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Please share here with community your comments about June 2011 P6 exam.
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It was not difficult I would say. More or less it was better than some of the the past years sets, esp for Q1 & Q3. Time was the main issue here 🙁 I took longer than 45 minutes to do the first q. When u find something do-able u would wanna make sure u really do it right so that u don’t regret at the end of the day on some careless mistakes made in the question. I agree that the paper can be blindly done in 3 hours but the main point in achieving the objective of testing on the student’s knowledge seem to be ignored. I am sure this paper was not intended in testing the student’s speed. We need time to think, plan out answers (as encouraged by the examiner himself) so that proper presentation is there and of course attempting the right adjustments to be incorporated in the statements.
The paper was more like training us for F1 racing game 😛
Hoping for a pass though 🙂
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Q1) Income Statement 14 marks with 7 marks for a short section on Equity of Balance sheet. last 4 marks give away asking for difference in acct treating for NCI credited with goodwill and without.
Q2) Probably 1 of the toughest adjustment/preparation Qn i ever see. Cover a fair bit of financial instruments and some revaluation adjustment required.
Q3) easy 9 marks cash flow. 16 marks on ratio analysis which I tink was not too difficult.
Q4) 6 marks on framework which I didn’t really understand what he was asking. 9 marks on EPS
Q5) A pretty straightforward Construction Contract qn. 10 marks.
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Guys – Qts and Hsq… how do you know what the questions are 20 minutes before the exam has finished???
i am so regret~i should look at construction contract 1st…i dont have enough time to read the question requirement of 4 n 5 at all 🙁
Savvy2012,
Firstly its GTS 🙂 I don’t know why the G it turned out to look like a Q. 😛
I don’t get your q…hmmm
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Firstly its GTS 🙂 I don’t know why the G it turned out to look like a Q. 😛
I don’t get your q…hmmm
The question is… the exam is supposed to finish 13:15 UK time.. but u posted all the question about 12:55 UK time.. which means you were already out from exam room before the exam has finished.
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I spent too much time on Q2. That leaves me not much time to think for other questions… : (
Worst ever. Where was goodwill!!? Too many adjustments and that post period stock valuation… Totally lost me 🙁
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How many of you did the UK version???
I found it pretty straightforward, which is now worrying me slightly
I have revised like a bitch though, only bits I got stuck on were 4a and 1b written bits, but still had a stab
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as always time constrains..
only 30 min were left when i realised i had q4 n q5 to do..
panick took me..i did q4 in vry disaster way….though q5 was easy am not sure to score full mark…
hopefully will past…- Topics: 0
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Btw Q1 and Q3 need to do adjustment for equity shares??
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Well, generally speaking the exams was not difficult but I think something need to be done on the timing for this paper. I was adversely affected especially in doing justice to Q5. Maybe we all need more work on time mgt.
Do we include PURP in SOCI from the asset transfer ?
N anybody remember there DEPS figure and Contract profit?- Topics: 0
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HARD TO ATTEMPT ALL QUESTIONS IN TIME..
Heyy ,
In question one we were asked to calculate Statement Of comprehensive income and Equity part of Statement of financial position and for this we needed to calculate net assets of subsidiary ,Group reserves and NCI , we were not supposed to calculate goodwill ?
If i m wrong then correct me pleasei cudnt get the factoring part of question 2…q1 had so many adjustments!!q3 was easy but my cashflow wasnt balanced. q5 i figured it out after calculating backward! OVER ALL time was the main issue…but i really hope that i’ll pass..i found q4 to b the easiest.
@muzna88 said:
Heyy ,
In question one we were asked to calculate Statement Of comprehensive income and Equity part of Statement of financial position and for this we needed to calculate net assets of subsidiary ,Group reserves and NCI , we were not supposed to calculate goodwill ?
If i m wrong then correct me please
hey u r not wrong buddy cheers 🙂
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