*** ACCA Paper TX March 2020 Exam was.. Instant Poll and comments ***

I have exactly the same exam, martindeo.
Managed to answer all the questions ahead of time, but you can never know with ACCA :).
Some questions in section A and B were rather difficult for me, but I enjoyed section C (except the part with assets qualifying for capital allowances).
Hope for comfortable pass.

@martindeo said:
Yes there were a few tricky ones in there but on the whole I felt I did pretty well. But as you say – you never know! Hope you achieve the result you’re after 😀

Thanks! Let’s hope we will pass 🙂

For my Sec C I had to find the income tax payable for 1 individual who has employment income and property business income and also dividends income. The Corp tax question I got had to do with losses and loss relief against a 6 months period and another year. For my 10 mark C question it was to calculate tax saving of Simon and Tamara. Sec A and B were quite tricky. Would like to wish everyone together the results they are after. For now let’s celebrate and pat ourselves for getting through all the pressure and sitting for the paper atleast 🙂

Paper was easy as hell but i ran out of time despite having good prepration , i practiced all of mu question on my register even section c questions and i was very quick but in Session cbe section C it was horrible for me ,u can’t go back or next unless you scroll the whole the whole page , editing each cells while doing calculation was horrible , guess i made the mistake of doing practice on my register rather then on my PC , doing section c questions on computer with that tinny little screen is a huge pain in the ass honestly. I could have easily done whole corporation tax question but i ran out of time .ACCA should give us choice of giving cbe or written. I have passed f5 , f4 , f7 in written formats .

@ raganaherath l had the same paper too , it seemed fair BUT with ACCA only results can tell.

All being said , Open Tuition really played a great role in making me understand concepts , whether we fail or pass trust me we are more knowledgeable than we were before.

Many thanks to our lovely Open Tuition Tutor

I felt the paper was fairly passable- unfortunately due to my lack of time management, I may not pass.

Section c – was dividends, corporation tax on elara and the third was income tax where he had commercial property. I should have treated it like residential property but all my adjustments were based on company.

Alas we move on!

Well martindeo..like u said let’s hope for the best.for the capital allowances I think it was a cessation. But how long was the corporation tax period?

Very difficult, I am not why they make it hard.

they should at least give us a choice between cbe and written.

Did you faced the one with husband and wife getting same salary&benefits and all? How’d you answer that

Prior to exam I thought I had enough in bag but was aware I ran out of time studying and didn’t get enough practice in mock exams (ie only did 1)

Unfortunately I also badly managed my exam time and will be very lucky to scrape a pass. I absolutely hated CBE and found the space to work with the huge hard drive and small desk very difficult as well as the individual next to me sledge hammering the key board which was driving me insane. Bring back written all day long…

My biggest regret was that after Section A&B I went straight to the 2nd and 3rd questions in Section C which I am absolutely gutted about as left only 3 minutes to complete the 1st 10 marker and I could have topped full marks on it (maybe). I will be lucky to get even a 1/5 of the available marks on that question.

Wont be great if I have to redo as I could handle new tax Tables but my fear is all the other rules not published. Is it possible that they change as well and if so are there any OT documents that simplifies the changes that are not part of the published rate changes given in exam?

Anyway, I pray and hope and also wish you all the very best come 13th April.

Regards
Craig

Since time restriction seems to be a problem I will say that I think more time should be allocated per mark to section C

I did TX-UK yesterday and PM today (FM tomorrow) and I took
much less time than allocated for section A,
section B took just less than the allocated time
Section C on both exams needed more time per mark.

I think this is mainly because you have to read more information and then it is difficult knowing exactly how much to write to get the marks.
For example if it says (8 marks) then I would want to put 12 things in there in case some of them were not what was looked for.

I think I took 35 minutes for section A on both exams and finished both exams on time (could have done with 10 minutes extra to check answers today though). Doing loads of practice questions for section A makes them faster as there are patterns to what they ask and the way they ask them.

TX paper I found pretty difficult although I probably passed, there is a lot to remember in TX. PM I found easier and less to revise.

I don’t want to take them again! 😀