Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › ACCA SBR exam was – September 2021 Exam – Instant Poll and comments
- This topic has 34 replies, 27 voices, and was last updated 10 months ago by
Prolifickool.
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September 9, 2021 at 10:01 am #635020
opentuition_team
Keymaster- Topics: 1098
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September 9, 2021 at 2:08 pm #635111iraitis
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Hard – really tough! Re-sit planned already
September 9, 2021 at 2:32 pm #635116kedoskill
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Very hard indeed. Started planing for rest December
September 9, 2021 at 2:34 pm #635119kedoskill
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I mean very tough paper and considering the fact this is my first time CBE. Anyway started studying for December diet
September 9, 2021 at 2:58 pm #635128dave341
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- Replies: 16
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I felt I was quite fortunate with the paper I was given – there were minimal calculations to do in section 1. I’d say 80% of the exam was discursive…pretty much every standard came up, even share based payments!
September 9, 2021 at 3:16 pm #635134okmike
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Same as me, I think that knocked me off a bit to see goodwill was to be calculated in just few lines. I think for q1 hopefully I will score half the marks, the fact is all discussions makes prediction really hard. I did attempt all questions, wish I did question 4 first, in my opinion I think that is the easiest and also group accounting for this exam was significantly minimal.
September 9, 2021 at 3:24 pm #635136zahra.s
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Can someone write the questions please….what came up and how was it…the standards tested….and the questions requirements…in a short explaining about the scenario…please
September 9, 2021 at 3:52 pm #635141DEMETRIOS
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I think I found 12,2m goodwill and na I think 70m.i don’t remember the questions
September 9, 2021 at 4:03 pm #635144fiz90
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This exam was strange. The first question for 8 marks was the GW calculation and discussion about how FV method of GW appears in the FS. I think I got a GW figure of $20m with a couple adjustments to Net Assets.
That was the only element of Groups I had. Every other question in Q1 was about other standards. I had no Cashflow, Group structure questions etc, so felt a waste of learning all that! Also, no questions on IAS 19.
Leases and Revenue came up in Q1 and Q3. Bonds came up and the credit loss model. Share Based Payment question came up with the Directors receiving SAR’s and calculating them incorrectly so that needed explaining.
Q2 was weird and I did pretty awful on that. Nothing like the past paper questions whereby you discuss ethical principles from the accountant or Finance persons perspective. This was from one of the owners of the business and it didn’t say if they were ACCA qualified or not.
Overall, a tricky exam with a lot of the syllabus not examined. Q4 had 3 separate questions on APM’s!! They really should broaden the questions to cover more syllabus areas.
I will be very surprised if I pass this.
September 9, 2021 at 4:33 pm #635152andy31
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It was a very hard and unfair structured exam . So many 5 mark questions I had no time to think. The sistem didn’t work well either, I had to reboot.
Too much information and spread across in a haotic way it was too much reading to deliver an answer. Gutted
September 9, 2021 at 4:34 pm #635154andy31
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You can not control the pass rates if you do that.
September 9, 2021 at 4:36 pm #635155andy31
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If they broaden the questions to cover more syllabus areas they will not be able to control the pass rates
September 9, 2021 at 4:37 pm #635156lenapobeda
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It was not clear on what standard we should use. I had to do alot of guessing. I think even for goodwill was only discussion and not calculations, very confusing exam! Felt like its an SBL exam and not SBR ?
September 9, 2021 at 5:19 pm #635166kedoskill
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Very hard started planning for rest december
September 9, 2021 at 6:31 pm #635173Michael
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- Replies: 31
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Hey everybody, how did you all do?
My exam will effectively be marked from 78 marks because I could barely attempt 2 questions (Q2b & Q3a) 🙁
I am fairly confident that I answered the rest of the exam pretty good, certainly got maximum marks on a good few questions.
Just have to hope the examiner though so too 🙂
This is my exam structure and mark allocation:
Q1
(a)
(i) Principles of Equity accounting – 4
(ii) Is equity accounting appropriate – 5
(iii) How to account for associate – 7
(b)
(i) Net assets calculation – 8
(ii) Goodwill on step acquisition – 8Q2
(a)
(i) Treatment of foreign sub HFS – 3
(ii) Ethical issues – 6+2
(b)
(i) Something about selling a drug??? – 5
(ii) Development of drug patent – 4Q3
(a) Three types of leases and how they affect EBITDA, profit before tax and the SFP (really tough!) – 13
(b)
(i) Principles of equity accounting (again!) – 4
(ii) Joint venture – 8Q4
(a) Sustainability – 8+2
(b) Impairment of non-current assets, lawsuits, write-off of raw materials – 11
(c) Share-based payment to CEO – 6September 9, 2021 at 7:54 pm #635193Sharmaarke
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Question 1 was strange and way out of style and that throwed me off the track, question 2 of the ethics was strange too and nothing like the all past paper syles but i feel like the rest of the exam was decent, very little calculation.
at least i attempted all the question and i talked my talk so am just hopeful.
September 10, 2021 at 1:33 am #635213rowe992
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Michael wrote:Hey everybody, how did you all do?
