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I didnt have time to answer properly for the last question! So many questions so far!
I found question 5 the hardest too..rest of the paper was pretty straight forward..
First one not material because level < 1% second one i think material and pervasive
yeah 1st one is not material. and for the audit report? is it unmodified opinion only or with emphasis on matter?
Yeah first one is not material
The percentage is 0.8 ./. Or something if Iam right
And the second one is it about going concern issue?
I wrote un modified opinion with modified report with emphasis on matter ?
I hope I am rightExam was ok, very time pressured. As a result I rushed through the last two 20marks questions!!
Question 5: I calculated the ratios but part B asked to use those ratios and it was kind confusing how to relate the ratio to the case. It was hard. Then It is so bulky, I did not have enough time to complete all my answers though I was writing non stop -_- Q 1 – 4 was manageable. MCQ was mostly on control. Many part of the syllabus were not even tested. Now I understood why F8 is a failing paper. Anyone, cross finger and hope to get atleast 50 marks
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Any one in hall for desk 1 -100 today notice a student was allowed to keep writing waypast the finish time ?
I thought question 5 was fairly hard as you had to do ten ratios for 5 marks. I only managed 3 for each year – couldn’t remember the others and didn’t have time to stop and think about it.
Hoping that I have passed though.Some people are allowed extra time for the exams.
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Crystal Palace Exam Hall I saw a student writing and invigilator took the papers from all other students and intentionally ignored him. When i ask why is he writing the invigilator said he is busy go go complaint ACCA is you want to that is almost 20 min past finished time.
I also saw a student write from reading time and did not finish until invigilator came and took the paper. His is almost last row.
the ques asked for 5 ratios if am not wrong???? i did GP margin/ NP margin/ acid test/ current ratio and payables days….
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