FA*** F3 June 2013 Exam was.. Post your comments ***

FFA Exam today was neither easy nor hard. I hope will pass in this exam. I feel speed is very important. In limited time we have to attempt all questions. Good luck to all students.

it was hard faild to compherend most of the questions

my calculator did not function.. so i need to calculate everything manually

I reached number 46. couldn't finish time ran out.

Hard - I wasn't prepared well enough for this and coped badly with the time constraints, although its worth saying that the examiners didn't exactly help make it any easier............. First, there were a very high proportion of questions specific to the content of the IAS provisions or asked within reference to an IAS provision.I mean, I know they're important............ but they really went for it...... at least twice as many of them than in any of the mock exams. Second the first ten or 15 questions had a higher average level of complexity than thelater stages of the paper, which was very unsettling (I didn't recover compure too well). These guys know how to prey on the weak haha Additional categories which seemed prominent were equity, and Parent & subsidiary and depreciation which I did ok on. There was also a receivables question which drove me mad!!! I understand the method but they always make these questions difficult to interpret (no 6 or 7).....if anyone knows the answer it would be good to know? I will be doing this one again in December I'm sure but it's not the end of the world not the end of the world

Can anyone give me some tips what majority of the questions came from?Monday is my exam (computer base),I am bit nervous.Please....

There were many questions on consolidation, specifically about adjustment within related parties.

The time was too short because you have to calculate a lot and there was not enough time to think.

this was a disaster time was too short, one of the time I found myself just circling questions without even reading. hopefully i get some of what i circle correct. i dont know what they were thinking of when setting this paper, my goodness. cant believe it

the time was too short. there was not time to even think. acca is making these questions difficult because most of the answers are similar and confusing. hmmm................. God help us

in terms of difficulty cant say it was very hard but time was rough and tough and no friend of mine. I do hope i passed. just cant take a fail right now. thanks open tuition for all your help

i would frankly admit that I have never written any exam like this in my entire life. The questions werent that bad...the examiner took her time to test the latter part of the syllabus, most importantly the IASs and some key accounting policies. Time was the major limiting factor, the questions needed a great deal of analysis and critical reasoning as well as applications to scenarios and trying to figure out what is applicable to the particular scenario in question. By the time you're done with the analyses you just discover time is far spent. For you guys writing computer based I really dont think it should be as tough and as time consuming. I really cant assess my performance on this but I hope it comes out well at the end. Goodluck peeps.

1st 25 question takes 1.30hors then .............

sincerely felt bad about how this exam turned out....not good at all. Made me feel i didnt know jack. Too much concentration on certain topics...this type of questions shouldnt be accessed in a knowledge based exam....definitely too technical. It'll take a miracle for this to turn out well for me.

The exam was about consolidation and provisions :) I have really shocked with consolidation questions, or it was my weak side I couldn't be aware. Still I can't find sth stating market value of shares after acquisitions and how it has affect on goodwill on group account.. Anyway, for whom who wishes to go with F3 I kindly advise to learn by heart all specified IAS standards, not rely on only reading referenced books for preparation.

none of the questions were similar to any of the past papers OR from the BBP study book. i did 300+ past exam including 2013 study book exam questions and I could answer only 15 questions confidently, and there were 1 hour left ! this is crazy. i will go switch to australia CPA exam.

Thank-you opentution!!!! You lectures were the reason I passed! I depended solely on ur lectures! i cannot thank the teachers at opentution enough... keep up the good Work guys :)

Then I see F2 swallowing people then coz its gross in calculations.cost accounting need three times as much preparation

Hey guys wanted to ask if u watch lectures and study bpp is there a hogh possibility i will pass

Well I've got nothing to say but "time" being the limiting factor... It's crazy how I failed June and Dec 2012. Didn't try at this time. Giving myself time to be ready in Dec 2013

Time wasn't enough. where i sat from in Uganda, every one was moaning of time and the questions weren't easy. I mastered consolidation question of all the BPP kit but the examiner may be didn't want us to pass. He just kept twisting the questions. May be BPP should set complicated questions for revision than straight forward questions. Guys do u remember the one of the consolidated qn of finding the Consideration Valve when ur not given a good will figure. i struggled with it. In the end, i did closed my eyes and chose a answer.

The exam was great!!! All questions were in the same format with the mock questions I had practiced. I had time to finish and revised up to No. 20, before the papers were collected.

I Agree! As most of you have said, I find the same the time been too short for this paper, especially when we do computer base exams, I found very much difficult with long paragraph type question to read, understand and pick the values and then calculate, which take time. I also found that most of the question came from one particular area of this whole big syllabus. About 6 questions only on consolidation and even the theory questions came from that particular area. Also the questions which came were very much different than those on revision guide questions.

anyone from dubai ????

Neither easy nor hard just time factor

I am sitting this exam next week (computer based) any tips for revision that needs more attention?? Thanks, Tash :)

The paper seemed to be very tough. It was prepared just to make every one fail. We had enough practice but i doubt if most students passed.Most of the questions were calculations and time was too short to finish all the calculations. Sad!!!!!!!!.

hm-mm did not expect that the paper will be hard like this and felt really disappointed.. i worked out kaplan kit and other exam kit and yet i could not work out the paper as expected. 1st time limited for all that calculations and the paper doesn't consist almost chapters ,it focus more on consolidation and the questions are reallllyyyyyyyy different from those i work out..

Hey guys! I must say that this paper wasn't easy at all, it was very tough especially because of the fact that you had to complete it in two hours. I wrote it two weeks ago and I passed with a 74%. I was very happy! But yet, this paper had me all freaked out! A few tips that everyone knows, yet we make the same mistake (Or am I the only one?...lol): 1) Do not work the questions in sequence... 2) Read JUST THE QUESTION first and ask yourself "am I good in this area?...can I work this question right now and get it correct?" If your answer is no...make a note of the question you left unanswered or you can see it on the right side of the screen (computer base) ... 3) Take deep breaths! Tell yourself to stay calm and be positive! 4) Don't keep looking at the time, it will make you nervous....and stop wasting too much time on one question! MOVE ON (Do remember you have to come back later to do it) 5) Try working most calculations questions first...when time is running out...you can be able to read and guess an answer and it might correct, but you can never just guess a calculation... Umm, yeah...I think that should help! Questions that I had for my exam were pertaining to the following topics: 1) Cash Flow (Theory) 2) Consolidation (Basically Goodwill AND RETAIN EARNINGS) I must say I love this topic but the way most of these questions were structured had me baffled. They don't ask you for a final answer, they request for calculations found mid way...They had several questions about Unrealized profit...how would you account for it if subsidiary is the seller or parent is the seller. 3) Depreciation...weird...it dealt with a lot of pro-rated depreciation, that made it a little tough...BE CAREFUL WITH ACCOUNTING PERIOD guys!!! 4) Accruals & Prepayments - Be careful with the dates here again! And please note that they have Accruals INCOME & Prepaid INCOME...these are the opposite of Accruals Expense and Prepaid Expense...You can group them as (Accruals INCOME & Prepaid EXPENSE - A DR Opening Balance) & (Prepaid INCOME & Accruals EXPENSE A CR Opening Balance) I think that's it for now! I hope I was of some help! Take care and I wish you all the best!!

I had ample time! I would have finished with about 30 mins to spare. I lost a lot of time because I was showing my workings systematicaly (hoping to get extra marks) but I realized that it is an MCQ n that wasn't a criteria so save for writing down a few figures on paper I didn't bother to show full workings! I think that's where you all lost time