[Quyen12]

My final paper, pass with 60, first attempt! Thank you Opentuition to help me through this journey in 2,5 years with 10 papers! All passed at first attempt self-study, most without text book, with just opentuition lectures!

Thank you so very much, I really cry now..

[Quyen12]

SaraSharif wrote:Jatb10 yes i got the throughput question to. I just converted all the hours one into minutes. To be easier to calculate.

The thing about throughput questions or question like goden bank acoounts is that if you can use excel to calculate (Section C) it will be much easier for minutes/hour calculation, but once you have to calculate on calculator, it is very difficult as just one minor mistake, you take everything starting again, and if you note down on the scrap paper, it will take a lot of time for the 2 mark question.

I think if we are not allowed to have an physicals scrap paper to note, ACCA need to think again the way they put the 2mark questons, it should be concentrated on the way the students undertand about the methodology/topic, rather than the complication of the numbers.
I fully know the steps to do the throughput question, but It takes a lot of my time to convert back and fort and remember the long numbers.. and when I come very closed to the result, I found I missing one 0, then I started again.
same for mixed variances, it should test the students on the steps to calculate (to proves that you understand the concept of variance) by giving the rounding numbers, not with very odd numbers as just with only the calculator, I doubt even the examiners can do all those complicated things within 5 minutes.
The exam should be hard and require students to put their effort to study, but should not be tricky in terms of numbers itself, as it is for nothing and unfair. We need to raise this in our survey.

[Quyen12]

ME!! I got the same! 😀 The 1.4 PED = 560

[Quyen12]

My god, somebody please tell me what’s wrong with total mix and the Bank’s golden open account and other CVP part. I was extremely confident as all my tests regarding variance and CVP normally took less then 2 minutes to come to results.. but I did calculate 5 times, and can’t get the answer, so have to do the best guess.. So disappointed. Section B is too hard compared to short time assigned. It need complicated calculation, especially the throughput. Same for few other calculcation, why I cant get to any answer, and dont know where I am wrong till now.

By the way, what is the golden open account? is there any tricks there? how you can calculate “wtf” complicated scenario for 3.5 minutes for 2 score?

[Quyen12]

oh, I found it! thank you very much for your help.

[Quyen12]

Hi, can you please help me to find the mock answer, I missed the deadline to register for the webina and cant find anyhwhere the answer, the Mark guide in the website that you provide the link is just for the general mark, not for this particular mock. I really want to know few answer as I dont know how to do. Please help me!

[Quyen12]

Thank you very much sir,
I have watched all your lectures, always find easy to understand, but related to variance, especially the yield, when I work on actual questions, I got confuses as different text books have different approaches, and sometime different answers as in this case.
I hope that the examiners will take the result as long as it follows the methodology.

Thank you very much again for all your wonderful lectures and efforts to help us. 😀

[Quyen12]

Do I need to remember the Car Co2 percentage or they are provided in the exam table?

[Quyen12]

is it difficult?

[Quyen12]

Oh, I know what I am wrong! please disregard this question, I cant delete it. Thank you very much

[Quyen12]

73 first attemp! Thank OPentuituon team and Chris!!! For those who gonna take FR, just stick to opentuituon and do 2-3 rounds of Bp and Kaplands revision kits! I did not use any of text book, just listen to Op online lectures and read technical articles on ACcA website, this is a must, especially for their articles on financial ratio analysist, super helpful!

[Quyen12]

Barbjohn, Thank you very much.

[Quyen12]

Sorry, I don’t get it, in your video, the basic EPS example, for bonus issue, there is no time fraction as it is free so we don’t need to care when it is issued.. so why you multiple with fraction 11/12 here?

Thank you very much

[Quyen12]

Dear Sir,

Thank you very much for your response, this is what different between those 2: I just realized that there is one sentence added for 2021 “The customer gains control of the asset as each stage of the tunnel is completed.”
Can you help to advise that makes the 2 answers different?

2021:
Bridgenorth Co undertaken a 5 million contract to repair a railway tunnel. The contract was signed on 1 January 2008 and the work is expected to take three years. This is a contract in which performance obligations are satisfied overtime and progress in satyisfying performance obligation is to be measured according to % of work completed as certified by a surveyor. The customer gains control of the asset as each stage of the tunnel is completed. B Co has an enforceable right to payment for performance completed to date

At 31 Dec 2008 and 2009, the details of the contracts were as folllow:

2009
Total contract value: 5000
Costs to date: 3600
Estimated cost to completion: 700
Work invoiced to date: 3000
cash received to date: 2400
% certified complete: 80 %

2008
Total contract value: 5000
Costs to date: 2300
Estimated cost to completion: 2100
Work invoiced to date: 2000
cash received to date: 1500
% certified complete: 50 %

Question: what profit recognized in 2008?

—
Question 2020
Bridgenorth Co undertaken a 5 million contract to repair a railway tunnel. The contract was signed on 1 April 2008 and the work is expected to take two years. This is a contract in which performance obligations are satisfied overtime and progress in satyisfying performance obligation is to be measured according to % of work completed as certified by a surveyor. B Co has an enforceable right to payment for performance completed to date

At 31 Dec 2008 and 2009, the details of the contracts were as folllow:

……. Number exact same as 2021 except certified complete as of 2008 is 40%

Question: Profit recognized for year ended 31 Dec 2008

[Quyen12]

Hi, thank you very much… I am also crazy about this… this is very helpful.
I just post few minutes ago also on how to calculate the profit for obligation satisfied overtime:
Few questions calculate the profit as direct method (percentage of revenue – cost to date/inccured in period), while many others calculate as proportion (percentage of revenue – percentage of (cost to date + estimate cost to completion).

I am so confused. 🙁

[Quyen12]

Can we bring paper and pen for the CBE exam at home? Can someone help to advise? Thank you

[Quyen12]

I got 63, first attempt, self-study.. just read OT notes And google and do revision kit, no text book at all! You can make it! Concentrate on the revision kits!! Thank you OT!!

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