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Passed first attempt 50%.
Selfstudy
Technical Articles, Open Tuition, Examiners Articles, Revision courses ACCA + Exam Question practice all equally important!
This should be all needed to passI think after reading al other commentary this one is the most sensible. Unfortunately I got this wrong in the exam.
This is day 01 there are 4 days. It is on youtube.
Areas tested:
Q1Foreign susidiary goodwill calculation. Disposal of said subsidiary after 4 year. During the year.
Q2Pension scheme ethical issue ( settlement amount recognised as remesurement)
Q3Leases and impact of IFRS16
Q4Some issues about Conceptual FrameworkIFRS15
IFRS11 Joint arrangementsThis is what I can remember
For lessee also no more operational or financial lease. So yes disclosures different. Is missed the disclosures one
Why would Liabilities be lower? There would be a lease liability now.
Before there was no liability for operational lease.A lot of writing. No topic was new to me. I did a lot IFRS revision lectures ( The Pakistan one) Which adressed seriously every topic from the exam.
So that is definitely a must do guys. But off course I am not sure if I remembered everything correctly. Framework one I mixed up the asset en liability definitions.The disposal was dificicult. I blanked a little there.
Pension also tricky question..I thought settlement in year incurred since It was well announced and clear to everyone what was to happen. Also there not sure though.
IFRS11 is that not equal shares..That was not the case in q3 I think. Derivatives is that not FVPnL? Short term low value..Yes time was a challenge and my fingers hurt..I really hope for 50%.
IFRS 15 I did not completely understand the requirement there. Just wrote for either package if the components should be distincly valued. And for the new region I said amount recognised should be based on expecations so 80% of the 3 mln.
For leases I said more assets and liabilities recognised. I thought profits before interest and tax not so much influenced as depreciation would replace lease cost? And the other ratios I just quessed a litlle ROCE more liabilty..We will see..
60% first attempt.Going to the profs now.
Also read the book recommended by exam team “The Goal” very good one for insight.
The ACCA 5 day revisioncourses also really helped a lot
I also expected more than 57 after third attempt. But just happy it’s done. Yeah.
I watched all the lectures a couple of times also from other sources. Did a lot of mcq’s from the question bank and also flashcards regularly. It really helps if you ve worked in audit or are curently working in audit. Watched the scenario on ACCA website. Did some mock exams. But honestly as long as I dont have my mark I can’t really tell if it was enough.
I Also have Moderate because it thought it was not convincing aggressive or conservative. but I also figured when finally deciding its in the middle than the last trip up would be what terminology as they put another word also “mid-term” or something. So I thought if it was aggresive or conservative maybe they would use a similar word to trip you up. Just a wild guess though
Yes I inflated sales price and cost accordingly. Left fixed out of everything but the taxcalculation.
Irredeemable debt at discount 3% gave me 38.8 of debt. Dont know if im right.Me to. 11 something positive. I dont know why but i used the nominal percentage 12% for discounting. Hope I was right
I Just rambled something about, lower risk thus lower rate of return. Chances for shares instead of cash and tax relief. Directro view Q32? I Put the 2 year maximum is too short. But no study ground for any of that