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There was way more the 10% allocated to VAT, more theory and very strange layouts. I did all the revision questions on here and the BPP revision kit and I will be lucky if I get 50 for this paper. How very very mean of him!!
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Anyone who get 50% would be granted as CHARTERED CERTIFIED ACCOUNTANT by ACCA .. Very Very unfair exam, examiner must think that student is a leaner not a Professional ACCA accountant
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Question 1 was very confusing…i read the question again and again….!!!
i’m not even sure about the treatment i made for the motor car..:S
question 2 was ok – but very time consuming/confusing for the last part…
3 OMG –
4 kinda ok –
5- not bad – last part unanswered….
to summarize ive written a lot..its either all is ok or..hell December 2010 hereee i ammmm…
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just wondering…after that paper do you think we should consider starting tuitiion and working on F6 as from July or wait for result?
@joanne007 said:
Admin…I gathered that Yvonne would not sit the exam…but I am thinking she may have seen the paper.All tutors will only see the exam when ACCA publishes it on the site,
@soulslayer said:
just wondering…after that paper do you think we should consider starting tuitiion and working on F6 as from July or wait for result?just wait for result – you never know what might happen. unless of course you didnt answer enough to get 50%?
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The tax evasion/tax avoidance question was kinda funny.
As a trainee Chartered Certified Accountant, what are you expected to do when your boss/client hides his Capital gain from HMRC and they didn’t notice.,..
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@acltang72 said:
When I opened the paper I had to check the cover 3 times to see if it actually said P6 Advanced Taxation…Oh poor you ..
i hope you pass mani have to give F8 this time i hope the paper is not a surprise like F6
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It was a very very vey challenging paper.
Question Partnership was very dificult.
Puff hoping to get 50%- Topics: 0
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@akberacca said:
Oh poor you ..
i hope you pass mani have to give F8 this time i hope the paper is not a surprise like F6
Same here, got another paper this Thurday……. hope it will be not a real hell like today’s paper…This is very sad..sincerely..kinda depressing
very challenging paper though i practised most of the exam kit questions.
examiner has changed his style..am perplexed whether the examiner said he would change his style.- Topics: 0
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This paper was fine, I had no problems with it 🙂
Very heavy on the administrative side of tax, but honestly I’m feeling good about it – if you know your VAT and self assessment deadlines and penalties this paper is a gift
One down, three to go!
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I agree that the format was VERY different but the Capital Allowances for question 1 was all in the tax tables – 100% FYA etc. I think it was a matter of shock at the way it was written. My main concern was the amount of theory with regards to tax penalties and dates. I think the examiner has got the World cup on his mind with all those penalties!!!
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wer all the the quartrly paymnts in q5 equal, or jst1=2 and 3=4?
Can someone please recall where they saw all the VAT marks?
I can only recall seeing it in Question 1. The examiner also had previously mentioned that he would not straddle the VAT standard rate change so I’m wondering why we had to accrue VAT evenly throughout the period.
As far as my thoughts…. the exam was indeed unusual. The information seemed to be presented in a very disruptive manner making for a hard read. Mark allocations seemed to only increase the weighting applied to taboo subjects. It was as if the examiner had said he would reverse all stereotypes of the paper in one go (i.e. less computation, more theory).
I am hoping and praying for a marginal 50% pass. I didn’t find time pressure but I did find that it was longer than I had expected.
And the funniest part of the exam… Quagmire. Did anyone else think family guy!?
I found Q1 very confusing!
The part which asked to calculate the amount of VAT paid during the year. I spent a while trying to average out spending and sales, to then work out different rates of VAT, and then thinking 3 marks is not a lot for all the calculations, and how is it possible to tell if there was any VAT exempt purchases? So I crossed out all my workings and used the VAT amounts that were given in the beginning of question 1. I don’t think the questions were worded right and found it hard to decide what he was asking for. Was hoping for a decent mark in this paper, but think I’ll be lucky to scrape 50! I wasted too much time and didn’t get the paper finished.Quote:I can only recall seeing it in Question 1. The examiner also had previously mentioned that he would not straddle the VAT standard rate change so I’m wondering why we had to accrue VAT evenly throughout the period.Did I miss something in this question? The partnership was VAT registered right? As they were looking to go onto the flat rate scheme. So the VAT on sales was excluded in the taxable trading profit adjustment as you don’t pay tax on a tax.
So therefore you only used the figure for VAT on sales given (£21,600) and not work out the whole years sales VAT which would cross over the two different VAT rates?Oh dear I was so happy after the paper but coming here has made me somewhat confused. Maybe I just “think” my paper went good and it didnt actually. :S
Yes the format was very different. An adjustment of VAT in trading profits was never seen before but fortunately last 2 days I practiced less and concentrated more on self assessment and VAT and was able to recall most of the stuff. What was so tough about VAT though apart from the trading profit adjustment? 15 marks on partnership was a bit of a shocker but I think I got it right in the end. Trading profit was 80000.
Question 3’s first adjustment was brutal but fortunately I had done the 1985 share pool and I think I applied things correctly. The BPP book FA2009 specifically said that the examiner wont make a detailed question on FA1985 pool so I guess that’s unfair. Overall I didnt find the Q very tough although I maybe wrong about having done it correctly myself.
Q5 was dead easy and I managed to save alot of precious time as well as I was getting nervous about missing a good chunk of the paper.
Q4 was kinda strange indeed. However I knew most of the stuff but didnt know the time limit for discovery assessments and the details regarding fraud and all that. I did remember the penalties but still this question is far too strange to really say much but I am postive about it.
Q2 was the toughest and I had realised it in the reading time and had decided to do it in the end. I think I got property income mostly right apart from a guess on business rates as being allowable. But the losses question was the real disaster where I ended up applying income tax losses rules. The director part was also a wild guess from me and I wasnt able to finish it so i guess you can say about 10 marks gone in the bin.
I can certainly see the potential of well prepared students not getting it right and there’s nothing worse than preparing so hard and then getting it wrong. However dont forget there are marks for individual things and if you have done atleast 90% of the paper then you can get alot of things wrong and still pass.
@accaman said:
This paper was fine, I had no problems with it 🙂Very heavy on the administrative side of tax, but honestly I’m feeling good about it – if you know your VAT and self assessment deadlines and penalties this paper is a gift
One down, three to go!
Im with you accaman. This was my first ACCA exam and I was expecting a lot worse. I didnt practice any past exams which sounds like that was to my advantage! I think I will have got the 50% needed to pass. I probably revised too much as I was quite worried about the exam.
Hope you all pass!
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