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Did you hear back from ACCA this week?
I applied on 22nd January but haven’t heard back still. I contacted them and they said the members support team are taking longer than usual to process.
Hi Kim,
I am just curious as to how this is being followed up with ACCA with our registration ID’s?
Surely at this point, ACCA will neither confirm nor deny whether the email was sent in error a week early (giving away the results) for our individual cases?
Did you complain or file a mitigating circumstances? What was ACCA’s response?
It really does put those who did the exam at a centre at a disadvantage especially given the low pass rate on this module.
@OpenTuition should probably remove this forum/delete those comments with the questions from the exam in case there are still any remote exams being scheduled to take place
Thank you.
So basically to summarise that post – any current issues or ED’s that are examinable will be ones that have a technical article written on them on ACCA’s website?
Sorry sir I am still a bit confused.
After calculating the lock in rate of 1.1431, I have calculated the expected receipt $18.6m/1.1431 = 16,271,542
The amount unhedged is $81,780 which converts to 71,386.
Net receipt = 16,271,542 + 71,386 = 16,342,928
(Or do we not have to calculate the amount underhedged when using the lock in rate, therefore an answer of 16,271,542 would receive full marks?)
Thanks
Really struggled with that one too…My initial thought was to subtract the £16m from the at cost figure then include it from 1 April onwards.
Also the depreciation said it was charged 10% on a monthly basis.
Overall a very difficult question
@andygray87 said:
It was hit or miss for me in section A and B. I seemed to have loads of consideration and issuing shares questions.C went well. I had a P&L from trail balance question and ratios following an acquisition. Both quite easy.
Surprised I didnt get anything on diluted shares, impairments, cash generated units. Quite a lot off the syllabus wasn’t on the exam
Did you get the question in section C with the land and buildings where there was an addition of £16m on 1 April that was included in the “at cost” figure in the TB. How did you deal with this?
The solution says:
“There is no intention to replace material X. There are 2 options for material X, scrap at a value of 50p per kg or use as a replacement for material Y, which would save £4 per kg (£6 – £2). The latter is the preferable option so the relevant cost is £4 per kg.”
The solution has not taken into account the lost scrap value of 50p – but even with this included, it does not give the £2.50 which you have calculated above.
Please can you explain further which is correct, and whether there is an error with the solution.
