LW*** F4 June 2012 Exam was … Comments and Instant Poll ***

Q8 in global variant;scenerio on damages and mitigation of loss, is ship building and manufacturing and selling it included in the scope of UNCISG Convention

Hi! i also did global variant and had problems with question 8 - i believe that selling ships, vessels and aircraft and similar goods (under Article 2) in not included in scope of UNCISG, however, as question was structured it seemed like it is...i am still confused about this one

It seems that you are right. Shit! I treated that like selling goods.

Thought the exam was pretty standard and what I expected.

Thought it was very unfair the question on "tender". The open tuition course notes didn't refer to this, neither did the Kaplan book I'm studying from. Is this allowed ? I'm sure one book may refer to it from one of the providers, but is it right to include a question that isn't covered by all and you're discriminated against for not using a particular book.

I know it was only for a few marks, but what happens to any unlucky person who fails due to those few marks.

June 2012 questions are published.

https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f4/exampapers/eng/F4ENG_2012_jun_q.pdf

ACCA: "JUNE 2012 EXAM RESULTS We will release the June 2012 exam results electronically by email, SMS and make available to view online from 8 August 2012. Paper results will follow one week later from 15 August 2012 for those students who have requested to receive paper copies."

F4 - There were a few question which kept me on repeating myself especially in area of fraudulent trading. Quoted Guilford Motor v Horne at least a couple of time in that area and compulsory winding up (why?). left contributory negligence out as I was hesitating; I would have scored it if I had gone for it!

Overall I I thought I did OK in that exam, but looking through notes and book, I know I could have done much better.. c'est la vie..

@dparker02880 said:
Thought the exam was pretty standard and what I expected.

Thought it was very unfair the question on "tender". The open tuition course notes didn't refer to this, neither did the Kaplan book I'm studying from. Is this allowed ? I'm sure one book may refer to it from one of the providers, but is it right to include a question that isn't covered by all and you're discriminated against for not using a particular book.

I know it was only for a few marks, but what happens to any unlucky person who fails due to those few marks.

- There a note a little bit on tender in Kaplan's - invitation to treat - invitation to tender, auction, advertisement etc -

The exam on the whole was reasonable and not very unpredictable.

My weakest area was the unfair dismissal question and i would have liked to see a question on treasury shares in its place.

the F4 ENG exams was ok ingeneral i attempted all the questions

Q8b. Is it Liquidated damages or Penalty Clause?. Liquidated damages is said to be a calculated formula while penalty clause is an amount payable upon breach.
Didn't q8b give us a formula, eg. 20% x 25mil. Someone please respond as I thought it was Liquidated damages.

Q8 a, did anyone notice that this was a contract to "rebuild" a ship, not build a new one... I know it's not David Kelly's style to throw in trick questions, but this started me thinking about the ownership of the boat, and if AZ Ltd actually had the right to sell the ship. Especially when the question said this "Az Ltd operates a shipbuilding business, which specialises in constructing and modifying ships to order".

Maybe I'm just over analysing it?

Think ur overanalysing it.. I hope anyway!

That question was definitely about breach of contract and liquidated damages...etc

I can't think of anything else it could be.

I found Q10 the hardest as I talked about money laundering. rather than fraudulent trading, saying that the accountant had failed to report under POCA 02 etc and that the disqualified director was doing money laundering as he was already disqual so by making a new co and then getting his 2 sons to run it was concealing etc.........

I am hoping for the best!! 51 % will do :)

This is what happened: One reading of the book and two revisions of the Open Tuition and guess what? I am expecting over 75% ; Yesssssssssssssssssssss.