[Shivvy]

I was like U but luckily I passed. I am relieved now..only 5 papers are left

[Shivvy]

Bad bad.. Too scared.. Feel like im new to the subject n cant recall anything i did on exams.. GOD pls help.. I may lose patience n deregister myself if i fail ?

[Shivvy]

I got it too.. Do u remember the sec C question well? I remember self employed, employed n property income, there was 1 question about revised corporation tax liability.. Im in doubt of not completing the paper wholly…

[Shivvy]

same as you… im waiting for results to resit 🙁

[Shivvy]

What ws ur answer? I messed up everything

[Shivvy]

150/300*325 then i add it to current 325.. I remember something 4xx500

[Shivvy]

Sec C
Ques1:
I got something about renumeration 8000, ops 32000…find corporate tax liability with only two piece of info? Then income tax liability with gross salary 200000 n ops 55000. Tax savings and implication of income tax liability, corporate tax liability n NIC

Ques 2:
– tax adjusted profits

Ques 3:
-Chips Ltd’s Taxable income from employment income and property income

Mcqs
IHT, VAT.. Any1 got same as me?

[Shivvy]

Explanations with example would have been easier

[Shivvy]

Hello im a beginner in tax..cn u help

[Shivvy]

Mathematically it is very WEIRD

[Shivvy]

Hello im still on syllabus B income tax and NIC liabilities…not memorising anything..feel like an idiot

[Shivvy]

Weird experience! I always feel so when I await results or once done in exams yet u get your worst nightmare when the results come out. Still mystery did u pass? lol

[Shivvy]

hello im scared to start up tax..any hint plz gna start zis week

[Shivvy]

That was SUGAR SUGAR

[Shivvy]

I did not receive anything from the practiced exams I tried. No idea

[Shivvy]

SAME FOR ME, IT IS NOT WORKING

[Shivvy]

Feel like so.. Acca does not crack jokes n like eating marks ?

[Shivvy]

Will we fail?

[Shivvy]

In sec C i got:
31 (i) Npv calculation in nominal rate
(ii) Npv calculation in real rate ( i
forgot to deflate the values) pfff
(iii) conflict of stakeholders
objectives

32 (i) calculation of interest cover ratio,
gearing, EPS
(ii)comments on these calculations.
(iii) gearing definition
(iv) 2 sources of islamic finance
where profits are not shared

In sec A n B:
Mostly Foreign Exchange risk, interest rate risk..
Very confusing!
Feel like i i got lost in every ques! ANY1 get similar like me?
I Failedddddd ?

[Shivvy]

Is the answer D?

Pv of annuity=7000/.1 70000

AV1-7-AV1-2 3.132
219240

[Shivvy]

Same here.. Terribly shocked to be failed wn it was an easy paper

[Shivvy]

I did a lot of formatting errors.. It’s hard to show the NPV Proforma with the additional calculations of inflows, etc…

Totally scared! what will happen…I don’t want to RE-go throughout the whole syllabus once more!

[Shivvy]

i’m totally scared, nervous, thrilled..full of emotions.. J-5

[Shivvy]

Sec A & B were sort of hard disguised in easy… I got to calculate mv of loan notes of 7% 6mths pre tax cost of debt redemption and 3.5% loan notes pre-tax 8% yet there was corporation tax=20%.. Don’t know if i mess up
Sec C.. Any1 got?
1. Bulk purchase or early payment, WC- conflicts btw liquidity & profitability
2.NPV- calculation, Fisher effect theory

Blank in mcqs ques.. Dnt remember.. ?

[Shivvy]

Most probably NPV

[Author]

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