Forum Replies Created
- Posts
Try to find the inner strength to continue, it’s a tough road but the destination is worth it.
I was older than you when I became a member and it’s been the most satisfying journey I’ve been on.
In my mind a pass is a pass. It doesn’t matter how you got there so long as you did.
Sure, some employers/interviewers want first time passes but generally so long as you pass that’s all that matters.
I did exactly this after being in an identical situation ax yourself. It all worked out incredibly well as I really enjoyed the ATX course and it seemed a breath of fresh after falling APM so many times.
Tax is either right or wrong and the questions are a lot more straight forward with clear requirements. I just couldn’t get APM, to this day I don’t know what the examiner wants.
Just to have closure on this, the tutor on the ATX revision course has stated:
Calculations should be done on the spreadsheet.
Explanations should be done on the word processor.
Yes, I know this feeling well. Was just thinking I want the exam over with now. It’s got to the stage where I’m just staring at notes/exam questions and feel exhausted.
Good luck all with it on Wednesday.
Suddenly the Home box appeared and I was able to book. APM March all sorted.
Phew, what a relief!
tasbihak wrote:Considering I didn’t get the email I should prepare for the next step.
I’m feeling the same way. I just don’t like the way APM is examined, the syllabus is manageable but I’m never quite sure if I’m answering the question or not. Seeing as I didn’t receive ‘the email’ I’m guessing I didn’t answer the question.
I did TX ages ago and my technical knowledge isn’t great but would rather manage a large syllabus and have concise exam requirements than the current set up with APM.
Congratulations to those who received the email. Personally I’m convinced those who haven’t will be back in the exam hall in December.
Now to decide to stay with APM or ditch it and go ATX.
No email and yep also pretty disappointed.
APM was tricky but I had that hope it might have gone my way but have now resigned myself to another session of studying and past papers.
Erm is this right? I though KAMS were highlighted as they were deemed to be a significant risk to the auditor (judgements, estimates etc)
Whereas EoM are significant to the shareholder and were included in the audit report to bring emphasis to items that are already in the financial statements.
Q1 was ok, I found hunting out the business risks not so easy with this scenario.
Q2 quite liked that had seen most of the accounting issues to be audited before.
Q3 Best of the bunch in my opinion. Auditing a cash flow forecast and related party loan from the CEO.
Q4 Looked easy but was a PITA, professional sceptiscm and lack of audit evidence to substantiate going concern. So wish I’d done Q5 as I was red hot on KAM after the examiner article. Probably jeopardised a pass by choosing 4 and not 5
My biggest issue was feeling I hadn’t really got into my flow and I knew I could write a lot better than that.
Its your choice, if you feel you have the skill set to pass it without extra tuition then give it a go? If you fail then may be take the course.
From my experience passing P3 isn’t just knowing the models but its the application of this to the given scenario. Plenty of question practice helps with regard to this.
Many thanks for the reply. I did think that doing a full calculation would take me ages!
That link is invaluable, I didn’t know it existed.
Passed with 62%
Was convinced I’d failed as I didn’t think my script was particularly well written and I found it difficult to get into my flow.
Delighted!
@saadusman22 said:
Exam Invigilators were shocking at Kensington Olympia, as were the facilities. No water dispensers, freezing temperature, and the exam started 15 minutes late! Never seen that before, anywhere!It was bizarre!
Exam starting at 10.15 so they could hand out the exam papers which wasn’t the best preparation to be honest. As for keeping us back for an additional 20 minutes so they could count the scripts was just bewildering.
Nearly had a riot on their hands when they refused to let people leave the hall after the exam to go to the loo. Told everybody to sit still and not to chat, the worst invigilation I have witnessed at an ACCA exam.
Learn Islamic finance terms parrot fashion they said. They will definitely be examined every sitting they said………….
@Julia As far as I remember it as:
6 marks for calculation of goodwill
19 marks for P&L with other comprehensive incomeAt least thats what I did 🙂
I skim read the bit about rounding in Q2. I just presumed they wanted the numbers presented as they were in the trial balance.
Don’t tell me I’ve made a howler!
Q1 – P&L with just a goodwill calc? Studied so hard on groups and felt I wasn’t given the opportunity to really show what I could do.
Q2 – Forgot EPS requirement as was working through points, tricky question and have thrown 3 easy marks away.
Q3 – Ratios and Interps, a very straight forward interps but gimme a cashflow anyday.
Q4 – I found this tricky and stressed, couldnt think straight and probably blew some very easy marks.
Q5 – Quite liked this question, shame it was only worth 10 marks.Yeah I dunno, have gone through it at least a dozen times and reckon its on a knife edge. I got 74% on the question day but todays was so much more tricky.
Oh and who has time to see if Q2 balances lol! Lucky to address most of the points.