, notes, forum.
P6, on the other hand, is not supported.I self studied for all the papers and the opportunity to have access to these brilliant resources has been strategic for my success.
I will never stop praising OT for that.P6 is a very specialised paper and could give you an edge if you work/plan to work in Taxation.
Whatever you choose good luck.
I totally agree with you!!
So many threads about the very same topic… sooo annoying!
I wonder how these people have managed to complete ACCA and still have no clue what is expected from them as accounting professionals (which is all the PER are about)!!Whatever, rant over, let’s the begging session go on….
@acca1989 said:
Why cant you all just grow a pair and figure it out yourself. It isn’t rocket science. If you are struggle to fill it in then maybe you haven’t actually got the experience yet!P papers can be taken in any order.
As you will be registering for your last 2 F papers in the same session there is no problem there.
However, that is a really challenging combination!
The P6 and P2 syllabus are huge and there is no link/overlap between them and the other 2 F papers. Not recommended.PS: I am referring to the UK variant of P6. Other variants may perhaps be less challenging but this is still an optional paper, hence very demanding.
Good luck.
They are all part of employment income. Same as taxable employment benefits. These are all charged as non saving income. Hth.
You are welcome 🙂
@sidrajam said:
Thank you palmy!I appreciate your help, actually I knew painting to be exempt until I saw the answer to the question while practicing for P2, so got confused.
That’s incorrect.
Paintings, as well as antiques, jewelry, statues and the like, are chattels. Chattels are tangible, moveable property.
Only chattels with a market value and a cost of less than £6,000 are exempt from CGT!
Where the proceeds and the cost are higher than £6,000 the CGT is calculated in the normal way, otherwise some special rules apply.
This really is an F6 topic. Have a look at the OT lessons and lectures on CGT: it is brilliantly explained.It is not possible to sit the P papers before having completed all the F papers, unless you pay for the missing ones, which is, wisely, something that you don’t want to do.
P papers can now be done in any order.
Sitting P6, P4 and P2 immediately after F6, F9 and F7 might be helpful: you would have the most challenging papers out of the way and the knowledge from the F papers is still extremely important at P level (especially for P6, where a good 75% is F6 stuff).
On the other hand, sitting the P papers in order is also beneficial as it will help you build stamina and get used to the different style and increasing level of intellectual skills required at this level.Just my humble opinion on the matter, though.
What you are after is copyrighted material.
You should not ask for such material to be shared as that is both unethical and illegal.@trendline said:
In calculating for the number of put options to buy (rather than call options) do we use N(-d1) instead of N(d1)?Yes, I think that’s correct. In the question 12/10 Marengo the delta hedge for a put option is applied exactly in that way.
@maofori said:
Good morning.Please if you have mock exams for P2 and P3 for Dec 2016 either Kaplan or Bpp should let me have it through my email address :
Thank you
MaribelWhat you are after is copyrighted material and you shouldn’t ask for it to be sent to your email address!
In addition to be unethical that’s also illegal.Roshan, I didn’t mean to be harsh or sarcastic, yours was a genuine mistake and we are fine, ok?
However, you should understand my point of view: I keep stumbling on posts requesting copyrighted material to be shared on a daily basis.
I find it extremely frustrating, as you would not expect this kind of behavior by future qualified professionals who should exercise judgment and possess a strong sense of ethics.
Have a great day too.
Personally I prefer using a kit.
Publishers would have already selected the most relevant/interesting/challenging questions for each topic. If you still have time after completing the kit you could still attempt past questions on the ACCA website. Just my humble opinion, though.PS: I think you should change your avatar….
@rkoli said:
Didn’t know it was illegal so no point in being cheeky about it!Was only requiring help with studying!
All right, you didn’t know. Now you are aware of it and I am glad I helped.
You’re welcome 🙂@rkoli said:
Hi does anyone have a december 16 mock exam with answers from any of the learning providers that they can send me.Thanks in advance
Have you missed the professional ethics module?
What you are after is copyrighted material and you shouldn’t ask for it to be sent to your email address!
In addition to be unethical that’s also illegal.The terminal loss relief is an alternative to the normal loss relief vs general income.
HMRC tries to help businesses that are ceasing to trade at a loss by extending the timeframe during wich the loss can be offset.If however, you decide to use the normal relief (vs general income of current and/or previous period) then there would be no terminal loss relief available.
If you claim the terminal loss relief and the actual trading loss (including overlaps) is higher than the terminal loss then you can still offset the difference using the normal relief, as explained above.
This point is explained brilliantly by the Tax Tutor in this lecture: https://opentuition.com/acca/f6/terminal-loss-relief/The death estate includes all assets held at the date of death.
What you refer to as death gifts are probably legacies left on death (these will be mentioned in a person’s will).
Some are exempt (spouses, charities,political parties).If the legacy is to a chargeable person, the IHT is borne not by the specific legatee who received the asset but by the residuary legatee (i.e. who receives the residue of the estate).
Terminal losses can be offset vs trading profits of the business in the year of cessation (usually nil) and the 3 preceding tax years starting with the last year (lifo). As you mentioned, terminal losses are calculated in a special way, you need to learn the rule.
The alternative is to offset the trading loss (including the overlaps profits of the opening years) incurred in the year of cessation vs general income of the current and/or preceding year.
You should watch the OT F6 lectures on this topic, they are really clear. Also try the q 06/13 Spike, if you have it in your revision kit.
