LW*** F4 (paper based) June 2015 Exam was.. Instant Poll and comments ***

Is the 15 minutes reading time included in the 2 hour exam or excluded We got 15 mins reading in Croker but it was included in the 2 hours - thanks

@charlieB said: Is the 15 minutes reading time included in the 2 hour exam or excluded We got 15 mins reading in Croker but it was included in the 2 hours - thanks

there's no reading time for 2 hours paper,u can just write in answer booklet straight away

Thanks Teo That's what I was thinking Cheers A

f4 :(

So, how did everyone find it? Assuming there's anyone left sitting the paper version now! Thought Section B was ok though realised since I made a mistake on Q5, ah well. Section A however was a LOT harder than I expected. Quite a few references to things I'd never heard of and couldn't even work out by a process of elimination!

i didnt like section B at all.

There was a question about criminal ofence in winding up a company, and the choices were: fraudlent trading, wrongful trading and making a false solvency statement? You had to chose two of them even though the three of them a considered to be criminal offence?!!!!

@besa said: There was a question about criminal ofence in winding up a company, and the choices were: fraudlent trading, wrongful trading and making a false solvency statement? You had to chose two of them even though the three of them a considered to be criminal offence?!!!!

Wrongful trading isn't a criminal offence - it's a civil offence under the Insolvency Act.

I think June 2015 F4 paper was quite easier than the previous exam, the pass rate will be high enough I suppose

Really? I thought Section A was much harder than December's exam. There were some questions that I couldn't figure out an answer to because they weren't even mentioned in my text book.

I agree, thought Section A was alot harder than expected :( Section B wasn't too bad.

Been trying to remember some of the questions that I struggled with for section A. (am sad enough to have made a list to try and figure out what my minimum might be but I can't remember all the questions). One that really bugged me was about agency by estoppel. It asked whose actions would create it which is what threw me. I know it occurs when P holds A out to be the agent and is then estopped from denying it but it was the fact that it asked 'whose actions' that was my problem. I was going to say P only but then thought that A would need to enter into a contract in order for P to be estopped? So, in the end I put P&A as my answer but have no idea whether or not that was right. If anyone knows the answer to that I'd be eternally grateful. There were quite a few like that where checking my text book is no help. Although I have now googled the eggshell skull rule and the officious bystander as Kaplan does not refer to these at all.

I did so, but anyway the book states that the three of them are criminal offence i checked it again!!

Hey Jenny I had the same confusion wasn't sure which to put I though abt putting both but then I change my mind and put the agent could I guess without the agent action how would it had arise..idk I may be wrong... Gosh the whole section was tricky like egg shell skull rule oh please don't even know that rule. I felt the examiner feel bad that their pass rate was the highest for all the papers and wanted to bring it down by giving us an exam that would sure to bring her pass rate in line with the others. Good luck to us all

f4 was super y stressing guys

It's very long. I have not enought to time for finish exam

I made a mistake in section b...I didn't write each question on its own separate page:-( otherwise the paper was ok

@spiceisle2015 said: Hey Jenny I had the same confusion wasn't sure which to put I though abt putting both but then I change my mind and put the agent could I guess without the agent action how would it had arise..idk I may be wrong... Gosh the whole section was tricky like egg shell skull rule oh please don't even know that rule. I felt the examiner feel bad that their pass rate was the highest for all the papers and wanted to bring it down by giving us an exam that would sure to bring her pass rate in line with the others. Good luck to us all

Glad it wasn't just me!! Thought a lot of the MCQs were like that - rather than just testing knowledge, designed to trip you up which is unfair. Funnily enough I wondered the same thing about the pass rate!! Don't know if I'm just being cynical but both the specimen and December MCQs were more of a test of knowledge. Bit annoyed with Kaplan, whose books I used as there was no mention at all of either the eggshell skull rule or the officious bystander. I've googled both since and I think I might have guessed the first correctly but not the second. There were a couple of other ones like that - what did you put for the option contract? Again, no mention in Kaplan. I eliminated unilateral and the offer options so it was between conditional and collateral - neither of which get a mention in Kaplan either!! I went for conditional in the end trying to base it a currency option contract as I just did F9 but no idea at all if that was right!! Have a feeling BPP may have been the way to go for F4 if all these things are in their text.

@princessmariam said: I made a mistake in section b...I didn't write each question on its own separate page:-( otherwise the paper was ok

Don't worry, I know they tell you to but you won't lose marks for it.

really?

Yes. It's easier for them if new questions start on new pages etc but they aren't going to deduct marks for that.

Hello acca fellows! There was no F4(ENG) paper based exam this June 2015?

@princey2807 said: Hello acca fellows! There was no F4(ENG) paper based exam this June 2015?

