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Omg! I got a 50% on the dot, second attempt. I dont know whether to cry or laugh. It could have been a 49%…. omg! Hanging up my acca boots… done done done.
I passed with 65%, I couldn’t even get some sleep last night waiting for my results. you can imagine my excitement shooting through the roof when I saw 65%, now am properly motivated to continue studying for P2 cos i know how to win now….. thanks to open tuition and acca past questions and God almighty. Hurrraaayyyy!
I think i did great with Q1, though i spent a lot of time on it almost 2 hours and shares the rest 1hr 15mins on question 2 and 4. I didnt struggle with the letter, even though my letter basically states hey shareholders, we love you, we need your money for our capital and we look forward to enjoying your loyal support…… i was almost tempted to offer them dividends. so basically you slowly sneak in the new product range coming up and its potentials for shareholders, thats reason enough not to sell. i also went into Q2; Krank’s ponzi scheme and how the firm had no internal control to monitor changes in risk attitudes of fund managers or close monitoring by their supervisors or having an internal compliance team or even a client feedback system, plus both receiving cash and making pay out back to customers seemed to rest in Krank’s hand… so no clear separation of rolls. then i gently glided over Q3, then decribed relativism and how frank taking another route to earn profit failed to meet the major outcome for shareholders and proceeded to Q4, i had 15 mins left then so i talked about familiarity and intimidation… my brain only identified self interest threat after the exam…. (why me?), i equally though 4a & b required similar answers (weird) and finally i dont see the need for tucker or AAA in 4c, simply put he should have sought legal advice, from his accounting body, or in extreme cases quit and whistle blow.