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Well, it does not sound like they pay much attention to new members – I imagine there could be a better service, especially while they charge us over GBP200 for the membership submission. On the other hand, they remind me about the annual subscription regularly, even if it is still a few weeks before the payment deadline.
I would like to ask, when is the best moment to apply for membership? I read that there are some “council membership meetings” which take place only a few times during the year? When is the next one expected?
Hi Arin,
I did both so here is what I think:
P7
I work as an auditor, so it was an obvious choice for me. Yet, I find it difficult to pass it if you have none experience in audit, but it is of course possible. This exam does not require calculations, I would say that difficulty level is similar as P3.P4
It is much more challenging than P7 in my opinion. It requires a huge amount of calculations with the high time pressure (I did all ACCA exams, and this is the only one I really felt high time pressure, so if you have already felt pressure before, this will be much worse). But, the advantage of this exam is that (at least for me) most of the topics are very interesting.Hope that helps.
KarolHey Francois – yes, this is was my first thought when I saw the question yesterday. Can you please tell me what is you next paper? I need to ask you for the tips right before the exam 🙂
Sir,
But in this case if the coupon rate is higher than the discount rate should we do the same? Becuase always in questions coupon rate is lower than discount rate.
Dear Sir,
I have one additional question regarding amortised cost – if we are not able to say when the future cash flow (let’s say repayment of a loan) will take place, how can we calculated effective rate?
E.g. in agreement between related parties, if the contract says “the borrower will repay when it wants to but no later than at 31 Dec 2030”, how should we approach this? Shoulde we use 2030 as the estimated cash flow date when calculating IRR?
Because this is the finance lease so we need to recognize the asset and corresponding liability.
In this case when the lease starts the entries are:
dt non current assets – 14.275
ct lease liability – 14.275Then, each rental paid needs to be divided between capital and interest part, and capital part decreases the lease liability.
Hi, yes, if you register on myacca for F4 exam CBE version (it means you don’t pay any exam fee) you can attempt professional papers
Hi Guys,
Have you already passed P1 and P3, or it is not necessary to have them passed before attempting P7?
I am about to graduate from the law course in the near future. I have passed a few acca exams. Can I get an exemption from F4 even though I am a registered student?
