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Viewing 7 posts - 1 through 7 (of 7 total)
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  • January 16, 2017 at 6:50 am #367300
    mysterytopquark
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    • Replies: 7
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    Arrrrrgggghhhh! I passed!!!!!!! 81% Can’t beleive it. That Q1 about Duncan incorporating his business seems a LONG time ago now.
    I’m done with exams forever!
    My biggest tip is to do the practice questions- all of them. It’s all about doing the questions.

    December 12, 2016 at 12:12 pm #363448
    mysterytopquark
    Member
    • Topics: 0
    • Replies: 7
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    Q3 – I remember there being a bit about a building being transferred intra-group on a “no gain no loss” basis. The building is subsequently sold at a loss to the group. Therefore you couldn’t use indexation allowance to increase a loss.

    Thanks everyone for the workings for Q1, I missed the corporation tax deductions. I read that question about 10 times before it began to sink in what I had to do! Gah.

    December 8, 2016 at 6:30 pm #362399
    mysterytopquark
    Member
    • Topics: 0
    • Replies: 7
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    P.s. I agree the questions are always put in a stupid annoying way. Supposed to make you think and apply the principle – whilst you’re having a massive panic about turning up to the exam, trying not to fail, time off work, running out of time, etc…

    December 8, 2016 at 6:28 pm #362398
    mysterytopquark
    Member
    • Topics: 0
    • Replies: 7
    • ☆

    I had about £18k in dividends for Q1.
    And about £63 ish to relieve DTR in Q3 sounds about right.
    Q3 and Q5 were a gift for me too.
    Q1 was really finnickity, and I fear a bit of a disaster but luckily I’d memorised the Incorporation relief stuff.
    Overall could have been so much worse. I think it was a fair exam.
    My last one (hopefully) so I was in tears at the end (of relief).
    Good luck to everyone who sat this one!

    July 18, 2016 at 6:13 am #326600
    mysterytopquark
    Member
    • Topics: 0
    • Replies: 7
    • ☆

    65% pass! All that hard work paid off.
    And I changed from the notorious P5 to this paper. So over the moon.
    Also did the Audit lectures from Open Tuition – so HUGE thanks to them.

    April 20, 2016 at 10:15 pm #311978
    mysterytopquark
    Member
    • Topics: 0
    • Replies: 7
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    Passed P3 from March 2016 – 61%!!!! Over the moon. Bring on P7…

    March 16, 2016 at 11:34 am #306643
    mysterytopquark
    Member
    • Topics: 0
    • Replies: 7
    • ☆

    I failed P5 with 48% way back (passed all the others first time) and I am regretting enrolling for a retake. I see this whole course as a waste of time and irrelevant to actually being an accountant.
    There is no solid subject matter – it’s all abstract theoretical stuff. And it’s removed from real life. This examiner sounds awful.
    I also time out of ACCA in 2017, and I am wondering if it’s worth ditching this and doing P6 and P7, or CIMA – any comments?

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