How was your AA exam? Please post your comments below, and vote in the Instant Poll
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AA*** ACCA Paper AA December 2019 Exam was.. Instant Poll and comments ***
pretty easy if you have strong practice
but long as usual so dont have enough time to review answer
Pretty good not bad at all the only thing I'm worried about is i completed the paper 35 minutes early and the others here are talking about how lengthy the paper was, did i go wrong somewhere
do you write long enough answer for audit risk and internal control question ??
Yes! I identified the risks talked about the accounting standard and impact with audit responses I'm seriously worried! Thats enough right?
The paper was ok - everything came up, audit risk, controls, corp gov. substantive testing, reporting! I am nervous about the section a (a bit confusing!) but hoping to get a pass!!
good luck all!
@wigjimin said: Yes! I identified the risks talked about the accounting standard and impact with audit responses I'm seriously worried! Thats enough right?i don't know. every question look so long i think if you don't thinking , only copy and typing answer from somewhere you may have about 35 minutes free
What are the answers of the MCQs? Any Idea?
What was the advice you gave on the audit openion? the last question of Part B
I want to recall the theory questions but I am unable to remember them, Any help on this?
Can anyone recall the answers
1. internal control elements 5
2. Audit risk identification and response 16
3. Control risk identification, recommendation & TOC 15
4. Relationship between Audit strategy & Audit plan 5
5. Analytical procedure on revenue 6
6. Effect of Audit opinion on understating payable by $2,10,000 which is bellow materiality 5
7. How auditor can rely on the continuous stock count work performed by client mark allocation 4
8. Audit documentation & record keeping 3
9. Substantive audit procedure on something 6
10.
I think this is a tough paper, lots to cover in limited time. I managed to answer every question but didn’t have any spare time to review. I am confident that I have done enough to pass, but wouldn’t expect more than 55 marks.
This is my first skills paper where i can safely say i sufficiently attempted 100 out of 100 marks. I’m hoping for a nice score for my last skills paper :)
This is my first attempt of this Paper. I find it hard as it's very long and discursive. Felt confident about my answer but I hope they made sense. Hoping for a consideration from the markers. Hope we all pass.
@henry1acca said: This is my first skills paper where i can safely say i sufficiently attempted 100 out of 100 marks. I’m hoping for a nice score for my last skills paper :)Good for you @henry1acca ! Very confident indeed. You must be the one who was typing so fast on the keyboard and get all the answer just like that :-) Congratulations in advance.
@drkeogh83 said: Good for you @henry1acca ! Very confident indeed. You must be the one who was typing so fast on the keyboard and get all the answer just like that :-) Congratulations in advance.Thanks drkeogh83. This was my second attempt at this paper after failing last attempt at 49 marks. I wouldn’t say i’m the fastest typer in the west but after countless hours studying the answer was there in my mind without a second thought so really hoping for a decent pass. Good luck with your result! I’ve already started studying SBL :)
Hi I think we had a same exam
I think the amount of 210k was material
I suggested accruals for current year if refused by mngt material except for
I had 15 McQs has anyone had the same
Funny this is the last skilled and I answered 100 of 100 first time in my acca to complete a paper 4 minutes before the end of time!
@henry1acca that's nice to hear. Very inspiring revenge after they did not give you the 1 mark. I'm sure you nailed the exams. Congratulations in advance.
@shehzadhussain said: I had 15 McQs has anyone had the sameThere is no more addition sample question, everyone has 15 MCQ
I think the exam was ok. I finished with an hour spare- which worries me.. but I went back and checked I hadn’t missed a question and reviewed my answers. Time will tell I suppose! Last one for me in that level so fingers crossed! Now to get back to enjoying life and Christmas!
@arifjui said: What are the answers of the MCQs? Any Idea? What was the advice you gave on the audit openion? the last question of Part B I want to recall the theory questions but I am unable to remember them, Any help on this? Can anyone recall the answers 1. internal control elements 5 2. Audit risk identification and response 16 3. Control risk identification, recommendation & TOC 15 4. Relationship between Audit strategy & Audit plan 5 5. Analytical procedure on revenue 6 6. Effect of Audit opinion on understating payable by $2,10,000 which is bellow materiality 5 7. How auditor can rely on the continuous stock count work performed by client mark allocation 4 8. Audit documentation & record keeping 3 9. Substantive audit procedure on something 6 10.
@shehzadhussain said: Hi I think we had a same exam I think the amount of 210k was material I suggested accruals for current year if refused by mngt material except for
@shehzadhussain said: Hi I think we had a same exam I think the amount of 210k was material I suggested accruals for current year if refused by mngt material except forhi, yes def it was material!
error
@azadcerm said: 3. KAPLAN TEXT? 4. KAPLAN KIT? 5. ANYTHING ELSE?
That 210k is material, cuz in q it is said that materiality is based on revenue. They said that is not material when PBT is taken as benchmark. So that was material
Not the best but at least I was able to complete the paper.
@azadcerm said: EVERY ONE: What STUDY MATERIALS YOU FOLLOWED? 1. BBP Text 2. Revision KIT? 3. KAPLAN TEXT? 4. KAPLAN KIT? 5. ANYTHING ELSE?-Kaplan text to try under basis understand, and answer MCQ question -but most important is focus on deal question + substantive test (should copy answer from past exam paper and try to remember) + audit risk and response +internal control defficiencies, recommend control and test of control + impact on auditor report + calculate some ratio If should focus on writing question and you will pass easily
Also try to improve typing speed.
Audit answer pretty quite long when compare to F7 and F5
@gavinhenson10 said: Part a was very difficult- think I've let myself down with my answers to this part. What did people write for the substantive analytical procedures in respect to the increase in revenue of $3.2m from 20x5?From what I remember Recaculate and compare sales per key product for 20X4 and 20X5 to identify any significant differences and assess the reasons . Compare sales per store and compare with other stores to identify if there are any slow moving inventory of products. Then I wrote something similar the other too
Thanks for clarification
audit adj was accurals right if mngt dont adjust it would be qualified except for.?
Opinion: qualified except for as the matter is material but not pervasive (if management is reluctant to amend accounts)
when I was writting audit risks and responses suddenly sheet where I was writting disappeared so that I couldn't "redo"....did someone experience like this issue? then I start writting from beginning...for all this procedures I lost about 15-20 min.
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