Forum Replies Created
- Posts
Passed with 67 and ATX also with 53 so now im finished the ACCA exam component. Just want to say a huge thank you to opentuiton you helped me gain motivation for the first F3 exam and kept efficiency and motivation in my studies ever since, il be forever in your debt.
carsmac wrote:yea i thought the 35 marker was tough enough… against the clock too… think the first q was about the individuals buying the property or the company.. i said the company should sell it as they could use the loss the indivuals cant cos its ringfenced… i didnt give ER or RR to the guy selling the the premises in Galway? but gave ER to him selling his shares on liquidation… what did yee come up with?
Yea, i also gave him ER on the liquidation and i said the other woman didn’t qualify for either ER or RR as she was only there 2 years even though she was over 55, i did that 35 marker last as i took one look at it and moved on! also that VAT section 70 0% exemption (or whatever it was) completely caught me out probably got 0 on that one, think it was worth 3 marks might get 1 mark as a sympathy vote hopefully
Oh yea i put that clawback too as it was only 9 years instead of 10 years?, anyway doesn’t matter now i guess, wont worry bout it till Jan. Best of Luck in your result
Yeah i said the same recommendation.
i think i may have missed the PPR so i put a same event credit, not sure why i missed that
i think i may have messed up the threshold on the gift for some reason now in hindsight, was hoping for 6/7 out of 15 marks there after exam so maybe i got it through the rest of the working of the life interest etc
i put the participation exemption too but it was more of a gamble than anything and i don’t know if my point were strong enough to gain much marks
Can remember that first disposal question at all.Yea, i also gave him ER on the liquidation and i said the other woman didn’t qualify for either ER or RR as she was only there 2 years even though she was over 55, i did that 35 marker last as i took one look at it and moved on! also that VAT section 70 0% exemption (or whatever it was) completely caught me out probably got 0 on that one, think it was worth 3 marks might get 1 mark as a sympathy vote hopefully
Hi did anyone do the Irish ATX exam?
How did you get on?
Hoping for a pass although some parts in section A were tough (especially the 7 mark question on liquidation) ,the rest of the paper wasn’t too bad and i’m hoping those question see me throughi know seems that they tested alot of stuff that the majority would just tend to skim over such as that and delta/gamma for 14 marks, funny thing is that i knew the variables of rho theta delta and vega but of course they asked gamma
i guess 6-7 marks of 14 were for sensitivity ,var and analysis, probably rest for the npv,working cap,wda etc.
i put in the var formula but completely forgot how to calculate the figure,hopefully get 1 mark for the attempt.
anyone figure out yet what a profit centre does or was it some myth to scare the bejesus out of everyone as conviently it was 1a?feel better about the exam then i did this morning which is an achievement itself, attempted everything.
what the difference between a profit and cost treasury?
i made 5 points of pure educated guesses to try pick up 2-3 mark, compltely forgot what gamma was too.havent failed an acca exam up to this point but i failed this one,
too much worrying about structure,gaining professoonal marks which led to a lot of incoherent rambling and bad time management, basically no experience of how much to communicate to a project manager which led to confusion how to apply the culture web,leadership theory and whatever else, couple of other questions followed the same pattern, reading people comments only question i feel good about ia bcg matrix and i used porters 5 forces to compliment the pestel oneyeah just did it too, got to be rigorius with making sure you practice as much questions as possible and dont try to get lucky in the exam being weak in certain areas ,Variance analysis came up alot for me and i wasnt too strong with that so i got lucky overall i guess.try to go through as much notes as possible for each section, summarise and attempt questions, rinse and repeat making note of your progression and weak areas and u can do it with enough ambition
@faeqquadri said:
The exam was relatively good for me, but take what I have to say with a grain of salt as I got really lucky.It started off with surprisingly difficult sec-a and sec-b questions, and this is coming from someone who did every MCQ question out there. Still, I managed to pull through somehow and throughout the entire time I kept telling myself that there has to be a trade-off because of how hard these MCQ’s were.
And sure enough, come sec-c, and I was almost angry at how simple and straight forward the questions were. The first question asked me to explain what mix and yield variances were, solve them for a question, then end by analyzing a few variances that were caused in a month due to changes in the company policy, suppliers of good, etc. It was a straight-forward process and connecting the dots was simple.
The second question was like a dream, giving me 4 marks for just briefly explaining the 4 core aspects of a balanced scorecard, then the remaining 16 were for analyzing the case study, associating them with each of the aspects, citing goals from the case study and giving two performance measurements for each of those qualitative values.
All in all, to all those writing the exam next, I’d strongly ask you to work on as many transfer pricing questions as they can be the most challenging in sec-c (if that wasn’t already apparent by the ominous replies of many here who’ve fallen prey to them) and keeping a cool head and asking yourself to believe in the work you’ve put in, will go a long way.
Oh, and of course, thank you, John Moffat, you absolute cutie.
i had the same exam. can you remember what you wrote for the balanced scorecard goals,how u calc the yield and also what points u made for the performance due to variances?
any one else had the material yield/mix question and performance based on variances?, i had it too section c but it was a weak area of mine. i feel this exam was tougher than expected as i scored a solid 70% over the whole bpp revision kit so i feel they arent really adequate to prepare for this 1.also time pressure was an issue for me too i had to guess 1 in section a at the end and got cut off trying to write a bit more in section c, maybe i dwelled too much on some 2 mark questions but some were numerous calculation types
@ak2401 said:
I had a very fair paper all in all. Section C was a lot of writing tho with ZBB & scorecard.Did anyone get the question with the current ratio in section A. It was 1.6:1 and then they said 30% was inventory and half was sold at 100% markup what was the new ratio? And it mentioned something else i cant remember.
I put 1.84 but wasnt sure if that was right? Anyone else know what they put?
i put like 2.07 based on
160/100=
145 (30 half sold=15 )/70(15 at 100% mark up =30 to reduce liabilities)
145/70
not sure if right anyone else get this q?there was a contingent liability in point 2, that the company provided 800,000 in first year but now it may be 1.2m or something like that.i just left it out as i thought it wasnt a valid provision. never seen a point like that in a practice consolidation!
do you think there is 14 marks for 14 valid points made, seems like a lot of points to make?
my conclusion was that the company could grow if they made a share issue instead of more loan issuessection a and b were pretty hard too i agree, so many questions had me in two minds with the wording of the questions, annoying part is i cant remember many of them specifically to check them!
hi i also did the cbe with luxury cheese in dublin, just wondering how they allocate the marks in that question, they give out 14 marks for the analysis part, would it be 2 marks for valid point or 1 mark for valid point?
im worried i didnt write enough, wrote about 3 longish sized paragraphs.also i think the only part i got wrong in the goodwill and ret earnings calculation was the deferred consideration, i got confused by the multiple decimal consideration being part of it so i stupidly panicked and just took 10% from the consideration (i think 10% of 13500). would i still get marks for other workings in ret earnings and goodwill?
also how did other others manage the contingent liabilty? that had me confused too
