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Dr Constantine “dino” watch his acca official webinars, lots of tips and information that will be extremely useful,
Pass 2 more 2 go… In case result is not positive then please dnt be disheartened you will clear this in Dec for sure,
Yes I was made to sat in the retake session due to technical issue…. The question on the weaknesses and quality control or review process was to test our knowledge around the issues with the publishing of book written by famous historian, one main issue I recall that he was publicly criticized by the fellow historians, along with lack of contractual bindings whereby he could have been prohibited from presenting TV Series on the work on which book shall be based on.
Regarding supplier i remember he was selected by the director by bypassing or not following the protocols.ranapardeep87 wrote:There was a misstatement which was material, as acturial gain was recognised in profit and loss and not oci, so auditors provide the correction entry to be made, if not corrected opinion and report will be modified.
Uncorrected misstatement to profit 1.6 M, Profit before tax 22.4 M, I think its material,
There was a misstatement which was material, as acturial gain was recognised in profit and loss and not oci, so auditors provide the correction entry to be made, if not corrected opinion and report will be modified.
It’s 2 AM while am writing this, as I thought that I am the only one who felt like doing much better if more time was allotted for the exam, it’s completely undesirable to test someone by tying there hands, questions were made illogically lengthy so that students can spend more time reading then writing a better answer, I am a working professional in the field of finance and accounts and can say that ACCA has tested students on there time management skill this time and it was very bad of them, I mean they could have done this for one or two questions and not to entire exam.
I remember last time when I failed again, I said will celebrate next time for sure and here I am with 67% percent,
Dear all, the two ingredients for success are Understanding the topic and practice,applying a disciplined approach is very crucial for better time management, as this time I completed my exam 20 minutes earlier, and practice sessions are the only reason.
Those who hasn’t cleared this time, please have faith in yourself and practice,
Best wishes.Dear All,
Congratulation to all those who passed, and to those who left uncleared this time, my best wishes for their turn to celebrate next time,
Also many thanks to Open tuition for being a great friend, as a friend in a need is a friend indeed.
By the way, I am also hoping to celebrate in the next turn.
There were some more points , life of the asset 20 year and D) loss 20000 to pnl so with life of 20 years and fmv of 200k, add dep of 20k will be charged to pnl, hope I make sense to you
Q31) a) students were supposed to give detail material variances, Material Price Variance and Material Usage Variance.
I admit some of the question in MCQ section were time consuming, but some of them were relatively simple and it was just a matter of second to answer those question. Like there was a question where VC was 230, and question was to provide the price at which profit is optimum and the answer is 230 because optimum profit is there where MC = MR, and if anyone has gone through the Breakeven point analysis then he should be answering such questions in very less time. Overall the Exam was OK.
