[Yana]

Passed with 54%, first attempt, together with re-sitting AAA – passed with 50% after failing in December with 45%
So relieved 🙂 I am now an affiliate! no more exams!

[Yana]

After failing with 45% in December, passed with 50% in March together with ATX 54%
Now affiliate 🙂 so relieved! No more exams!

[Yana]

50% – it is still a pass 🙂 two exams to go

[Yana]

I agree that Q1 was fairly easy, and was looking for some hidden tricks and I just cannot believe that I forgot to include the Investment in Associated in Q1.

I got stuck on the question related to costs of the firm. Was confused on what I shall start with and applied IFRS 15 which I think was absolutely wrong.

[Yana]

Second attempt. Failed with 47%. Very disappointed.

[Yana]

I think I messed up with section C, 10 mark question, which I got stuck with. It was about income tax that should be saved on shares and income tax that should be paid on the remaining amount after gift and calculation of the chargeable gain. I was absolutely fine with solving these type of questions during my practice, but this time I chose the wrong %-ge, instead of taking 45% a chose 38.1% as for dividends. I still cannot believe I did that, I got it all wrong 🙁
Another problem with the question 10 was that the area for answer was so tiny so I couldn’t see the structured answer. I think if I could see it properly, I would spot the mistake.

I also got frozen on the 15 mark question, first part with the losses.
So I think I lost at least 16 marks.
Everything else in part C was easy.
Can anyone remember if it was asked in one of the questions to calculate CT? I remember that I had only calculation of TTP. Could it be that they didn’t include it in this exam, by having only TTP calculation? Also I hardly had any questions on VAT.

Part A and B was ok.
I hope I did enough to get at least 50%

It will be very disappointing if I didn’t pass

[Yana]

Marco thanks a lot for you reply I didn’t spot that the rate was given as 6 month.

[Yana]

I feel like I fail again. 6th time!!! I went for CBE option and it was total disaster. Don’t think I made the right decision doing that. I felt lost between the computer screen and the scrap paper, also wording of the questions were not straight forward for me and I had to guess what the examiner wants and vise versa when question was clear the answers sounded misleading, also want to mention that the space on the desk was limited. When you are nervous these things matter.

With the questions where they specify how the answer should be rounded up, i.e. the one about TREP they stated that it should be rounded up to 2 dp and after my calculations when I got exact figure something like $9.8 it looked that this answer is wrong, first of all because computer didn’t accept this figure and I ended up guessing (again there were no options to choose from, answer had to be typed in)

The money market hedge question led me to nowhere because I couldn’t arrive to the listed options. I know this topic very well and I don’t understand where I was wrong. I had an answer close to $205,… which wasn’t there at all. Again ended up guessing, and as far as I can see in the above posts I made wrong guess …

I found part C easy for me, and I probably could get full marks for them if I didn’t spent so much time playing around MCQs. In those questions I completed the calculations but didn’t have a chance to write theoretical part of them. I wrote only about capital rationing.
There were some other questions which I cannot recall at the moment.
But well, I can already predict the result.

[Yana]

Great news 🙂

[Yana]

Well, now, by looking at the answers I am 100% sure I will have to resit F9 🙁

[Yana]

Abdul, ass far as I remember there was 90% learning rate for the first 1000 units which wasn’t taken originally into account.
That is why I calculated the time for the 1000th unit and used it in calculation of planning and operating variance.
But again I am not sure whether it was the correct way of doing it.

[Yana]

Can anyone remember Q about labour efficiency planning and operating variances?
I think I messed up…

I calculated production time for the 1000th unit and used it as revised time … it was 2.08 hrs

[Yana]

I calculated $ 20,080,250 too. I probably did not read question properly 🙁

[Yana]

I understood,
We can’t invest more than $400,000 (amount available)
All other combinations came to total more than $400,000.

Thanks a lot 🙂

[Yana]

limited capital was $400,000

[Yana]

Maybe I had to take only those combinations that have total outlay up-to $400,000?
The maximum amount available is $400,000

[Yana]

Thanks, John 🙂

[Yana]

After reading all your comment I think I should get ready to sit F5 again in June.
I messed most of the calculations in part B … 🙁 (very upset)
Anyway will start studying F9.
Good luck to all.

[Yana]

Thanks a lot, John 🙂

[Yana]

What I get is:

Labour Efficiency Variance

Shd be 5400
Actual 5670
270(A) x $10 = $2700

Exstra Idle Time Variance

Shd be (6000 x 5%) 300 hrs
Actual 330 hrs
30 hrs (A) x $10 = $300

Thanks, Yana.

[Yana]

Self Study … 51%

[Yana]

Oh I think I made huge mistake by calculating it other way around …

shares share premium
beg-g of the yr 48000

right issue 2/5 8000 11200

year end 56000

56000/7=8000
8000/0.25=32000 * 0.35 = 11200
And so I calculated the dividends also wrong
I don’t remember other figures
I got it all wrong ((
will come back in December

[Author]

Posts