[tdiddy]

There were not many issues to justify 26 marks period… Its like they expected us to bring audit risks from home with so little background information and 3 flagged issues from the financial information….

[tdiddy]

The audit risk question was very challenging, there wasn’t a lot of background on the question to justify 26 marks and from what I remember there were only 3 flagged issues from the financial information. Although I must say that the rest of the paper was fair but time pressure was the biggest issue.

[tdiddy]

@huzaifa11 said:
EAC

Cost of the Asset $860 000
scrap $60 000

Life of Asset 5 Years

Bank Loan with 8%

Buy

Wasn’t the Depreciation element to do with the taxation, as in its usually on a 25% reducing balance method, it was for the useful life of the asset the 5 years in order to calculate the tax benefits per year….That’s how I looked at it I could be wrong though…

Lease £160’000 per year for 5 years

Tax 25% in arrears

depreciation was on a straight line

can any one help with the depreciation calculation????????????????

and the second question was based on cashflow statement

i got a positive balance of $344’000 end of sep???

[tdiddy]

@mosesdawodu said:
Why was that so hard?

I really cant understand it, I never had any of the mock exams with such a challenging Section A, and I did all the papers I could find….Like seriously most multiple choice questions were absolutely ridiculous in terms of difficulty…

[tdiddy]

What investment appraisal technique could be used as an alternative to Residual Income, I’m aware of Net Present Value from my f9 studies as the most superior investment appraisal teqhnique. But to mention that technique in the context of the F5 syllabus seemed incorrect, I mentioned Return on Capital employed instead…

[tdiddy]

@tasbihak said:
Hi, it seems you got the prepare revised budgetary control statement. I feel like whoever got this question is confused whether they did it right or not. Hopefully ACCA releases the correct format for this question, it will help future students

Hopefully as the manner in which Section C question 31 part a was asked isn’t logical . The requirement is rather vague and ambiguous….

[tdiddy]

Hopefully as the manner in which Section C question 31 part a was asked isn’t logical . The requirement is rather vague and ambiguous….

[tdiddy]

The only question I have is how do you flex a budget without more information in Section C, the requirement read doing a revised budget for 6 months making the necessary adjustments….Actual performance cannot change in such circumstances…

[tdiddy]

Passed with 58 % second attempt thankful and grateful to have passed, now onto F5 another day another big challenge….

[tdiddy]

Thanks very much writing tomorrow F7 you have helped me figure this all out this is an excellent illustration of what unwinding of the discount means..

[Author]

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