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failinggggg
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@gts7 said:
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 🙂
I thought i was the only one feeling that way….there was no time to think or even reread the adjustments…everything had to be on fingertips…Q3 was deceptively simple, did not want to take it at face value so re-read it again to ensure i wasnt dreaming….Q5 was straightforward…left out part a and c of Q4 due to time shortage
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Hi all,
F7 this time was not that difficult compared to previous sittings.
However, having said that, there were too many adjustments to take care off.The examiner is deffenitely a very clever man knowing that this year’s sitting would have been liked by the students hence, throwing in some scratching your head adjustments.
The exam seemed an easy task, which probably, it was anyway, however, the time here is always the issue and due to pressurised time, I hate not presenting my work neatly.
As there were Debt Factoring, Financil Instruments IAS 39, wich I personaly treated it as a finance lease, SOCIE, where I totally missed the point of Share Premium and ended up calculating an amount of 3000 shares, totally messing the correct figure followed bu the dividend payment;- Extra time would most deffinetly have been an perk.
Having failed this exam twice,I made sure that I covered all of the questions rushing & killing myself not to repeat previous sittings’ mistakes but I did not present my work the way that I wanted to.
Anyhow, I stay in hope this time, that I might have earned enough marks to secure me a pass.
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Guys, referring to the Debt facotring the company sold $10000 to the Finance Company, hence,the correct way of dealing with this in my opinion was:
T. Receivables figure – $10000 sold = $8700 received from the Finance Company.
Then on the reminder amount you had to work out the 2% interest payable to the Finance Company for the remaining amount.
This interest would have been shown under the Current Liabilities section in the SOFP which gets added to any outstanding liability due within one year.
Hope this helps.
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time was my main problem. and question 4 and 5 was my worst question cuz it was too difficult and not straight forward
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it wa hard , where was goodwill , it was jusomething else . i beleive an exam is testing your skills not how fast are you punching your calculator
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I dont think the paper was too much tough to make it difficult to pass
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My main problem was time management. Too little time for so much requirements. And somehow I couldn’t get my cash flow balanced and i thought it was such a simple question, spent too much time trying to balance it. The adjustments in questions 1 & 2 were simple but tricky.
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so many financial instruments…..however ,from this exam,i realise the importance of reading examiners’articles.==
The questions were decent . Question 1, 2 and 3a were giveaways but i had poor time mgt didnt attempt question 4 and 5
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it was easy this time, but i got stuck in consolidation and lost about 1hour
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paper was actually passable…but as always for me time constraints, still hoping for a pass though.
The paper is now up on the ACCA website. Can anyone tell me how they did the held for sale part of cash flow?
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Question no 4. DEPS calculation with continued & discontinued operation, it was hard. Consolidation : I spent too much time in this question. It was quite tricky. Q.2: Adjustments was familiar except one adjustment. . . . .
Thanks.
Tasin Yeva.The questions lost me in the first 15 minutes. Its quite a reflective one that needs step by step working, if not major points will be easily miss.
Its looks to me like those disappointing exam papers thats one always think, its easy and going to pass with high marks.
F7 was fair, though I did not prepare very well.Nevertheless, I hope for a pass.
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Paper was easy but i dnt revise my syllabus because of f5 …..
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the paper was not easy
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The problem remain constant whereby a short time set for exam has been released. There must be a flexibility of time to help people passing
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Time is not enough because questions combines alot of principles and tricks. To link the different concepts before talkling the qtn takes about 10-20 minutes. May be they should either reduce number of questions
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