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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.Hmm … 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.
Section B was not that difficult but very lengthy. MCQs were trickier than expected. Over all it was a very time pressured exam.
@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.
Very 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 ????
All 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
What 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.@abisatou said:
Was there anything on IAS41 agriculturenope, not even a MCQ
Q2 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
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Question about impairment in MCQs, was the answer 160 000?
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how you accounted for transaction costs of 1 million in Q2?
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no. nothing from specimen paper mcqs either.
@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.
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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..
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then i think the answer is correct 🙂
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1.6
i dont know if it was correct thoughMCQ about not consolidating subsidiary, was the answer ‘military coup’ as the parent lost control?
I 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
In 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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