I got the exact exam and I ran out of time having not even attempt the 13 marks question. The paper was very wordy for me and a lot of time required to read questions then answer. IDK about this paper tbh so I hope I can manage to get 50 🙁
September 10, 2021 at 5:27 am #635219singa31
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After exam, I thought I am the only one who messed up this SBR paper but it seems like everyone feels it was quite hard. No chance at all and I am looking forward to next sitting
September 10, 2021 at 9:29 am #635256Michael
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Yeah, that 13 marker sent me into a spin! I was already reeling from the second part of Q2, something about a drug patent or whatever. Then a barage of info about leases and what effect they have on EBITDA? WHAT? Who cares??? 🙂
I just scribbled down some theory and got the hell out of there. If I fail, it will be because of that Q and I’ll feel very hard done bySeptember 10, 2021 at 9:46 am #635262al87987
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Same questions as yourself Michael.
Pretty similar reaction to it too.
The 13 marker on leases was really tough, I stared at it for 15 minutes, gave up and swung back around for a few attempt marks at the end.
I was really surprised at the lack of calculations needed throughout the exam and a couple of questions that seemed to be repeating themselves (equity accounting).
If I pass it will be because of a well answered question 2.
I thought question 4 wasn’t too bad either but I struggled with Q1/3.
Best of luck to all.
September 10, 2021 at 10:28 am #635267dave341
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Yup that question was a toughy…and I use IFRS 16 in my day job!
I literally talked about how IFRS 16 allows you to capitalise the assets whereas FRS 102 requires the rental payments to be expensed…Essentially IFRS 16 improves EBITDA due to depreciation and interest rather than additional overheads.
I was literally talking out of my back side for 25 minutes…
September 10, 2021 at 11:43 am #635278aranhuseyin
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I completely agree on the equity accounting part. Question 1 asks why its correct that its been accounted for as an associate and the principals behind equity accounting. Then question 3 basically asked the same thing again. Asking you how you account for an associate. That would’ve formed part of the part 1 answer so I didn’t understand how much more you could write without repeating yourself.
Not a single consolidated cash flow question was extremely disappointing given how big a topic it is in the syllabus and no doubt many people would’ve spent a lot of time learning how to do them.
September 10, 2021 at 4:15 pm #635325rashard
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I got exactly these same questions.. Did the first question well.. The remaining 3 questions were disaster. Couldn’t even understand what standard those questions were taken from. Expected IAS 36, IAS 37, IFRS 13, IFRS 8 and all. Nothing came.. I’m 100% sure I’ll need to resit.
September 11, 2021 at 12:58 am #635451ngocnguyen6397
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My set of questions is quite strange. The question 1 only included a GW calculation with 8 marks. It is the only consolidation aspect tested. The remaining looked like a question 3 rather than question 1.
The ethics question make me confused. There is little things relating to accounting perspective. It is more relating to business aspect.
The question 4 is mainly about Additional performance measures, I thought I was resitting APM exam lolSeptember 11, 2021 at 7:58 am #635482shahidshams
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My exam got rescheduled to 13th due to technical issues. Any advices please. Any specific topic I should concentrate?
September 11, 2021 at 2:25 pm #635524fiz90
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APM’s, Leases, Revenue
September 11, 2021 at 9:34 pm #635543teecee
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hello, so sorry that you had to reboot during the exam. I hope you already made a complain about system failure via MYACCA complain and mitigate so and so. at least ACCA knows and hope that would help to secure the pass marks to clear the paper.
September 12, 2021 at 1:56 pm #635584shahidshams
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I couldn’t complete my exam. I’m retaking it tomorrow. Thankyou for your kind gesture.
September 12, 2021 at 4:49 pm #635597unghtimeng
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Hey guys,
How did you accounted for the question that ask for the loan that you have received without interest and specific repayment date??
September 13, 2021 at 8:17 am #635453miraji
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- Replies: 14
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The exam was a dissaster for me, failure again.
These twisty ways of examiners spinning the question design for sbr exams, its a gold medal for the question setters;
but at huge money expense for me, I have failed sbr several times over several years, its beyond a joke,
I have all the knowledge of the sbr syllabus, but I just can not show it in this sbr too time pressurized exam, with lengthy reading narrative in the questions.
I used to get sbr failures at nearly 40% prior to CBE, i.e. in the paper mode sbr exams.
Now with compulsory CBE for UK sbr, I am stuffed, as all this Typing has made my attempts at sbr even worse, as I can not manage even to achieve 30% due to my slow typing speed.
ACCA Please give students the option to do paper exams again in the UK, I am middle age and can’t type fast. This only CBE option has made it virtually impossible for me to complete ACCA via CBE, I am still trying to clear 2 papers necessary to complete my ACCA exams, but am on the point of giving up.
Retaking the sbr CBE, time and again with failure results is a sign of madness. I am pondering, what is the point, and contemplating giving up ACCA all together.
These exams seam to be testing some kind of warp Speed exam hurdle, Not exams for training Real Life Accountants,
after all, real life accountants use books and internet for reference to arrive at their advice to answer clients needs to accounting problems, with due time These ACCA sbr and advance audit CBE are beyond impossible.
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