AAA*** ACCA AAA September 2018 Exam Results ***

Cleared AAA with the help of open tuition lectures and BPP text book and revision kit. Open tuition has been an invaluable resource and my heartfelt thanks to all the lecturers. I have 2 more papers to go before I complete the course. Mainly because of Open Tuition and BPP, except one paper, I have passed all the others in first attempt. Again thanks to every one in open tuition. Hard work does pay off. God bless.

I would like to feel like you because of open tuition

Those who passed, kindly advise on your success formula ?

Hello, I need your advice, which exam kit publisher is easier? BPP or Kaplan? Thank you

It was very hard

Got 59% and Now an ACCA Affiliate. I thank God for Open Tuition. You made my Self Studies easy.

Sorry Raoul your technique doesn't work with the examiner ""I suggest all those complaining read Robertoh posts. Seems like virtually the only person on here who had the right technique and used it. Fact is I haven’t seen the exam but have just written an answer to Q1 that will get 25 marks minimum. Based only on what requirements say. So if I can do that without reading a single word of the scenario that is apparently too long, why isn’t every student doing it too? Having poor exam technique is not the examiner’s fault and if you keep blaming everyone else you will never improve."" Here is the examiner report Sep 2018 for particularly SPECULATIVE RISK POINT : Another common mistake candidates made on this requirement was to spend a lot of time discussing speculative risks which generally do not obtain credit. The fact that a company is multinational with many subsidiaries does not automatically result in a key audit risk regarding the inability of the company to know how to perform a consolidation, or to account for foreign currency. The fact that this is not a new client and the audit engagement partner did not raise any concerns in this regard past should be taken as a sign that these are things are not key issues. Candidates should instead focus on the details given in the scenario that the engagement partner thought relevant to highlight. In this case, the acquisition of a new subsidiary and the risks arising from what is a significant non-routine transaction, the significant spend during the year on research and development which has been capitalised, and the fact that management does not believe there is any impairment of assets despite falling revenues. Recent past question answers illustrate the sort of risks which are considered relevant to the accompanying scenarios. Speculative risks do not attract credit in the examination and it is surprising that candidates chose to evaluate such risks when there were so many specific risks contained within the scenario. This session it was disappointing how many candidates opened with speculative risks such as failure to cancel intercompany balances, failure to account for day-to-day foreign currency transactions, and the control risk arising from international subsidiaries. Candidates would score better if they were to prioritise risks in their planning and to focus on the ones described in detail by the examiner in the scenario rather than reproducing a rote learnt list of general points which do not demonstrate any application of knowledge to the scenario itself

the examiner dont give any credit for general risks not specific for the scenario It is not as RAOUL said to gain at minimum 5 risk * 2 marks = 10 marks without reading a word in the scenario AGAIN NO MARKS FOR SPECULATIVE RISK = GENERAL RISKS = UNSPECIFIC TO THE SCENARIO= WROTE LEARNT RISKS = TEMPLATE RISKS = TYPICAL RISKS