SBR*** March 2026 ACCA SBR exam – Instant Poll and comments ***

It was a disaster

It can go either way for me. Felt like I was caught off guard with a few questions

Agreed, I felt the questions were nothing like the multiple mocks I did

Agree !! What questions did you have? My paper had something on green house omissions disclosure , share based payments for employees , pension disclosure note , something on leased apartments , all areas I had studied but not with the complications in each!!

I had that exact same paper

what came in your exam

what came in your exam ? especially in number 3 and 4

Q2 20 marks on greenhouse emissions disclosure plus ethics Q3 IFRS 18 P&L comparison Employee share scheme option Leased apartments Q4 credit impaired bonds Pension disclosure note Employee benefit at year end May have muddled some of those but something like that.

What did you write for the IFRS 18 question. I feel like I really didn’t have much to put on that one

Summary to SBR exam variant - Section 1: > Goodwill calc (incl. deferred consideration 11m over 2 years - not sure int rate%) > impairment of net Assets using proportionate method. > Pension liability accounting - defined benefit scheme (service cost, interest, contribution made by employer) > Adjustment for above in SOFP Ethics section > explanation of Joint venture and operation > ethical issue of person being employed on a temporary contract and ‘doing whatever it takes“ to help company reach goals - company record a joint operation instead of venture to increase revenue issue. section 2: > NCA Revaluation model and accounting for deferred tax element. > provision/ contingent liability and contingent asset question > impairment of CGU > financial instrument/ debt instrument - company offering loans but expected credit losses due to economic environment > IFRS 18 - usefulness of information & not adhering to standards That’s all I can remember ?

Wow that is so much easier than the other paper

I got this paper too! The proportionate CGU method of impairment threw me off abit, with the grossing up of Goodwill - got myself in a muddle! Also completely forgot to depreciate the asset under revaluation model (my brain was saying it was an investment property ! :( !) Frustrating, but the rest of the questions seemed okay, apart from the ECL discussion based question, which again, not sure what I wrote was what they were looking for. Hopefully enough to pass as really don't want to study this exam again, I found it horrible!!

I think 80% of the syllabus was covered. Goodwill: Deferred consideration was discounted at 9%, then they said one of the asset book value is 18 but FV is 33 at acquisition. What you did for that? I got confused on additional depriciation part. Defined benefit pension: Pension question started with net - liability, - interest, +contribution, - CSC and correction of contribution being booked in PL Pre populated excel sheet: I think I did okay in explation part but not sure about SOFP entries. Joint venture vs operations: I was confused until I read the ethics exhibit saying its correctly accounted as Joint Venture. Ethics: FD asked new recruit to book the investment as joint operations, bonus tied to revenues.. Mentioned code of ethics, integrity, professional competence, self interest threat, directors duty put system in place for controling and reporting ethical issues I. E. Risks faced by the company, finally the option to report relevant authority who have a power to invoke the acca designation. Provision of restoration costs and YE balance: Provision, discounted, unwinding and depriciation of asset. I think it was 65m 10 years at 4.3% something interest. And asking the balance at year end. CGU: On CGU impairment was all covered by GW? Expected Credit Losses: Loan provider in a country now in instability, most customer haven't paid interest from months. Third stage of ECL, Lifetime credit losses to recognise and interest calculated on net blanace. IFRS 18 corrections and effect on users: Associate profits booked in other income and depriciation charged in admin expenses. Also associate profit and dividend received were booked separately, it should be profit less dividends. Usefulness operations provide info on income generated by company's usual long term business, investing about how effective and liquid investment are, financing provide info on company's exposure to financial risks etc.. Fair Value: Someone invested in shares that lost 40% value and not much activity on market so he wants to account it as pv of future cash flows, something like that. Reply, Principal Market vs Most advantage market and FV hierarchy x 3 levels, Quoted, observable input, unobservable inputs hence regardless of activity market is still the best way measure the value of shares providing most accurate value. Question on NCA: Couldn't even start with this question. For new students: As said earlier, about 80% of syllabus was covered. I have not used Excel other than adding values in SOFP, 80% of exam was discussion based, accounting and application of standards and it's effect on FSs. As my teacher says it's 1) State the standard 2) Apply to the information provided 3) Conclude Good Luck Everyone

With the pension disclosure notes in question 4, if i remember correctly, was there a question that asked for the usefulness of these disclosures to investors? In my mind, i made up that question as no one else seems to have mentioned that

Also, in the share based payment, since it was equity settled - were we supposed to update the share price each year end or not? Thanks guys

Q regards to Goodwill, I calculated as negative one so burgain purchase :D anyone else?

I got a bargain purchase too .I was wondering anyone else got the same. seriously a load off my shoulder. but maybe we are both wrong lol

i didn’t get negative goodwill ? maybe i was wrong

No way you can get negative goodwill. Because the subsidiary belonged to a CGU and there is a limit to the goodwill. Then other assets pro rata. After grossing up the goodwill and including in the impairment analysis, the amount you deduct from goodwill calculation is 70% and not the whole 100% which includes that of the NCI.

The most trickiest question was the impairment of financial asset. It was 9marks. I think which I may be wrong, I'm not perfect, that you had to discuss before the recession period which was 12 months loss allowance, during the recession where there was objective evidence and so lifetime loss allowance. And the entity gave loans to 2 customers even during the recession. So those loans were already credit impaired i.e originated or purchased credit impaired loans.

Q1. Step Acquisition (a) Correction of accounting treatment for investment in associate (b) Additional 45% interest acquired , (c) SOFP Q2. Share Based Payment (a) (i) ESBP with service condition (ii) ESBP for PPE purchase (iii) Share received for selling goods. (b) Ethics for share based payment scheme. Q3. IAS 40 -Investment property , then reclassified to PPE Accounting treatment for IAS 23, IAS 20 based on the given scenario. Construction contract Q4. IAS 37 provision IFRS 18, MPM I think question is normal but the problem is me. :). So, I am preparing for Jun 26 exam. Good luck to all.

Q1 topics on the other paper?? any one please remember q1, who sat 1.20pm/afternoon paper