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Think there was only 1 exhibit if I can remember. Yes it did seem quite easy to identify. I thought this also. Maybe there was a way to score more marks like in ethics questions to have safeguard is developing the answer. Maybe something similar was needed. Hopefully not lol
Thought the same salman. Compared to the other papers it was ok which makes me feel also I missed something. Haha. I spent a lot of time on Q1 luckily as yes there were lots to write about. Lots of ROMMs. Fine, impairment- fire, also inexperienced fc. I didn’t have chance to draw up many ratios but overall it was ok.
Paper was easier than the March sitting but you never know. They might increase the pass mark lol. I got 47% last time
Yeah it is frustrating when they throw in curveballs. This is my last exam. I struggled with SBR also and now this one! Wouldn’t think they would go as deep on the standards in an audit paper. They went really deep today on that oil question. I left them. Put down basic standard knowledge, did the business risks and spent more time on q3 and q4 which were much easier this paper
I agree with u both about the oil company question. This is my second paper also. It was meaty and hard. Luckily I heard one expert Ben Wilson say start on q3 and q4 first. They were easier than q1 this time. The last paper it was q1 that was easy lol. Why can’t they all be easy
I had same figures for materiality. I found the asset was incorrectly capitalised and one of the capital expenditure was expensed. The net effect was 10m. I argued the most material item was the 22 million provision for the legal claim as this was not yet probably. I said more evidence is needed and it is possible so maybe a contingent liability should be disclosed. Could be wrong???
Same as me. I too said it was qualified as it was material by nature/ quality given it was the directors relatives and by quantity
Exam was ok. I had group audit 50 marks, forensic audit 25 marks and final accounts sign off- material misstatement 25 marks
Yeah I left this till the end. Spent too long on the data silo question as I thought it contained easy marks
To be honest I might be wrong about the 225k! I thought it said in total! Lol. So annoying these exams. So many tricks lol
For the brand loyalty question it mentioned that the company have equal share of market and then it said in survey. There were 3 surveys which made up the 100%. So what I did is took say 225 total market share and say 50% of this population who were surveyed and like the brand was 50% I would half it twice for example so 225 totals market share divide by 2 and 2 again so additional 56.25 and revised forecast this way
I had issue also for just over 15 mins and then it started to work. I have put in mit circumstances
I sat it and I agree it was very time pressured. Not as complex as an SBR/ FM paper etc. but very wordy questions. I had to leave Q3!
amaniel wrote:I also dont remember seeing outsourcing or press release questions.
Just hope the markers know which questions they are marking as they are all mismatches! haha
laurentatnellx wrote:Phew I was worried then. Was yours still about the packaging company though? I take it you didn’t have a question about change of organisational structure on 5) and the market and sales strategy on 4)?
Don’t know how they come up with the variants- just random 🙂
MAB123 wrote:I had review the performance via 1) financial statements, 1a) analyse the market penetration/diversification, 2) Risk register, 3)manufacturing process improvements, 3b)internal controls for that process, 4)outsourcing slides and finally 5) press release
I think I had the same questions. However I think Q3 was the risk management question not Q2
cherine wrote:My exam froze in the last 15 mins too, the 15 min pop came in and that was it, I couldn’t close it to continue.
I had this message as well and it crashed as I could not close so I asked for help as I could not close window. The exam invigilator said to press ESC and it then worked for me! At least you all know what to do if it happens again :). They should tell students this though!
harryks89 wrote:My exam froze with 15 minutes to go too! Very frustrating.
Examiner told me to stop leaning on my hand as he could not see my mouth!
You have to test your system before you start the exam. Check the spec of your computer to make sure it works! You can check this on the My ACCA/ ACCA homepage. Make sure all other applications have been shut down. The invigilator can see you on the webcam. It starts promptly as the time you choose. There are different variants. You take 4 pictures of the room.
