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Just in from sitting FA and passed, by the grace of God. Tough! is how I would sum up this CBE. Don’t underestimate this one people. Prepare!! Lots of questions on depreciation, but note the format of the questions is very different to those in both the revision kits and the ACCA practice papers. Make sure you revise IAS 37 thoroughly; it’s a shame to miss out on these easy two mark questions.
The ACCA is really making students flex their knowledge…and their minds!:o(
The exam should be a breeze if you did FA1 and FA2, which is what I did.
I passed with 88%. The exam was pretty straightforward apart from one MTQ about company accounts which wasn’t very straightforward.Congratulations! You’ve given me a little hope there saying it should be easy for someone that has completed fa1 and fa2- I have also passed them, this is my last fia exam due in December and I’m really worried. Can you tell me which topic was major and for numerical questions did you had to manually write the amount or did you had to select from provided options (multiple choice)?
Was this also your last fia exam?Thank you 🙂 I had to manually enter values for some of the questions, and as for which topic was major, this is anybody’s guess really, I would advice against selective revision as the paper tends to test anything and everything at random, but for me I had a quite a few questions from depreciation and suspense accounts. They were easy just took a bit of thinking to do. I’ve got FAB and FMA left in my FIA course.
Thank you. People tend to say fma is more difficult than fab but I struggled more with fab as I hate learning theory. I passed both first time tho. Majority of my fma exam was budgeting including the big last questions, variance analysis, reconciliation of actual profit with budgeted, and lots of overheads and costing and some ratios. For fab exam majority was ethics and economic factors but wording was confusing.
Same here, learning theory is just tedious, although I am finding the topics interesting for eg I was studying micro-macro economics and I ended getting distracted so much just looking up more info on these topics on the internet, I plan to sit for FMA and fab end of November, hopefully I can complete the coursework and practice enough, I did ma1 and MA2 so budgeting/standard costing are what’s new to me.
Passed!!! Scored 92% on first attempt. Big thanks to Opentuition and John Moffat
Wow well done for scoring so high! May I get your feedback on the exam? Was it difficult? What was the main topic? Congrats once again!
Thank you namah1
I will be honest … I have more than 11 years of practical accounting experience, so this exam was not difficult at all.
6 weeks of preparation (self study – only opentuition and BPP revision kit)
1-5 week watching all opentuition lectures (and read all notes) twice
week 6 reviews, checks, revisions (answers all questions from BPP revision kit)For the exam – I think that the whole material was covered (there were questions from almost every topic). For me, questions with calculations are my favored and I am sure that the eight points that I have lost surely refer to questions with no calculations (section A). In the second part (section B), one of the questions was about consolidated report, while the second was about SOFP and SOPL (I expected Cash Flow – also my favored topic but there wasn’t).
Thank you : ) I’m sure your 11 years of experience helped a lot! I guess the whole course will be for you a piece of cake! This is my last fia exam so I’m also familiar with the subject but I only have bookkeeping experience and not much accounting- only just started doing management accounts and month end… I prefer calculations over theory too. We’ll see as I have my exam next month. Thank you again and well done!
Just finished the FA exam today, 6th December. Passed with 78% 🙂
I would say it was harder than I expected. (Definitely don’t compare it with the practice exam on the website!) There was a girl who walked out within 30 mins of the exam starting haha!
But yeah, try lots of practice questions n familiarise yourself with the T accounts as I kind of had to use them for almost all the questions! I guess ACCA is setting up the standard right from the very beginning!Well done on passing your test! When you say don’t compare the test with the one you can practice online, do you mean the actual test was much more difficult ( they usually are, but you got me worried now)? Can you tell me what was the subject for your last two questions? I guess it can be either cash flows, balance sheet/P&L/ TB, consolidated statement or ratios?
My exam is due next Friday.
Well done again : )Hi,
Yes I meant to say it was much harder! Much! I practiced a lot of questions from BPP, Kaplan and also the Opentuition tests, but the real one seemed harder. Maybe I was nervous myself, but it definitely seemed harder to me!
The last 2 questions were on Consolidated SOFP and P&L, and then the other one was the Balance sheet, with a mix of Cash flows. Like imagine a question where you have the SOFP for 2 consecutive years and then Bank transactions for the year and you use the information to fill out missing details. I flipped out in the beginning but if you calm down and think about it, it is solvable!
And also looot of questions on Revaluations, Disposals etc. Just remember your concepts and focus on recalling those when needed. 🙂
All the very best for your exam! 🙂Just an update, I have passed today first time. The exam wasn’t that difficult although some questions were tricky. I had both- consolidated statement (calculation of goodwill etc- investment cost calculated from shares) and cash flow statement ( to give figure from each transaction appearing on the cash flow) plus few ratios. I will be happy to help or answer any questions. All the best everyone, and of course a BIG thank you to John and Opentuition for your excellent lecture notes and videos. John Moffat you’re my guru! : ) I will make a donation as a thank you gift.
Sat and passed this exam on Wednesday. Thanks Opentutition and best of luck to everyone sitting it. There’s a good mix in the exam, take your time and carefully read the questions. It covers everything, consolidated SOFP and consolidated SPL to depreciation, regulatory guidelines, ROCE. I do have one question which completely stumped me during the exam on reducing balance depreciation, i just couldnt match my answer to any of the four available. I was hoping for some guidance on the answer if its ok to put the question up on here? Thanks, Narissa.
Hi narissac email me question and I will try to see if I can figure out the right answer jpenpeska@yahoo.co.uk
I’ve just passed my FA exam (83%) with solely following opentuition lectures + additional study material (BPP textbook & revision kit) and proof to be way better way of preparing for this exam that previously using a traditional and costly tuition provider which didn’t live up to the expectations at all. Thank you John & OpenTuition team.
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