Forums › ACCA Forums › ACCA FR Financial Reporting Forums › *** F7 December 2014 Exam was.. Instant Poll and comments ***
- This topic has 194 replies, 72 voices, and was last updated 9 years ago by Elitsa.
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- December 3, 2014 at 11:00 am #216750December 3, 2014 at 4:51 pm #216943
ACCA should give couple of marks (not 15 minutes) for reading questions! 🙂
Unfortunately, there was only 1 mcq about cash flow, and mcq-s were tricky.December 3, 2014 at 4:54 pm #216944Huh, Not enough time!
Wasn’t the easiest paper by any means, MCQ’s so tricky.December 3, 2014 at 4:56 pm #216947Hmm … what do I say? Talk about ACCA making me work hard for 50 marks! I tried my best but was my best good enough? That is a million dollar question.
December 3, 2014 at 4:59 pm #216948Section B was not that difficult but very lengthy. MCQs were trickier than expected. Over all it was a very time pressured exam.
December 3, 2014 at 5:03 pm #216950Did your balance sheets balance? I mean questions 2 &3.
December 3, 2014 at 5:04 pm #216951Was there anything on IAS41 agriculture
December 3, 2014 at 5:07 pm #216953@mark79 said:
Did your balance sheets balance? I mean questions 2 &3.Most definitely not 🙂 but I wouldn’t worry … as long as you showed your workings you’ll be fine.
December 3, 2014 at 5:08 pm #216954Very time pressured exam. Question 2 & 3 were the most straightforward for me – although these were the ones I’d focused on most with revision. MCQ’s a lot more tricky than expected. Question 1 was a disaster! Hope we’ve all done enough to pass ????
December 3, 2014 at 5:08 pm #216955All of my friends were saying that MCQs were very difficult, but I don’t think so
I think abt 11 were easy, abt 4 confusing and the remaining 5 were difficult.Anyway it doesn’t matter if you found the MCQs easier or not, what matters is if you got them right, so for that only wait for the result
December 3, 2014 at 5:09 pm #216956What did you mark on the question on Construction contracts regarding amount due from customers?
and could you share questions you remember, just not sure about my results.December 3, 2014 at 5:11 pm #216957@abisatou said:
Was there anything on IAS41 agriculturenope, not even a MCQ
December 3, 2014 at 5:11 pm #216958Q2 was about 1.5 mil different oops! Q3 balanced… But that usually doesn’t mean I’ve got it right. More a coincidence ???? that I’ve done the same wrong adjustment on each side
December 3, 2014 at 5:12 pm #216960Was there anything on IAS41 agriculture????
December 3, 2014 at 5:12 pm #216961AnonymousInactive- Topics: 0
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Question about impairment in MCQs, was the answer 160 000?
December 3, 2014 at 5:14 pm #216963AnonymousInactive- Topics: 0
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how you accounted for transaction costs of 1 million in Q2?
December 3, 2014 at 5:15 pm #216964I got 160 000
December 3, 2014 at 5:17 pm #216967AnonymousInactive- Topics: 0
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no. nothing from specimen paper mcqs either.
December 3, 2014 at 5:18 pm #216969@aichi said:
Question about impairment in MCQs, was the answer 160 000?Total 100 impairment, 50 settled against goodwill, 50 against non-currents assets on pro-rata basis, don’t remember the exact answer.
December 3, 2014 at 5:18 pm #216970AnonymousInactive- Topics: 0
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MCQ Revenue recognition question, i answered C, recognize 150 000, related to construction contract of 180 000….wonder if its right..
December 3, 2014 at 5:19 pm #216971AnonymousInactive- Topics: 0
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then i think the answer is correct 🙂
December 3, 2014 at 5:19 pm #216972AnonymousInactive- Topics: 0
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1.6
i dont know if it was correct thoughDecember 3, 2014 at 5:19 pm #216973MCQ about not consolidating subsidiary, was the answer ‘military coup’ as the parent lost control?
December 3, 2014 at 5:20 pm #216974I had received an email from ACCA incorrectly telling me I no longer qualify for Oxford Brookes degree – and I was so stressed an pressured I couldn’t focus. I just now received an email telling me that i am no eligible and they made a mistake? I suppose a resit is in order for next year!! Has anyone else had this experience?
Thanks in advance
December 3, 2014 at 5:20 pm #216975In question 2 – , the amendements required were loan at effective rate ( giving a N/C liability on balance sheet and finance charge on P&L). Tax charge needed to be calculated for P&L ( deferred tax increased to 12800 from 12000). Also depreciation and imapirment charge was required. , after that you had to asseble a balance sheet from that data/ or am I wrong?
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