*** F7 December 2013 Exam was.. Post your comments ***

anyone thought Q5 is financial lease as i answered
the question said that it is special for the lessee,so i think it is finance lease.
the technical articles also said “Leases of specialised assets will usually be structured as finance leases. ”
ohhhh! what is the truth!

It was negative good will, also, you have to think through if it was truly a finance or operating lease. All the options given…..I stuck with operating. It guided you that way and true, and the asset was not kept at the end of the lease, but on the other hand they spent money to put the asset back to its original condition……….
Sorry, I am not really helping but it was a difficult one. I just decided not to over think and just accept that it told you in the question ‘operating’ lease

Good moring Open Tuition,

I am planning to do F7 and F9 Financial reporting and Financial management both UK version in June 2014. I am wondering whether I can follow both F7 and F9 International lectures form open tuition as my main lectures and read the UK text book from Kaplan if there is not a lot of different topics between UK and Int version.
I find that open tuition lectures from Mike and John are not only very clear and easy to understand on these very high standard subjets but also give me the very valuable guidience towards positive attitude at both work and home.

Looking forward to your advice,

Best regards,

Tint

The questions were uploaded to the ACCA site the day after the exam but wondering if anyone knows when the answers will be uploaded?

It was really time pressured ! Indeed, it was a race against the clock !