[thepeacock]

Passed 64%, cleared all exams finally after 2 years.
This was my second attempt too — I can only agree with the comments above. Weird exam little textbook knowledge, pre-seen to the great extent not very useful etc.
Anyway thank you open tuition I used your resources to prepare for all but 2 exams (ATX-UK,no support) and second attempt SBL.

[thepeacock]

I am the one who failed too, however big time 37 marks.

It was supposed to be my last exam, after 4 exemptions, I cleared all other 8 papers in the first attempt by a significant margin (never below 61) in a period of 20 months basically I took one exam every 3 months.

Such an awkward feeling knowing that I need to take this exam again.

Honestly, I found the subject pretty boring, shorty after the June exam I was aware of some of the mistakes I made but I thought it would be enough to pass. This really sucks

[thepeacock]

Task 1 – analysis of company’s current culture plus leadership.
Used cultural web to answer part 1 which scored more points.

Task 2 – appraisal analysis plus risk. Just realized I could’ve done bettter on the risk question.

Task 3 – typical ACCA question unrelated to any studies. Basically they wanted to know your way of thinking. Hard to explain.

Type 4 – Big data slides.

I got a Toy company which wants to enter the gaming industry.

Thats it overall. It was I guess OK hopefully I passed. Pissed off that I did not do risk questions better

[thepeacock]

Hey guys, I am glad most of us have the same feeling about the exam
I can confirm that, first 2 questions were fine, last 2 pretty difficult — when I got into the third question I had an hour left to complete the exam so already tired and then boom so much info to grasp etc etc.
Anyway best of luck to you, all we need is 50%.
I am done with Tax it is what it is, no point of thinking about it its over.
Also noticed so many questions about BPR I was like come on isn’t the one enough???
I am going to move to my hopefully last exam SBL.

[thepeacock]

@damity thanks man I did not know that.

Tax is my last F exam so I could very likely do the same thing.

[thepeacock]

Don’t you need to pass all former F level exam first before you attempt the next level?

[thepeacock]

Same happen in my audit exam I had a question on Non-current asset register deficiency.
Not a mention about that in BPP.
I did well on other sections so I am confident and could answer ok from my experience.
But again if you just read it before it would be easier

[thepeacock]

And I always pay special attention to section C because this is where you get most of the marks and this is where you demonstrate a pure knowledge…
So pissed right now.
Luckily, I did the pre June mock exam so had some sense about the long period account…

[thepeacock]

Thank you guys, I guess I would need to switch to Kaplan.

Thats what bothers me, they tell you practice is vital you do that, you go over all questions in BPP and then you are completely off guard because there is no such a question in the BPP book. Both fuel benefit and long period of account.

I am just so angry if I fail because of small stupid issues….

[thepeacock]

Its not because I am dissapointed with the exam.

Dont think anyone can listen to the guy who just keeps talking and talking.

If can say something in 1 sentence, no he wont he’ll use 10.

Whoever went over hours and hours of long ACCA Tax UK lectures deserves an award.

Cheers all all the best and good luck to everyone

[thepeacock]

I really liked other OT lectures btw Tax is my last F exam. But tax lectures need an overhaul, way to long and useless

[thepeacock]

btw open tution tax lectures are way to broad and long. Dont think anyone can go over countelss of talking and talking…

[thepeacock]

So unfair, I just went over BPP practice kit, not single question like that. So unfair.

[thepeacock]

Thanks man, I did split it in both part A and part B so basically part A 6 marks are gone…
I’ve just never seen a question like that.

[thepeacock]

I asked @ajabbie12

Its regarding part A

[thepeacock]

So you added back the adjustment and then made a split?

In calculating tax adjusted trading profit did you make a split — 12 months to the end of june and 3 months to the end of september?

[thepeacock]

I used 130% for equipment.

Did you calculate fuel costs the same way I did?

Also regarding that 15-month period Sectin C question.

Did you add back certain costs like entertaining customers and split it 12/15 and 3/12?

How did you treat dividends?

Thanks

[thepeacock]

I felt confident going into the exam but the examiner made it so hard. Really unfair and evil.

A bunch of admin questions.

Then section C 15-mark question was so confusing with weird wording.
Its a corporate, 15-month period
First part 6 marks they ask you to calculate tax adjusted profit so I did split into 2 periods — 12 mo. And 3 mo.
Bu then there bunch of adjustments you have go take into account, have not seen anywhere anything like that before. Btw they tell you to ignore Capital Allowances.

And then part is even more confusing. Its worth 9 marks and they tell you to calculate total taxable profits including capital allowances.
So OK, I took trading profit in part and then arrived at total taxable profits. But the question was worth 9 marks it seems too many marks for too litle info.

And the section C second 15 mark question, part A 11 marks employment income. Went ok but then use of fuel. Honestly no single fuel question in BPP most recent book.
I calculated it 24600*car benefit%. Whatever
Part 2 would not even comment. Again 2 questions 4 marks total about admin dont even know what they asked.

All in all unfair questions. So many important tax topics completely omitted….

Its also unfair that BPP most recent book has totally omitted questions such as period of account and car fuel benefit.

Dissapointed all in all

[thepeacock]

Thank you so much sir… Your help is very much appreciated

[thepeacock]

I have sir but still I can’t get the answer.
I just can get the the total fixed costs per anum?
I assume is 1,000 units x 52 weeks x 0.90 for brownies = 46,800
and 3,000 units x 52 weels x 0.80 for truffles = 124,800
so the total is 171,600
divided by contribution per unit of brownies of 1.5
I get 144,400 which is way below the correct answer of 50,400.

[thepeacock]

$11.50 is the answer can’t get how..

[thepeacock]

Thank you so much, I thought the question did not get posted..

[thepeacock]

Thank you so much sir 🙂 Understood

[thepeacock]

Found the answer

Yes, you would deduct the intragroup sales from revenue but firstly we do not know the full amounts made in the year and secondly, even if we did know the amounts, the adjustment would not impact the gross profit. Why? We DR Revenue CR CoS by the same amount and so no overall impact on the profit.

So sorry for bothering.

[thepeacock]

Again really confusing about the leasing, There is another example in BPP official number 111 where they did subtract the intrest. Please help

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