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I feel like the exam was half decent, but those taking the exam Tuesday and after will have an advantage as the questions appear to be the same as those sat on Monday.
Having read the responses last night I sort of had ideas of the areas of risk in my mind when answering the questions. Though time was still a big issue.
Still even knowing what was coming doesn’t stop you making mistakes on hindsight. Q2 for me included the borrowing costs being incorrectly capitalised. Where I only noted that the costs can only be capitalised once conditions are met (therefore only 6 of the 12 months in the question), I failed to recognise its only the interest that can be capitalised. You cannot capitalise the loan itself. Hopefully I only lose 1 mark for stating the wrong number. Good thing the borrowing costs were ignored in part b of the question in relation to the audit opinion so my opinion should still be valid.
Did anyone have issues with the spectator? Feel like they disconnected cos I never got a response when I hit the alert button.
