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bmurphy wrote:Shane, I see you were due to sit AAA in Ireland which was the same as myself. Have you heard any further or are we just expected to sit the exam in March? I selected the withdrawal option and they have credited my account. It’s completely unacceptable to me having used up my own leave and exam leave, not to mention the learning provider I used to sit the exam in December not 3 months later! To top it off the exam sounds as if it was quite favourable from what I can see!
Very frustrating and unfair, I agree. I haven’t heard anything further yet, I raised it with the school I did lectures with and he said there’s a small chance they’ll facilitate resits next week. I’m hoping if enough people lobby with ACCA to push for a resit, they will allow us to do it. They clearly can do it given the allowed people to resit it today.
I got an email yesterday saying they would allocate me a time to complete the exam today but they never did.
ahanson wrote:I had the same problem yesterday for my AAA exam, it got rescheduled for 6.15 this morning I was logged onto the portal sat in the waiting room for 2 hours and the invigilator said they couldn’t see my webcam (which was 100% on i could see myself on the portal & my webcam light was on) they then kicked me out of my exam saying i couldn’t do it today. Have spoken to ACCA who ‘might contact me’ for it to get rescheduled again. Anyone else had their exam cancelled again today?
I got an email yesterday evening saying that I would be allocated a time this morning to take AAA but never got an email with a time and when I tried to book through the portal it said that I couldn’t book a time as there has to be 24 hours between booking and taking an exam even though there was an available slot. A shambles.
Got an email yesterday stating that I could sit AAA this morning but never got allocated a time. Tryed booking it myself through the portal but it wouldn’t let me. Tried contacting ACCA directly but it’s impossible. An absolute shambles
I tried to rebook AAA for tomorrow but got an error message stating there must 24hours between booking and the exam
Did anyone successfully book the exam for tomorrow? I’m getting a message saying there has to be 24 hours between the booking date and exam date
Yes exact same issue here and response regarding rebooking. Absolutely unacceptable
Im not sure what exams you were preparring for. If it was an F level you may be able to rearrange for next week. I was preparing for AAA and got through to the helpline and was advised that i wont be able to reschedule until next March if i have missed my exam.
My exam was a bit different to many above.
Question 1:
Two theory questions on unbundling vs a demerger basically. Both fine for me.
Fcff. I though was fine.
Calculate the synergy use PE ratio. Was a bit confusing but think was ok.
Had a 10 marker on calculating the % changes for three different payment methods. I was a bit lost on this. Would be surprised if I got more than 2 marks here.
Commentary on the acquisition. Just made as many points as I could.Question 2:
Npv, mirr, var and duration. Though it was very easy which made me think I may have missed something here. Got an NPV of like USD 20 million.Question 3:
Hedging of currency using forwards, futures and options. Was a bit confused and tired at this stage. What did people do? I sold futures and bought put options.
No idea what the difference between a currency swap and an fx swap. Wrote some waffle but I’d be surprised if I picked up any marks tbh.For the shares, I calculated as 1500 shares multiplied by the mv per share at day of acquisition, then added the fv of associate at date of acquisition and nci to get the total consideration before cash.
Then adjusted the fvna for land.
Then worked backwards to get the cash figure. Have a blank now as to what figure I got thought.Ya I did regarding the pension. Did you unwind it over the 5 years?
Fo the cashflows statement, because the actual payment was after year end for the pension, I said it should be added back into the cashflows statement as a payable should have been booked. Unsure on it thought
Think you are correct on the revenue question, I did similar.
I can’t remember what I for the cash consideration but I was confident enough that my workings were good on that.
For the last question on employee benefits, I had very little time left but completely blanked on that. I said it should be kept at pv of the liability taking the %of employees leaving into account and unwound into the pl over the 5 years. How did people answer that?
The cashflows for financing and investing question for 16 marks was very out of the left field I though. I don’t recall seeing any past exam or sample questions like this.
I’ll need to have gathered some attempt marks on this question to get as far as the passmark but I was guessing for the most part so not hopeful.The rest of the exam was fair I thought.
