AA*** ACCA Paper AA March 2019 Exam was.. Instant Poll and comments ***

don't have time to study Just do exam by experienced and logic

First question need a lot of study and complicated.

It could go either way. I would not be surprised at all if I failed... and would only be a little surprised if I passed.

It was a fair exam. If you used your time wisely there was sufficient time to answer all the questions

It was ok, mostly. Comfortable pass I suspect but not super high. Question on auditing the investment company of the client was unexpected, I had no idea on that one. Nor capitalising advertising, although it was possibly not suitable for capex for other reasons anyway.

What about the directors wages - can be set by the finance manager? Could the internal auditor function be by itself an audit risk in case they lack due diligence-experience and independence? Sometimes, I have set two test recommendations in one answer - if one is right and one is wrong, how they would mark it? Thanks for your time

it was FAIR .. the multiples were tricky ! Hope we pass .. All the best

I wrote more at the first attempt and exam was faild with 2 marks. I think there is not OK for the maker, if the student answered more to insure hisself from the possible wrong answers. E.g. - the task was to write only one answer, scored by 1 mark. The questions have options to choice. To write more to get additional marks is the sign for the marker, you are not strong in AA.

Does anyone knows if the AA CBE and paper based is the same exam?

from the sounds of things I don't think it was

@irina23568 said: I wrote more at the first attempt and exam was faild with 2 marks. I think there is not OK for the maker, if the student answered more to insure hisself from the possible wrong answers. E.g. - the task was to write only one answer, scored by 1 mark. The questions have options to choice. To write more to get additional marks is the sign for the marker, you are not strong in AA.

Make sense..Thanks!

I am hoping for the best this time. There is never time to finish ACCA but time strategy is the way forward. I have failed twice 47 and 48. This one again i did not finish as usual and I just hope the answers I wrote is of more quality to give me that 50 that's all I am concerned about at the moment. The MCQ was better than December 2018 diet from my observation but still tricky, that scenario of MCQ I cant deal just more time wasting and the theory was a lot. I hope we all come back to say 'WE PASSED'. All the best Thank you Open Tuition!

All the best all

When are we expecting the result? does any one have an idea..

Did anyone have the MCQ that was something like: Lawyers have said it is probable to lose the court case.The likelihood of having to pay out the courtcase are as follows (for example as I can't remember 100%): 20% chance of paying $100,000 45% chance of paying $200,000 35% chance of paying $50,000 And asked the value of the liability missing in the FS? There was an option of $200,000 (as most likely) or the expected value calculation (using the above $127,500). Is it correct to use the expected value formula here? Stumped me a little in the exam!

I used expected value no idea if it's correct or not!!

Did anyone remember under what items the questions of Substantive Procedures was asked. Thanks

it was a fair exam

@shannonmcnamara said: Did anyone have the MCQ that was something like: Lawyers have said it is probable to lose the court case.The likelihood of having to pay out the courtcase are as follows (for example as I can't remember 100%): 20% chance of paying $100,000 45% chance of paying $200,000 35% chance of paying $50,000 And asked the value of the liability missing in the FS? There was an option of $200,000 (as most likely) or the expected value calculation (using the above $127,500). Is it correct to use the expected value formula here? Stumped me a little in the exam!

An expected value is a long-run average for a repeated outcome - it is not appropriate for a one-off outcome (the amount is "impossible"). Based on this example, the most likely outcome is the best estimate of the liability.

It was good as in for once was able to attempt all the questions.

Hi everyone. Planning on giving AA in June, any tips or ideas on how to tackle this exam.?

@tasbihak said: Hi everyone. Planning on giving AA in June, any tips or ideas on how to tackle this exam.?

Hi, Just study the OT notes and watch their lectures plus have an updated revision kit. This is more than enough. Follow their advise of answering sample exam questions on a timed mode. I took AA just this March. I cannot still say the outcome as the result is not yet out, but the exam is a bit more manageable than the revision kit.

@cindy1228 said: Hi, Just study the OT notes and watch their lectures plus have an updated revision kit. This is more than enough. Follow their advise of answering sample exam questions on a timed mode. I took AA just this March. I cannot still say the outcome as the result is not yet out, but the exam is a bit more manageable than the revision kit.

Hi did you finish the notes and lectures and then started the revision kit?

I just used open tuition and other free online resources. Didn’t bother with a revision kit as I find past papers are enough. My exam was similar to those available via ACCA. My time is usually four weeks of study (watch videos), four weeks revision to better understand the materials (notes & other online resources) and four weeks on practice questions and past papers (as many as I can find).

@afzalr21 said: Hi did you finish the notes and lectures and then started the revision kit?

Hi. I did the lectures first then revised. If there are areas i need to clarify i go back to the notes. Since AA is more of theories and little of calculations, I find this study guide helpful. But i think this is not applicable with subjects which requires computation like FM

Easy but too long but need more practice on past exam papers

the paper was fair, but I still got a bit confused . I hope I gathered enough marks... the class notes were quite helpful, just wished I had spent more time on them.

@tasbihak said: Hi everyone. Planning on giving AA in June, any tips or ideas on how to tackle this exam.?

Take old webinars of ACCA Pakistan, last year June 2018, sept 2018 and dec 2018.. www.vimeo.com/accapakistan From the webinar you will get the idea how to attempt the exam and what areas are important. After that attempt questions from BPP revision kit. Topics you should cover 1) Ethical Threats identification and recommendation. 2) Internal controls deficiencies, test of controls,recommendation by auditor 3) Audit strategy, material misstatement, Substantive procedures 4) Audit Risk, procedures. 5) Subsequent events, Going concern, material uncertainty 6) Audit report (Unqualified, qualified, adverse), KAM, EOM Para.. If you cover these topics, you can easily get 60+ marks.

@shannaqvi said: Take old webinars of ACCA Pakistan, last year June 2018, sept 2018 and dec 2018.. www.vimeo.com/accapakistan From the webinar you will get the idea how to attempt the exam and what areas are important. After that attempt questions from BPP revision kit. Topics you should cover 1) Ethical Threats identification and recommendation. 2) Internal controls deficiencies, test of controls,recommendation by auditor 3) Audit strategy, material misstatement, Substantive procedures 4) Audit Risk, procedures. 5) Subsequent events, Going concern, material uncertainty 6) Audit report (Unqualified, qualified, adverse), KAM, EOM Para.. If you cover these topics, you can easily get 60+ marks.

Thank you so much. Will do so. Good luck for the result.

i have never finish an acca exam. time is not enough