[Kieron]

Does anyone know when the new material for Kaplan and BPP will be released?

I bought the SBL kit in prep for the June paper, but it now looks as thought the AAA will be outdated by the September sitting too.

Would it be unwise to use the older material? Is it likely to have changed all that much?

Thanks.

[Kieron]

32% for me.

I felt like I couldn’t give much more than that at the time, so I’m not sure where I’m going be able to find 18% from next time, whenever that is.

I’m now considering switching lanes and choosing a different optional paper, or perhaps move over to SBL (as I’ve already completed SBR). I don’t feel anything naturally come to me with AAA, and even though it’s my first sitting my thinking is that I should go for something more fitting for me. I’m never going to be an auditor in practice, my reason for choosing AAA was that AA was one of the easier papers I took, certainly compared to the standard versions of the other optionals.

Congratulations to all that have passed today – it’s an amazing feeling. For those of us who didn’t fare so well, keep in mind a fail is still progress in some direction.

[Kieron]

Passed, 52% on my third attempt.

Congratulations to all those who have been successful and for those not so fortunate, do not be disheartened, you’ve had a little more experience that you can apply to not only the F5 paper next time, but all of the others.

[Kieron]

I’ve not taken any of the P papers but have taken all of the F’s.

Hardest: F9
Easiest: F4/F6

[Kieron]

@aliwright said:
What is the section of the site called ?

Hi there,

It was on one of their technical articles I believe.

[Kieron]

@loumac said:
i like your logic on that one… my logic said that they were all valid which obviously wasn’t correct so i excluded internet usage policy and segregation of duties and just went for “electronic options”

That was almost my thinking, too. I suppose internet usage sounds rather silly now…

[Kieron]

What did everyone go with on the security of data?

I said it was three of the four, excluding segregation of duties. In my mind, the more people that have access, the less safe it is…

That was my logic behind it anyway.

[Kieron]

@nickg2004 said:
I only attributed one years renewal as it would only have had to have been renewed once in 2 years

Once at the end of each year, I read – but I can see your point of view on that one.

Will have to wait for the official answers to go through it, but it’s good to make notes so we can refer back if we need to. Hopefully, none of us will have to!

[Kieron]

@dipatil said:
I put conventional I was between relationship but conventional smiled more at the end 😛

Taken from the ACCA site;

“image and relationship costs: costs that, by their nature, are intangible, for example, the costs of preparing environmental reports.”

That to me reads as though relationship would be right but mine was a guess, anyway.

[Kieron]

Haha, me neither.

Contingent, relationship and a couple of others. I went with relationship.

[Kieron]

@christa316 said:
Was there a full patent cost given?

I can not even remember.. I know i multiplied the renewal cost of 200,000 times 2

The patent cost was $200,000 and cost $500,000 to get the contract started.

I used only two lots of $200,000 as it seemed unfair to assign costs that wouldn’t be related to that product.

The question stated that the company was going to continue making even better shoes, so I figured using all 10 years on just that one product was incorrect. Happy (ish) to be proven wrong, though,

[Kieron]

@dipatil said:
I put the one that was with two…

Same here.

I couldn’t remember the formula but you could work it out, by doubling up all the way to 128, and since 128 and 64 were both in the 2 hours marks, it had to be that one.

[Kieron]

@flapper84 said:
Hi Kieron, I did the same as you for question 1. For the first part we simply had to use the information to calculate how many batches should be used to generate the most profit, my answer was 4 batches because the profit was 14,400.

For part B I answered like you, not linear etc.

I found the paper difficult overall and found there were many questions on systems and non financial performance indicators which I wasn’t prepared for.

I spent so much time perfecting linear programming and pricing using equations only to find there wasn’t a single question on this!

By all accounts this was a tough exam – I wouldn’t be surprised which way it went for me…

It’s good to know that you went for 4 batches, I did also.

It seems crazy, like yourself I’d spent a lot of time working on other areas, specifically the algebra regarding pricing and linear programming… And then a 15 mark question comes up about the Balanced Scorecard, which I’d only skimmed over.

Goes to show you really need to know the syllabus inside and out for F5.

[Kieron]

Question 1 was one of the easiest for me, I think it was just saying that you couldn’t use an algebraic approach because the demand curve wasn’t linear. E.g. on one of the batches, the quantity demanded went up by 1,000 units and the price dropped by $3, whereas previously it had dropped by $2 and yet the same increase in demand happened.

That’s the way I felt about it, anyway. Keen to hear others thoughts.

[Author]

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