[theimaginarynumber]

There was no question on project appraisal in my exam. I thought it this was one of the topics that had to be included, along with risk management. Part A was a question on the cost of debt, equity and capital followed by a hedge and a swap, which was OK. The section B questions were atrocious. Dividend capacity and some random information about a potential acquisition. Appalling. Mezzanine finance? Pull the other one. But no NPV or APV question. I don’t get it. A disaster.

[theimaginarynumber]

I did the exam remotely. About ten minutes after it began, I got a Java script error and it crashed. I managed to use the chat (although it was functioning poorly) to communicate the issue. They reset the exam but then nothing happened after half an hour and the chat panel stopped working. I will be going to a test centre in future. It’s a shame because I have sat two previous exams remotely without any problems.

[theimaginarynumber]

Third attempt. I give up. Bye bye ACCA.

[theimaginarynumber]

I failed the paper-based exam three times. Passed the CBE first time! So much easier to do on spreadsheets.

[theimaginarynumber]

@vixengard said:
I heard it will get worse as they are trying to bridge the gap with p6 ?
i’m guessing it must have been the same as the paper version.
I know that we had 10 extra questions though that will not be marked as they are for comparative with paper – anybody else heard this? I am keen to know which q’s they are – was thinking must be from section b

Given the vast number of IHT questions in my exam, I’m guessing that 10 of the exempt marks will be for IHT for me.

[theimaginarynumber]

I did the CBE. Is it the same as the written paper? I thought section A was quite nit-picky, even by ACCA’s standards and there were a ridiculous amount of IHT questions. Worst of all was the 10-marker in Section C. I didn’t even waste my time with it as I don’t remember ever seeing a question like it.

[theimaginarynumber]

I found F4 the easiest, now it’s a CBE. I found F7 the hardest. I have sat it three times and failed each time. It will now be the last F paper I attempt.

[theimaginarynumber]

I did the CBE. I’m not sure what deregulation has to do with financial management, but what did people put for that question? I put both (open to companies to take part and privatisation) but I’m not an economist.

[theimaginarynumber]

I got 48% in June and 49% in September. I found this one slightly less difficult, so I’m hoping I’m OK this time. I only thought the very last question was very difficult. I found the CBE easier to manage my answers compared to the paper-based exam.

[theimaginarynumber]

I got 44% for the second time! Too many questions to deliberately trip you up (distractors) 🙁

[theimaginarynumber]

I drew up the W2 table for that. I remember reading that in a consolidated statement of profit & loss, if they ask you for goodwill you should do a table anyway!

[theimaginarynumber]

MCQ 20. I take it dividends paid won’t tell you about a company as a company that has made losses can still pay them?

[theimaginarynumber]

According to my tutor, the redemption of convertible loan notes should not have been in the exam. This has been fed back by many to ACCA. He hopes this will be taken into account when the scripts are marked, so if you thought you might have failed by one or two marks, you might be alright yet!

[theimaginarynumber]

@accastudent1986 Except they’ve stopped publishing past papers now and pretty soon what remains will be out-of-date!

[theimaginarynumber]

I thought the MCQs were moderately awful, Q1 and Q2 were OK, but Q3 was absolutely ridiculous. I got AAAA for the first 4 MCQs which I thought was a bit weird and so probably wrong! I think the pass rate will be below 30%.

[theimaginarynumber]

I’ll be interested to see what the pass rate was.

[theimaginarynumber]

52. A bit closer than I’d have liked, but it still counts!

[theimaginarynumber]

Are we all confident about our upcoming results? I got 48 in June. Hoping for better this time! Just a few hours to go…

[theimaginarynumber]

@beataziobro said:
110$ in relevant cost is the right answer and end of story.

They were saying that workforce is working in full capacity so relevant cost in this case must include variable labour hour cost plus any associated variable overheads (weren`t mentioned so 0) and any contribution forgone.

If workforce was not working in full capacity than the labour cost wouldn`t be relevant if they are paid anyway.

All other information about strike were just distracting from getting the right answer.

Wrong! The variable cost of labour is irrelevant as it will have to be paid anyway, regardless of the work they do! Moving them on to a different project merely results in a loss of contribution from the work they were originally supposed to do.

[theimaginarynumber]

@abuzer said:
This my third attempted I think fail also what I should do just leave F5 and I should try other papers like F7 or F8 or I should try F5 fourth time I’m really frustrated. last Lune I passed F6 by 73 scores in June 2015 but I was fail in F5 by 40 in December 2014 .

You’ll have to pass them all at some point. Just keep trying and eventually you will get through!

[theimaginarynumber]

@jimbob1212 said:
For the variances question, what sort of answers did we have for part b? The performance of the company and sales manager?

I completely rushed this as I ran out of time.

My answer included planning being somewhat uncontrollable, operational being controllable.

I related it to part a) but my part a answers were wrong :(. Think I lost a lot of marks here.

I did a bit of basic maths percentages and concluded that the sales manager had done a very good job and the company as a whole was quite good. Very woolly.

[theimaginarynumber]

@barryhastings said:
Quite agree with everyone about the MCQ’s, they seemed really tough this time and took forever, written questions seemed fairer than June 2015 however the minimax question was just horrendous!!

I’m glad I’m not the only one who didn’t get the minimax regret question. I’ve got a degree in maths, for what it’s worth!

[theimaginarynumber]

@jimbob1212 said:
Oh yeah, what did you guys write for the stakeholder question?
I too didn’t really understand the question, so I guessed government

Thanks for remembering this. Yes, for me it was a toss-up between customers who might buy more environmentally-friendly products or the government that dictates environmental law. Although customers would consider environmental impact when purchasing a product, there is no guarantee of this. Government would primarily consider environment legislation. So I went for government. (Although I still think customers is a good answer.) Open to other opinions…

[theimaginarynumber]

@davide64 said:
What did people do for the ROI and RI mcq question?

I’m not sure but I think I put RI accept and ROI reject. Hope that was right

RI went from 60 to 62.5 if I remember correctly

I did the same. I think this is quite a common scenario!

[theimaginarynumber]

@jimbob1212 said:
what about the very first question on ABC costing?
think i got the overheads to 0.116 and then added the extra 1 direct cost, came to 1.12$ p.u? might be wrong.

Also the one where it was joint processing, i remember thinking reject first one, accept second.

I’m pretty sure I did the same. £1.12 rings a bell and I remember rejecting one and accepting one, but can’t remember which!

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