Yes, there was. I sat it yesterday!!

phew! thank God! i feel relief :-) thanks @jenny3549

Guys please complete the acca survey and voice ur concerns because I think rather than testing ur knowledge of F4 the examiner is trying to trick us so many questions were tricky my elimination strategy didn't work at all. I though the December and specimen papers were good and straightforward but this June 2015 exam was just crazy. Someone mention that no paper base exam exists for F4 lol which world r u living in bro. Hey guys I didn't know that rule of each question should begin on a new page ???

I didn't like section B at all and the multiple choice was harder than expected.

Found some MCQ's also a bit tricky "egg shell skull rule" wasn't named that kind in my BPP book. And for the other confusing question I took also both principal and agent regarding the estoppel question. The last Section B question was a bit like: Hmm is she really in a professional function and capable to assess the value of the stolen Information...is her son working for that Company or not?....I wrote it's not inside dealing but theft. Maybe you can tell me your "considerations". And by the way alloted shares doesn't mean paid in capital so I took 50'000 GBP as minimum requirement for the plc (given the fact that the question was only 1 mark worth :) ). But I am pretty sure they meant it the other way round. Does anyone know how long the review takes time for this particular paper?

I was actually quite happy with this paper. I sat F7 the week previous and HATED it. So, F4 in comparison was a breeze. I actually made use of Open tuition's mock questions for Part A leading up to the exam so during my 4 days study leave up until the exam I was completing this Mock Exam for just Part A at least a couple times a day...as well as doing the questions from the Dec 14 exam. I found the MCQ's ok, a couple of tricky ones that I had to go back on but when I actually left them and went back on them I was able to eliminate the wrong ones. I can't think top of my head which ones I found tricky but I did end up slightly guessing 2 of them. For Part B I made an attempt at each question, didn't find them ridiculously hard but I didn't quote ANY cases at all to backup my answers. I had made the decision that as I hadn't been learning any cases all along I certainly didn't have the time to start learning a good handful of these before the exam so I didn't relaly bother. I did know most of the latin phrases though which came up a good bit in the MCQ's so i'm glad I went over them. All in all...I didn't really mind the exam....I think I was just happy to be finishing them until Dec!

@zoransucic said: Found some MCQ's also a bit tricky "egg shell skull rule" wasn't named that kind in my BPP book. And for the other confusing question I took also both principal and agent regarding the estoppel question. The last Section B question was a bit like: Hmm is she really in a professional function and capable to assess the value of the stolen Information...is her son working for that Company or not?....I wrote it's not inside dealing but theft. Maybe you can tell me your "considerations". And by the way alloted shares doesn't mean paid in capital so I took 50'000 GBP as minimum requirement for the plc (given the fact that the question was only 1 mark worth :) ). But I am pretty sure they meant it the other way round. Does anyone know how long the review takes time for this particular paper?

Interesting the eggshell skull rule wasn't in BPP either - I used Kaplan and have been wondering if I should change to BPP for the next session if they're not going to include information which we need! You're right on the alloted shares - plc needs a minimum of 50k. I think I did alright with the Section B questions but it's really hard to tell how they will be marked. The ACCA marking scheme for December's paper seemed to just say '1 mark per relevant point' for all of them so who knows whether the marker will consider my points relevant. I realised after I got home that I slightly messed up that Insider Dealing one in part b where I said the son wasn't an insider because he didn't get the info as a result of his position. That was wrong unfortunately but should be only I mark. I know what you mean about that question though. As the cleaner (and no offence meant to cleaners) does she know what the information is? In the end I took it as yes since she brought it to her son, an accountant so I went down the insider dealing route and said that she had committed the passing on offence and he had committed the primary offence of dealing. Think my answers to Section B were all too long but hopefully they'll get something.

@evanslawlor15 said: I was actually quite happy with this paper. I sat F7 the week previous and HATED it. So, F4 in comparison was a breeze. I actually made use of Open tuition's mock questions for Part A leading up to the exam so during my 4 days study leave up until the exam I was completing this Mock Exam for just Part A at least a couple times a day...as well as doing the questions from the Dec 14 exam. I found the MCQ's ok, a couple of tricky ones that I had to go back on but when I actually left them and went back on them I was able to eliminate the wrong ones. I can't think top of my head which ones I found tricky but I did end up slightly guessing 2 of them. For Part B I made an attempt at each question, didn't find them ridiculously hard but I didn't quote ANY cases at all to backup my answers. I had made the decision that as I hadn't been learning any cases all along I certainly didn't have the time to start learning a good handful of these before the exam so I didn't relaly bother. I did know most of the latin phrases though which came up a good bit in the MCQ's so i'm glad I went over them. All in all...I didn't really mind the exam....I think I was just happy to be finishing them until Dec!

I didn't quote a single case either. To be honest, with two marks available for each part I didn't see how we would be expected to fit them in!