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Q1 the group cash flow was ok not too hard, wish I can score a pass mark
However I think I’m wrong about the HFS classification, where the Watson can’t be HSF as it is not available for sale at present condition because of the SBP
Q2 the only challenging bit is the ifrs 16 and ias 40, in my opinion I think it’s a finance lease as the majority of risk and reward has transferred to the lessee(40 years) so can’t an investment property ,therefore overstate the profit and asset and therefore understate the gearing to protect the loan
The revenue bit was easiest one
Q3 A in analysing the NRV of different coal , I said the things related to ifrs 13 fvm ,and talked through it , don’t think it would be good
B easy
C no control here as 52%less then 72% , and I used the control criterias to talk it through, and concluded that joint venture.
Q4 management commentary , I read the articles , and I found the same qn in Kaplan kit
Tax , i only talked the things that I known
Such as the changes in tax rate is a change in accounting estimate
Deferred tax assets criterias
Deferred tax liability criterias
If anyone agree with me@coralienana said:
Yes, ACCA is getting really hard in marking the exams.
F8 seems an easy exam but you loose marks rapidly.
It was my first attempt, i hope i’ll have a pass.did u read wt i typed carefully?
@coralienana said:
Yes i had PBE! Im in Belgium.wish did good and pass it
@coralienana said:
In my exam i don’t think i had to have a colum over test of controls … They just asked deficiencies and recommendations. But mine was the PBE so i don’t know if there were differences with the CBE.did PBE exist in this sitting? i heard all exams have been computerised, how many dcolumns in ur screen and how many u were required to find out those deficiencies? for me , i only need to find 5 dfs and with 3 columns to describe them and recommend to mitigate them, and also the TOCs….. 15 mks .one of my friend was required to find 8 dfs but no TOCs are required, i think i did well , but i still wondering the risk of miss reading questions , especially the headlings of those 3 columns.
did PBE exist in this sitting? i heard all exams have been computerised, how many dcolumns in ur screen and how many u were required to find out those deficiencies? for me , i only need to find 5 dfs and with 3 columns to describe them and recommend to mitigate them, and also the TOCs….. 15 mks .one of my friend was required to find 8 dfs but no TOCs are required, i think i did well , but i still wondering the risk of miss reading questions , especially the headlings of those 3 columns.