• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

*** December 2022 ACCA AAA exam – Instant Poll and comments ***

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › *** December 2022 ACCA AAA exam – Instant Poll and comments ***

  • This topic has 37 replies, 26 voices, and was last updated 2 years ago by tosino.
Viewing 14 posts - 26 through 39 (of 39 total)
← 1 2
  • Author
    Posts
  • December 6, 2022 at 5:24 pm #673694
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 5
    • ☆

    Goodwill came in Q1 procedures . Doing International variant not UK

    December 6, 2022 at 7:15 pm #673541
    chelseajade05
    Participant
    • Topics: 0
    • Replies: 4
    • ☆

    I had technical issues sitting remotely so was unable to sit the exam 🙁 hoping I can book for next week!!

    December 7, 2022 at 1:29 am #673804
    Nabigh
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    What all did you guys wrote in ROMMs? I didn’t found much to be honest. My friends too complaint about the same issue.

    What was the issue with the artwork capitalisation issue???

    And what all ponits did you pointed out in audit report questions?

    December 7, 2022 at 9:07 pm #673906
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 5
    • ☆

    If I am correct as I remember the issue with artwork PPE was used to the revaluation model and charged to profit/loss . This is to boost profit as it has no sales and profits .. it came to my mind how they revalue PPE if this not generating sales and revenue. I appreciate any one had the same Exam to share his thought . Tx

    December 8, 2022 at 9:33 am #673867
    tosino
    Participant
    • Topics: 0
    • Replies: 7
    • ☆

    My paper was:

    1: home appliances company
    Business risks
    ROMM
    Audit procedures
    Role of audit committee in regards to external audit

    2:
    Pensions
    Ethics and professional issue

    3: Faraday co
    Quality management
    Ethics and professional issues

    December 8, 2022 at 9:56 am #673949
    Kykolo94
    Participant
    • Topics: 0
    • Replies: 36
    • ☆

    tosino wrote:My paper was:

    I had the same variant as you

    Was quite surprised that Q2 and Q3 had ethics and professional issues inside, the accounting on the other hand was quite difficult with Q1 being groups consol and Q2 pensions.

    Also wasn’t sure if the audit committee question was general theory

    December 8, 2022 at 12:21 pm #673956
    mombs
    Participant
    • Topics: 0
    • Replies: 2
    • ☆

    which Revision kit do you recommend Kaplan or BPP if you use Open tuition notes? My first attempt for AAA is March 2023.

    December 8, 2022 at 12:23 pm #673957
    mombs
    Participant
    • Topics: 0
    • Replies: 2
    • ☆

    Which Revision kit do you recommend Kaplan or BPP if you use Open tuition notes? My first attempt for AAA is March 2023.

    December 8, 2022 at 5:54 pm #673988
    yptheboss
    Member
    • Topics: 10
    • Replies: 6
    • ☆

    Hello, i also had this question. Do you remember what the artwork was? Was it a building or land or brand??

    I personally think i messed up on this part. Not capitalising it as you stated was the correct answer imo.

    December 8, 2022 at 6:35 pm #673995
    yptheboss
    Member
    • Topics: 10
    • Replies: 6
    • ☆

    Hello, i also had this question. Do you remember what the artwork was? Was it a building or land or brand?? There was no determined use for same??

    I personally think i messed up on this part. Not capitalising it as you stated was the correct answer imo.

    December 10, 2022 at 5:26 pm #674192
    Shivanisingh0172
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    There was procedures for goodwill calculation on acquisition
    Expansion was through two subs. One was planned to happen one month before reporting date.
    There was a portion on advertisement and refurbishment cost
    Fees paid for consultancy services offered by the previous cfo
    New NED
    Marketing brand and refurbishment of stores
    Loan for refurbishment
    Also the revenue and profit projections were 50%+ higher than previous year
    Also data analytics- There were claims that couldn’t cross 1500, the ones that did had to be authorised. There was one outlier Someone was making travel claims for 1488 or something
    Also materiality was on revenue but because of unusual increase in profit and revenue we should take it as PBT right?
    advertising was put as intangible assets
    You can make a point on overstated profits and revenue Using analytical procedures

    December 11, 2022 at 3:09 pm #674280
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 5
    • ☆

    Shivanisingh0172 wrote:There was procedures for goodwill calculation on acquisition
    Expansion was through two subs. One was planned to happen one month before reporting date.<br>There was a portion on advertisement and refurbishment cost<br>Fees paid for consultancy services offered by the previous cfo<br>New NED<br>Marketing brand and refurbishment of stores<br>Loan for refurbishment<br>Also the revenue and profit projections were 50%+ higher than previous year<br>Also data analytics- There were claims that couldn’t cross 1500, the ones that did had to be authorised. There was one outlier Someone was making travel claims for 1488 or something<br>Also materiality was on revenue but because of unusual increase in profit and revenue we should take it as PBT right?<br>advertising was put as intangible assets<br>You can make a point on overstated profits and revenue Using analytical procedures

    I have done same version how do you the exam in general . Is it difficult? I see it too difficult despite I did many mocks

    December 11, 2022 at 3:20 pm #674284
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 5
    • ☆

    yptheboss wrote:Hello, i also had this question. Do you remember what the artwork was? Was it a building or land or brand?? There was no determined use for same??

    I remember if I am correct it was talking about automotive manufacturing and Artwork was to produce it with low sales ? Please anyone remember to correct us

    December 20, 2022 at 9:07 pm #675000
    tosino
    Participant
    • Topics: 0
    • Replies: 7
    • ☆

    I said that artwork shouldn’t be capitalised as PPE since it’s not part of the running of the business (car sales business) , it’s probably just a fixture and no deprecation is needed. Should be reclassified out of PPE, also said audit partner should know this and allowing this misclassification is wrong and should be rotated off audit as he’s been the partner for over 7 years and should be go for training

  • Author
    Posts
Viewing 14 posts - 26 through 39 (of 39 total)
← 1 2
  • The topic ‘*** December 2022 ACCA AAA exam – Instant Poll and comments ***’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • manahylilyas on The financial management environment – ACCA Financial Management (FM)
  • poojam on Objective of financial reporting – ACCA Financial Reporting (FR)
  • mm3677 on IAS 16 Accounting for a revaluation – CIMA F1 Financial Reporting
  • Anastesia123 on MA Chapter 1 Questions Accounting for Management
  • John Moffat on MA Chapter 26 Questions Variance Analysis

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in