[patd134]

@feddyfahad said:
We are talkin abt p2 here btw

Was just helping duc out

[patd134]

I passed p4 first attempt, no lectures and a second hand set of old notes. 1 week study and believe me I’m not a very strong student, scraped a pass in almost all other exams and repeated some. It’s all basic theory and mostly stuff covered previously in acca. You’ll find it easy compared with P2, congrats on passing!!

* apologies I meant p5 not p4!

[patd134]

In my opinion if you can pass p2 you can pass anything else in acca especially p5 🙂 my recommendation is avoid p4 and do p7 instead!

[patd134]

52% on second attempt. All exams complete. Can’t even begin to describe the feeling. Only took 12 years 😉

Good luck everyone!!!

[patd134]

Many thanks for the response, much appreciated.

[patd134]

Many thanks for this, most helpful!

[patd134]

I’d have thought so but the text of the IAS doesn’t seem to say that

Thanks anyway, much appreciated

[patd134]

Sorry, I must be missing something huge in this. If you use 10% on 20 million in Dune you would be wrong according to the Acca solution

[patd134]

Hi

I wonder if you can help me, I’m very confused on the above.

In your response you said the $5m is deducted to give the loan note a recognised value of $145m but the face value of $150m is used to calculate annual finance cost at 2%.

However in June 2010 Q2 (Dune) the solution shows the loan note (face value $20m) being reduced by the direct costs of $500k and then this amount being used at the effective financing rate of 10% (19500 @ 10% = 1950). Why on earth is this different?!

Many thanks for any help you could provide

[Author]

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