TX*** F6 December 2011 Exam was: Post your comments and vote in Instant Poll ***

So! :) How was F6 exam?

just ok

Paper wax so easy..:D

well it was alright i suppose i did find that the time was a restraint, i lost out on 9 easy marks on the corporation tax vat question. part c and d.
all in all if i pass i will give full credit to open tuition if i fail i will consider it my fault because the lectures here were brilliant

Paper was easy but I found myself going blank at little details. Hoping to pass.

its passable... hoping for the best

I think it was not very easy and I ve studied really hard for it :(

what came

not too bad.... actually finished in the time for a change....

are we allowed to discuss content??

paper was fine but was quite long, seemed to be marginally manageable in 3 hrs time. hoping for the best :)

I did the UK Variant... It was easy except for the last 15 marks question... I couldnt do it at all... :( But it was not very lengthy

paper was avg ..! it was to lenghty ..! at middle i did messed around .. hop for da best (finger crossed )

It was not too tough, but I was ill-prepared as I only started studying a week before the exams.. If I pass which I hope I will, the entire credit will be due to the open tuition team!

q1 income tax with NIC.. was good
q2 corporation tax with VAT ..was okai
q3 CGT .. was bad :)
q4. Furnished holiday letting.. v hd to calculate Property Business loss for the yr 2010-2011 there were 3 properties.. :) buh it wez okai
q5 there were 3 parts ... group relief.. corporation tax liability.. and d last part of the question was IHT which contained 6 marks only..n i hd relied on IHT... lol

it started really well as it got further it was a disaster..:)

I was ill prepared so foreseeing less than average.

The paper itself was not difficult. The problem I had was lack of time. I think I may have spent too long on question 1, which meant the rest of the paper was very rushed. I'm pretty sure I've lost lots of marks along the way as I didn't have time to double check everything in case I had missed something.

If only we had more time!

Many "losses" in this paper

Very very time pressured!!
I hate the way tutors teach you stuff and the examiner puts a constant twist on everything!
If I was to meet him in a dark alley well i'd...say "oi examiner noooo!! stop playing with me mind"

:(

I thought the exam questions were OKish... There was a lot to be done and most questions were subdivided presumably to cover most of the syllabus areas???
Hope for an above 50 pass mark though, but you never know.
Did anyone get £159,000 adjusted trading loss for Q2?? Does anyone remember how many marks it had.
And the one with PPR gain of £6,000??
The paper had a lot of questions on losses.
Disappointed with the IHT question not what I was expecting.
Time was of the essence again.

Just about got it done.

Q1 Income tax. was very easy indeed. SPlit up nicely and the NIC element was easy easy marks
Q2 CT. not bad. Easy marks for VAT I thought compared to some past papers.
Q3 CGT, ok quite a few areas where marks can be picked up even if all figs are not correct.
Q4 - lengthy, lengthy but again marks are there to be picked up for each bit
Q5 - didn't do much on the losses bit , but the CT including Double Tax Relief was ok and again the IHT was ok

Be disappointed if I do not get 50. Considering I put in serious work into this paper.

Thanks to opentuition though

Ok overall
Q1 fairly straightforward
Lots to do on Q2 - I spent 1 hr 10 mins and still didn't have time to go back over the mistake I'd made in the capital allowances!
Q3 and Q4 ok but I made a couple of silly errors due to rushing
Q5 I had left very little time for but gave it my best shot.

@joevassallo said:
I thought the exam questions were OKish... There was a lot to be done and most questions were subdivided presumably to cover most of the syllabus areas???
Hope for an above 50 pass mark though, but you never know.
Did anyone get £159,000 adjusted trading loss for Q2?? Does anyone remember how many marks it had.
And the one with PPR gain of £6,000??
The paper had a lot of questions on losses.
Disappointed with the IHT question not what I was expecting.
Time was of the essence again.

The loss was around 158000 something, Im not sure it had to exclude VAT from all the figures of disposal in capital allowances calculation? I did for computer only.. and PPR relief was 198000 with letting relief of 40000 i guess

I thought it was an ok exam. I am not going to say it was easy because it certainly wasnt!! I thought the hardest question was the Property one because it seemed to be trying to trip you up all the time. And in the final question I couldnt understand why we had to ignore Annual Exemptions in the IHT section??
I do very much agree with the general theme on here that we were very very pushed for time,I put my pen down on the last question with about 30 seconds to go, so all my answers have been submitted unchecked. I seem to recall being pushed for time in June with the F5 exam. Come on ACCA - either give us more time or make the questons shorter!
Oh well, nothing we can do now other than wait for February and see what happens.
Good luck all;)

@joevassallo said:

Yes the VAT shouuld be taken off from the disposals figure in the capial allowances.

It was not a difficult paper, but posed a few challenges non the less. I am not very optimistic because I did not finish the paper. :( I did my best. Thank you OT and your team for all the resources and help :)

I finished really early and the paper was not lengthy.
q1 income tax with NIC.. was good
q2 corporation tax with VAT ..was good
q3 CGT .. was good.
q4. Furnished holiday letting.. Just okay. Never did a question about FHL before...
q5 group relief, overseas aspects, IHT - PERFECT.

How did you guys answer the last part of question 1? I put down that he should have paid for the full cost of the fuel and used the money left over to pay towards the use of the car.