FR*** ACCA Paper FR December 2019 Exam was.. Instant Poll and comments ***

It was manageable. I hope I made 50 pass mark

It was fine. It wasn’t bad.

Found it tough but was first exam back after a 7year break!

FR was pretty tough section A - Section B had redeemable preference shares. What did everyone think of that question? Sec C - spent too much time on first question. Ratios - for Gold and Silva Co. Adjust for revaluation on property for silva Co. - then discussion element. 2nd question was consolidated SOFP. With some tricky adjustments. Was pretty rushed due to too much spent on 1st sec C.

Redeemable preference share as liability and expense finance cost to p&l.. bt i miss this one and i guess lose 4 mark there.. was ok didnt finish last part of ratio question.. hpe to make it though

It was hit or miss for me in section A and B. I seemed to have loads of consideration and issuing shares questions. C went well. I had a P&L from trail balance question and ratios following an acquisition. Both quite easy. Surprised I didnt get anything on diluted shares, impairments, cash generated units. Quite a lot off the syllabus wasn’t on the exam

@andygray87 said: It was hit or miss for me in section A and B. I seemed to have loads of consideration and issuing shares questions. C went well. I had a P&L from trail balance question and ratios following an acquisition. Both quite easy. Surprised I didnt get anything on diluted shares, impairments, cash generated units. Quite a lot off the syllabus wasn’t on the exam

Did you get the question in section C with the land and buildings where there was an addition of £16m on 1 April that was included in the “at cost” figure in the TB. How did you deal with this?

Sec A and b was too hard. Lots of gap filling and drag and drop question. Sec C is okay But this time i had faced time management issue, Due of sec a and b. In sec C, i got consolidated p& l and another is basic eps and ratio interpretation. I made a mistake in sec c consolidated P&l , Deducted PURP from sales revenue and not deduct dividend income from P &l statement. What maks i lost for that ? Does defferd consideration every year finace cost are included in consolidated p&l? What are the calculation for loss of associated retained earnings and impairment in consolidated p&l ?

It was a mixed bag but I had a technical issue, with one of section C questions, I had to do a SPLOCI, however on the excel spreadsheet provided I could only view 4 rows at a time. Did anyone else have this issue?

Exam was OK. Section C: first question about ratios and comments on performance of the Rey Co, second question - consolidated profit or loss statement with mid-year acquisition and some tricky adjustments, but nothing impossible. Section A and B were manageable too. Hoping for a comfortable pass (not very high, though).

Section A was was ok, section B leasing was OK, lots of drag and drop questions, also the deferred tax came up. In Section C I had the consonsolidated SOFP, I could not see that the retained earning for the subsidiary at the acquisition was given, so struggled to work out the goodwill in first place. Anyone else had similar issue?

I got the same question. It was a mid year acquisition, i reckon it was october. we were given total profits for that year which we had to multiply with the parent's acquiring percentage, and subtract that amount from the retained earnings at the reporting date. im keeping my fingers crossed!

My issue is time management and practice exercise is not much enough. Section C: First question: 1. calculate basic EPS and restate EPS due to issue bonus right. I don't remember how to calculate the number of shares outstanding when issue bonus. I loss 4 marks in this question. 2. calculate ratio and appraise performance of Rey Co Second question: prepare the consolidate profit and loss with some tricky about currency exchange, lease... I hope I have 50 marks to pass.

Overall the exam wast bad. A lot easier than the mock exams. Spent too much time on the analysis questions:( gold and silver) and had to rush though section A( 15 multiple choice) which were a lot easier than i expected. I however had an issue with the screen as well. I try to adjust it because i was only seeing about 5 lines, ans I couldn't. and scrolling up and down to get information was time consuming.I was suppose to be a split screen and I only had quarter of a screen.

Did anybody get that license and patent question in an MTQ? Where it was asking whether they ll be revalued or not? What was the answerrr?

I think the one that couldnt have its market vakue obtained could not be revalued. I might be wrong.

I got the same questions. Some parts of OTQs were hard but the remaining were Ok. Did you face consolidation questions where they asked about share exchange and deferred consideration?? Lease part was a bit tricky...!!

Really struggled with that one too...My initial thought was to subtract the £16m from the at cost figure then include it from 1 April onwards. Also the depreciation said it was charged 10% on a monthly basis. Overall a very difficult question

yeah, I think brand cannot be revalued but license can

Had the same with the excel! was so annoying! I thought it was meant to be like this, but sounds like a technical issue. I wish I reported this

same dear for restate figures we had to multiply the previous year figure with 3/4 to include the bonus figure to it but it did the question B consolidation perfect but in interpretation it forgot to put the headings and I think conclusion to section A was very hard the lease MCQs was very hard in which advance payments was given even I was doing it right