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And I highly doubt ACCA will look too much in to this as they don’t cater for mainly industry based accountants. CIMA would be a better option for you if you are having problems with the ACCA.
Well i have to say, if the papers get much harder then the F5 exam i took on Weds i am going to have to seriously re-consider ACCA. I was exempt from F1 – F3 and have passed F6 – F8….on with F4 at the min but i dont feel like i am ever going to pass F5. This was my second attempt and i am sure i have failed again. I am almost 34 so i dont want to spend the rest of my 30s with my head in books while life passes me by. Feel really deflated at the min!
And I don’t think ACCA will look too much in to it anyway. They mainly cater for the public accountant not the industry/private accountant. If you have a problem with the ACCA how about looking into CIMA instead who would cater more for your needs.
If your employer is putting you through these exams then they will be supportive of the fact that you need to take these exams on the dates given and so you and employer should plan ahead accordingly surely?…..
I too agree that this exam was nothing like the practice questions. I have a Kaplan exam kit and a BPP one too and I was doing well with the questions and my timing. I put so much time and effort in to this as it was my 2nd attempt and the exam was totally unfair with questions that I have not had to deal with in such detail before and the questions that were meant to be taking under 4 mins were taking me 10 mins!! Not to mention the added pressure of being made to do it on a computer! I have given some very negative feedback to ACCA about this and I hope everyone else does too. They need to mark this paper in view of it being so hard. Make your voice heard people!!!! Don’t rely on others to do it for you!
No it wasn’t just the morning. I had rolling budget case Q and i did the 2pm sitting
So disappointed. That was my 2nd attempt and i will be resitting again in June for sure. I did the CBE and i found it so much harder then doing a paper exam. And the 2 mark questions were taking me ages. Did anyone else feel that the questions were so much harder then the practice questions on OT???
I am exactly the same. I am taking my 2nd attempt at this exam next week and i am dreading it. No matter how much revision I put in a lot of it is just not sticking. The thought of having to take it a 3rd time doesn’t bare thinking about. You certainly are not on your own as if you look at the pass rates it’s one of the lowest.
^^^^This was meant to be a reply to a previous post on page 1 but won’t tag to the original comment for some reason!
57% was hoping for more but a pass is a pass. Now to study for my F5 retake in March!
I have had a look in my Kaplan text book and Comparability doesn’t say anything specifically about uniformity. Talks about consistency but doesn’t specifically use the word uniformity. But these mean the same thing surely?
FOUND THIS IN THE ASK THE TUTOR SECTION. PLEASED ABOUT THAT THEN AS THAT’s WHAT I DID……….
If subsidiary sells $6000 worth goods to parent and then sells $5000 of it to a third party. do we deduct 6000 or 5000 from the revenue? also will URP be 1000?
| QUOTE December 5, 2017 at 5:57 pm
MikeLittle
Keymaster
We cancel the FULL amount of the intra-group transaction from both revenue and from cost of salesWe calculate the PROFIT ELEMENT of the remaining $1,000 and add that unrealised profit to combined cost of sales
I think apportionment should have been 3/12 as didn’t they aquire 1st July and y/e was 30th Sept?
I deducted inter co sales from revenue but I also deducted from COS too and added the PURP to COS which i now think is wrong.
What figure did people get for the unwinding of the discount to be added to finance costs??
Yes I mentioned seasonal trading but didn’t seem to know where I was going re purchasing off the parent company as there wasn’t a big difference between my gross profit ratios for both years. Maybe I worked them out wrong!
I didn’t think it was too bad but the MCQ’s do feel like they are constantly trying to trip you up so always second guess myself. The ratio analysis Q was abit tough in the sense that the narrative didn’t really give much information to be able to give valid explanation of the ratios.
Passed with 78%! Gob smacked! Thought if I had passed it would have been marginally. Now on to F8 🙂