[sfarhan06]

How to deal with numbers?

Is it good strategy to answer optional question which has financial analysis or number? In Mar16, I have attended the question with numbers, failed awfully due to time pressure.

Is there any specific suggestion to practice questions with number?

[sfarhan06]

Can anyone please tell me what the meaning of “PRINCIPAL” is in the Phrase “PRINCIPAL Audit Procedure”? Is there any difference between Audit Procedures and PRINCIPAL Audit Procedures?

[sfarhan06]

Ive checked P7. It’s not there. I have IFRS 15 material for P2. But I want to have like some practical questions with revenue recognition answered as to IFRS 15. That would have been very helpful.i.e. how to deal with IFRS 15 while auditing. Please share if you hav that kind of practical question answered with IFRS 15

[sfarhan06]

Can I have the link of the course note headed ifrs 15 ? I can’t find any

[sfarhan06]

Gee! All I have practiced so far are as to IAS 18/11. IFRS 15 has indirect effect on other IAS/IFRS as well. It is a radical change, and I am panicked. Anyway, could you please share me any quick but handful question or material on IFRS 15?

[sfarhan06]

This is what I did last time .. in a worksheet, I have prepared financial statements of both companies as to annual report. Then Ive calculated the ratio by linking the respective cells.

Ive knocked Obu official as well: his reply was more diplomatic than expected 🙁

“You just need to include the relevant extracts from the annual reports. Most students upload these in pdf format. You can upload more than one appendix. ”

I really dont have time to prepare pdf. Is it ok if my submit Excel appendix with annual reports in it.

[sfarhan06]

I have failed on period 29 on Research Report. Last time, I have prepared my Appendix in Excel where annual reports were added in excel worksheets. Do I have to prepare annual report in PDf format on my resubmission?

[sfarhan06]

Thank you so much for the advice, very helpful indeed.

Among very few things that the OBU marker has remarked on my RAP feedback, Ratio analysis not being properly analysed is the significant one.
One of the reasons why I can’t discuss ratio earlier is word count. For whole financial analysis, I had allocated 2500 words. Among them, 1500 words were to discuss the important elements in Financial statemens. But I realised I might have discussed much on this part rather ratios.
My questions are:

can I trim or delete this FS analysis part ( Revenue, operating income, balance sheet and cash flow analysis) , and increase ratio analysis?
There is nothing exciting happened in Balance sheet, and marker stated that this part was not discussed/helpful
as to my research objectives. Can I delete this part, and discuss on Gearing ratios instead? Those tare same and related I reckon.

[sfarhan06]

My bad. It would be april 2015 when the AGM held and Annual report for 2014 was published.

[sfarhan06]

Thank you for the reply.
It means I have to submit a mentor details like the way I did it for P29, doesn’t it? For P30, I can use my previous mentor since he was an acca member.
Anyway, I have read that article. It was very helpful. Thank you so much for that.
I need another advice. The company I have prepared research on has published its report on april 2014. As to info pack, I can use 2014 data, but it is not a must. However, the comparator company has not published its report yet. It would hamper the comparability of my data if I consider 2014 for one company. What should I do?

[sfarhan06]

Please find my results below:

1. Understanding of accountancy/business models Pass
2. Application of accountancy/business models Pass
3. Evaluation of information, analysis and conclusions Fail
4. Presentation of project findings Fail
5. Communication Pass
6. Information gathering and Referencing Fail
7. Information Technology Pass
8. Self Reflection Pass
9. Communication Skills (inc Presentation) Pass

I have few queries regarding the resubmission:

1. Do I have to resubmit and update my SLS and SLS Presentation in line with updated RR?
2. Do I need any mentor to submit his detail during resubmission ? If not, then do i really have to care about my previous mentor whether he is ACCA approved mentor or not?

I would appreciate any help.

Thanks in advance 🙂

[sfarhan06]

I have failed couple of times,every time stuck between 44 to 49. so much frustrated that i really want to get rid of this. grrrrrrrrrrrrrr

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