FR*** March 2023 ACCA FR exam – Instant Poll and comments ***

I got the same answer as well

Yeah thankfully I remembered the dividend.I put it through SOCE(reduced from RE) than input all those balances to SOFP. As for the loan note I think you misunderstood me. In the SOFP the value that I put in was TB amt+Finance charge (13.8k) Since the interest payment was not made in the current financial year(would be made in 1st day of the next year). Usually in all the practice kit question the interest payments were made at the last day of the year, if that would be the case in this question than the amount of loan note would remain unchanged due to the rates being same(loan note at start of year + finance charge - interest payment = loan note at end of year). And for the SC and SP it was SC 20m and SP 40m(or the other way around don't remember), it was supposed to be equal to the suspense balance right?

Yes sorry I got you above but only after I sent my response lol. I defo skimmed the date of the interest payment, probs the main reason my SOFP did not balance! Yes something like that to cancel out the suspence account!

Plate Group and skimmed co in section C. To get a adjusted P&L, SOCIE and SOFP is a bit overkill and unfair. Plate Group was fine but Skimmed Co was quite tough. Section B had 10 marks each Inventory, IAS 16 PPE and bizarrely Revenue which was odd in terms and of structure. Section A ok but hardly anything on consolidation at all which was ridiculous. Tough paper overall I think. The multiple choice had lots of select more than 1 option which again seemed unfair and ACCA know this. I feel they just make the exams physically harder to pass.

Defo agree with you mate, the paper was uncomparable to past papers and hated the structuring/wording of all three questions in section B. On we go though, looks like all of the papers were tough in March. Hoping they lower the boundary to pass ?

I mistakenly went into the FM forum thread thinking it was FR...almost had a heart attack when I looked at the poll where most people were saying it was easy xD. thankfully I realised it was the FM poll before my condition became critical

inv income does not include in operating profit bec it cont only income from business main activity not that income from other business it invest in

paper was a little tough i had very good preperations and practice but i didnt attempt it the way i should but i hope i will pass it