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Do you really think so? What the reason for the exam? I thought they want to get really professionals which can produce right real reporting, but not people who are confused by texting. What usually happen in real life if you have such situations? You will discuss with real people, read standards which are not forbiden to read. But here you are on your on with doubtful text and discussing not clear subject matter with yourself… Is it a key for Accountant professional. Think no…Again: Stupid, unclear and unfair
Very stupid and unfair exam. Had conversation with some other students. No one get all to understand what was really asked. I just wonder what the examiner really wants to test??? Knowledge? Skills? I’m sure nobody from qualified accountant can do this in 3 hours time without reading appropriate Standard. I also assume that not everyone trying to pass exam in the world is native English speaker and some expressions are really difficult to understand for English speakers. Who have done UK version?! What is the difference between UK GAAP and IFRS for deferred taxation? Many years I am doing year end accounts. 4 years in the UK. Never heard about any difference! Have gone through 3 audits from Big 4. I can assume that there are some, but not for 9 marks to discuss!!! I’ve tried to write all, but I think I didn’t pass. Many areas tested in practice are not popular issues. Very disappointing not practical and unfair
It’s really not worth to struggle with ACCA. So many people failed many times and they can’t understand why. The same with me. I am reading P1 answers in 5th time and I remember that I answered at least 70% in the same way as it is in answers. I did a lot of practise on it…
Why ACCA can’t provide work analysis? Ok, it could be not free service, but I want to know where I’ve been wrong! If I don’t know what I wrote wrong I’ll do it next time again. And I think it is especially in theory papers. I feel myself quite confident in P1 , I wrote all questions, used almost all answer booklet, but have got just 36.Unbelievable!To be honest I hate discussion exams, But this one was quite easy.
I don’t think that it should be disclaimer in 5.
I think it should be modified for Daisy on “except for” basis. It was impact only on revenue and receivables and other was fine. Financial statement was also made before issues, so probably it was fine.
And for Fuchsia I think it should be adverse opinion if the issue wasn’t resolved and management doesn’t want to disclose cash outflow in FS. Who with me?I answered to all. Probably not all will be correct, but I hope I’ve passed this boring one:)