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I studied really hard for law and knew my worst subject was Corporate Governance – so what comes up??? Aaarrgh!!
Apart from 2 questions, I think it was a fair exam. After leaving the exam I felt I had answered 6 questions really well, 1 fairly well, 1 I think I got half right (!) and there was 2 questions that I know Ive messed up on. Reading everyones comments it seems to confirm my own thoughts. We’ll just have to wait and see! Best of luck peoples 🙂@marky
hey mee too 🙁 lol i went happy with fraudulent n actually the first thing i did wen i opened the paper was i started tracing the word “corporate governance” i knw hw u must have felt- Topics: 0
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The paper was great but the only chapter i left was corporate governance and wohh when i saw that it was like what the crap………. anyway overall went good. too easy that i believe alot of us concentrated on important topics and the question were almost all from minor topics. I mean there was no question on directors rights and stuff like that. Very basic and direct questions were asked.
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i havent attempt the corporate governance q, what about ya guys?
Corp gov
a) wrote about the OECD definition – simply how companies are managed and controlled. and then wrote a little about the backdrop
b) Extra legal
Listed entities tend to need to use it
Features – INSIDE A CRAB (just gave a few examples, internal control, audit commitee, balanced board, disclosure).c) Just described what NEDs in a balanced board do (supervisory role over execs). and then gave a few examples of subcommitees they make up (audit commitee, etc). Independence and objective element to management.
Quite a simple question if u applied a sensible approach – I hope to come away with 8-10 marks.
I attempted all questions. Im doing mainly home study, but one interesting thing I got told is that ACCA do not “negative mark”, and so always write something for a question even if you know you are a million miles out, as you never know when you might pick up an “accidental” mark – that one mark may be the difference between getting 49/100 and 50/100 !! Thats the philosophy I went into the exam with anyway lol;)
@marky123 – while they don’t negative mark, its always best to set a good impression with knowledge at the beginning of every script and the beginning of every question so that you buy the markers goodwill. Remember that marking guides can be very subjective so brownie points definetely impact performance.
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Kiillllleeddd it…. surprisingly pretty straight foreward, number 10 was the best case scenario question everr
Well all we can all do is wait and see when we get our results in August. Ive already packed my law notes away, and I didnt check any of my answers, no point, nothing I can do now anyway!! lol. Im concentrating on my F5 revision for Monday now!! 🙂
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The exam was not too bad, not too many surprises came up.
I really want to thank F4 tutor for the wonderful lectures he has supplied. I was doing the course via distance learning and struggled with the books as found it hard to absorb all the different cases. I came across Open Tuition by accident, the lectures helped so much and the way that the little stories stuck in my head helped tremendously in the exam. Many thanks for all your help.
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Hi guys, I thought I had done ok until I realised I had the wrong end of the stick with the negligence question. It was 100% asking about the ‘standard’ of the duty of care and there is a model answer in June 08. I wrote about DvS, Hedley Byrne v Heller and nothing worthwhile on actual ‘breach’ which the model answer explains. Damn! I originally thought it was for 10 marks, was this the case???
(P.S. For what it’s worth, in my opinion, for q10, land sorted the fixed charge primarily, unpaid share capital + current assets satisfied creditors, and Mat was liable to pay the overdraft that he personally guaranteed. After paying the unpaid amount of their shares the other shareholders had no further obligations as they moved from a partnership to limited company.)
@psyurmh the question was NEGLIGENCE > DUTY OF CARE ….. it is the landmark case “DONOGHE V STEVENSON” in which High court stated that every person owes duty of care to another person whome he has no contractual relationship, court also refined some subsequent ruling on some principle.
3 hours for 10 questions are not enough…either reduce questions or increase hours
@littlemissy. I only discovered opentuition recently too and I also found it by accident. Wish I had found it 6m ago as it has really helped with my study and revision. I’ll certainly be continuing with it :)) big thumbs up to the site.
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the question seems to me easy even though i couldn’t answer 100 marks due to poor time management.hopefully i will pass
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Surely question 10’s answer was that after the fixed charge/land there remained:
£10,000 assets
£20,000 creditors (£10k overdraft, £10k others).The £10,000 assets are distributed equally to all creditors, i.e. £5k to each.
The remaining £5k bank overdraft is payable by Matt personally.
The remaining £5k other credits will have to be written off.Any confirmation or correction would be appreciated.
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Great i thought it was waiver in 8th one 1st part!…I want to pass dis time my second attempt it is !…My 1st 4th 7th quest didnt went well:S duh i wrote a lil what i knew!..I hope the pass me :'( fingers cross !..Pray pleas
I think that ACCA should review the timing for this paper.
I managed to answer only 8 questions although i was writing at top speed… 🙁
Anyway lets see what is stored in my future… 😉- Topics: 0
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F4 paper was so easy if one had gone through all the past exam papers,all the quesitions from 1 to 7. were exactly the same way they were in the past papers, i have never been so sure of passing an exam they way i felt writing f4 the exam. i felt so relieved….
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a pass? yes .A fall sometimes.just a break even will do
@martcoop said:
Surely question 10’s answer was that after the fixed charge/land there remained:£10,000 assets
£20,000 creditors (£10k overdraft, £10k others).The £10,000 assets are distributed equally to all creditors, i.e. £5k to each.
The remaining £5k bank overdraft is payable by Matt personally.
The remaining £5k other credits will have to be written off.Any confirmation or correction would be appreciated.
I came to exactly the same conclusion as you for that question. Fingers crossed your right on that one!
@amirali92 said:
I wish If I hadnt broken my hand, I’d have aced the paper!! Unlucky me!!Sorry to hear that, that’s very unlucky. Hope you make a speedy recovery, and I’m sure you’ll ace the December one!
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