[Yando]

That time of the year again.

Here is something for you to laugh at. In the 2020 December sitting I sat for AAA and APM as my last papers. Am the kind of person that mostly have dreams about my results prior to the results being announced. Back in the days my dreams were so precise that I would even know the percentages I would get (but that is before I found tougher stuff in the professional stage). So in the last Dec 2020 sitting I dreamt that 2 dogs that looked exactly the same were chasing me, I ran and found 2 trees that looked exactly the same and I had trouble to choose which one to climb… Dream cut short I found refuge in some 2 shelters that looked the same. When my results came out, I got the same marks in the 2 papers, sadly I failed by 2 marks in each exam. I was ONLY 4 marks away from graduating. You cannot believe the anguish, pain and agony that I went through considering I put all my effort. I got calls from ACCA twice to encourage me but its the least I need at that time (Anyway, am now over it….). Now I have 3 more because another one expired. I hope before this year end I will be one of those celebrating because I will not give up!! I wrote AAA in March sitting and am hoping I passed because this time I successfully managed to jump some sort of trench in my dream. Wish me luck guys, I know a lot of you also dream, its normal to dream because we get so anxious.

All the best in advance as you wait for your results especially if you are anticipating this to be your end of ACCA!!

[Yando]

Its easy to conclude from the comments of September 2020 exams that the number of people doubting the fairness of how ACCA exams are marked lately is increasing. I hope ACCA is able to read comments

[Yando]

I feel odd that I calculated EVA in question 1. Did anyone calculate it too? I think the only way R&D costs, etc could be considered was by calculating EVA which is a modified RI. So I evaluated using ROI (all divisions were above industry average), I evaluated using the RI and also using EVA (which included lots of calculations as I had to adjust the NOPAT and the CE). My calculations were full of errors but I hope my reasoning can attract marks.

[Yando]

I assessed the method which Selite** (whatever the name) used against the Benchmarking Process.. My conclusion was that the process was fine except that the KPIs identified did not respond to the CSFs except for one..

[Yando]

I had Modified (material misstatement), not modified (immaterial misstatement) and Modified (for luck of disclosure of contingent per IFRS requirement).. In that order 🙂

[Yando]

Overall good paper, however, if you did not have time pressure then you should be worried about the quality of your answers. I managed to cover about 85% of the paper and am confident of a pass

[Yando]

Mmmm some marks are fabricated here lol. Sadly for me I failed terribly. I must learn how to answer P level exams.

[Yando]

53% on second attempt. First was 46%

[Yando]

It hit me left, right and centre… 43

[Yando]

Hi Springtime,

You are welcome.

The case in your country on Tax papers is the same as mine. Even if the UK tax is not relevant in your country, for the purpose of completing your ACCA you can still do it. I must assume that you already did the tax relevant to your country hence being awarded F6. When I look at the syllabus for P6 and that of the advanced tax paper which I wrote in my country inorder to be awarded F6, I honestly do not see much of a difference and this gives me the motivation that I can do P6 without much challenges. It looks much more like if I took P6, I will kind of be repeating most of the same things I did in our local advanced tax paper.

Yes find out more about the P6 option, might just be a better choice.

[Yando]

Hi Springtime,

Sorry I meant career and not carrier (my bad)!!!

Yea its a matter of opinion on the career thing. The reason I said career is what should drive the decision is because for example if you want to do an MBA in Finance or Msc in Finance after ACCA, you will get exemptions if you did P4.

That being the case, In my opinion, I would advise you to do the paper whose foundation paper (F8 & F9) you got the highest marks or the one that you understood the most or the one that gave you the most motivation(I think you could also look at it from that way). Somehow I have heard most people saying that P7 is challenging, but I think it is easier than P4. If your question had included P6, then I would have recommended P6 because it has a better pass rate as compared to the 2. I have heard many people who want to graduate ACCA quickly taking P6 (even those outside the UK).

All the best in your studies.

[Yando]

Hi springtime,

I have not sat for any of the subjects you have mentioned but I have chosen both as my options

At this stage I am strongly convinced that the decision must be driven by our carrier path rather than which one is simple. Both are tough but comparing the past pass rates it appears that P7 is slightly challenging. You have come this far and really I don’t see the reason why you must dread any of your remaining subjects.

Maybe, share with me the carrier you would want to take after completing ACCA then I can share more advice.

Thanks

[Yando]

I found question 3b to be the simplest because it could be generally answered from any ideas that make sense.
I talked of:
1. after sale service
2. A website that meets the 6Is criteria
3. I talked about promotions and advertisements
4. I talked about gifts to customers such as pens, calenders etc
5. I talked about “Know your client”. I have seen this working in the banks and other companies were they really get to know their clients.
6. I talked about inviting clients or prospect clients to annual balls as long as the benefit outweighs the cost
7. I talked about sending newsletters to clients and would be clients etc

I will put my foot here!!! we were not asked to use any specific model here.

[Yando]

we are yet to write. too bad you have a fever, please get well soon. I am not too well but I will write.

[Yando]

John Moffat,

Thanks alot for the lectures. I was able to apply most of the principles which I learned from you.
Will wait for the results.

Kudos to you

[Yando]

<cite> @kriselda said:</cite>
it says that for every share 1000 shares it acquired issued 100 loan note he has acq. 20000×75% x 2/5 as it stated in the beginning that for every 2 shares it acq from subs he issued 5. anyway wish you good luck

Yea I somehow think it was the correct treatment. Where did we go wrong?

[Yando]

<cite> @batman1993026 said:</cite>
Messed up the G’will calculation by the sounds of what everyone got!

Consideration: 12,000
Loan Notes: 1500
NCI : 6000
_____
19500
Less:
Share Cap (20,000)
Pre Acq ear’ (2000)
FV Adj 3000
_____

G’will 500

Hopefully should receive some marks from that!

This is what I did too..

[Yando]

Makes me feel very dull.

[Yando]

Great

[Yando]

John,

I am getting the following answers using money market for the same question as above on the three months forward.
Borrow: 79218 USD
Convert: 46218 pounds
Invest: 47316 pounds
Could it be the same mistake as above? i.e. the mistake on netting off of the receipt and the payment?

Thanks

[Author]

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