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Group Consolidated with two subs and one was foreign.
One had increase in the control.
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waz an ok paper..exchange Q waz expected ..and it did come up ..rest of the Qs were as normal p2 specialty..ifrs 9, financial instruments, post balance sheet events and so on…m quite satisfied with my progress…
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Consol was easy enough however i can’t manage to balance it. overall paper was gone o.k. but still confuse whether or not i can achieve pass mark.
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For this paper, I felt I could do all the questions, but I still couldn’t complete.
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i really hope for a pass paper here after resit for several time.
i did all question except Q4, last part. for Q1, i did not fulfill Retained earning figures when i found the time allocated to Q1 ended.
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it was predictable and the exmanier him self said that IFRS 9 will feature in da exame (PQ magazine) but we should be careful da marking my be tough, i dont like this kind of examas i would prefer it difficult and to struggle for marks then marking would be gentle on us, i just didnt like it, im not feeling comfortable about it
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I think that there is an excess of confidence in some commentators.
If you find an ACCA paper easy it will probably mean that you have not picked up some tricky issues that were put in the middle of a sentence with no apparent risk.
This is particularly true in P2 where Mr Holt is an specialist in hiding standards.- Topics: 0
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@marquitus said:
I think that there is an excess of confidence in some commentators.
If you find an ACCA paper easy it will probably mean that you have not picked up some tricky issues that were put in the middle of a sentence with no apparent risk.
This is particularly true in P2 where Mr Holt is an specialist in hiding standards.that exactly what i am afraid of and makes me feel uncomfortable, it just like there is still much to be done in my answers and i cant figure it out
inshaalla ‘7air- Topics: 0
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Q 1: ok but a lot of ambiguity in the other sections, in the real world accountants can have discussion with clients …why hide the standards… paper very academic not relevant in the business world….
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In Q2 the part on Provisoins – did anyone have project 2 as a provision & project 1 disallowed to be provided for ?
Also in Q2 the part on Intangibles – did you use the criteria MAATIE ?
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can anyone remember what was in the Q3 part (c)? Thx
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I agree Section B is really tricky, and really confused. i messed up.
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It’s really easier if compared to previous sittings. But there is still work to do. Hope to have enough marks to pass. Guys, let’s vote at Study Corporate Reporting as well.
Q1 part c….. wtf? I read this over about 5 times. What were they asking?!
I wrote that its normal in business to try and buy something for cheaper or up to a maximum of what you are willing to pay.
But the owners dont have to sell if the price isn’t right. What was the ethical issue here?- Topics: 0
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Q1 was almost identical to Ribby. What were the ethical issues in Q1c? Questions 2 & 3 were just too confusing.Strangely he revealed the standards in Q3.
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i wrote that the acquiror should measure the aquiree net asst at fair value, not underestimate the acquiree and to add some flavour i mention objectivity, integrity, doing the right thing “the parent company’s management may perceive buying a sub as a bargain is doning “the rigth thing” for their company, meanwhile it is not ethically acceptable”
im not sure 🙁- Topics: 0
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pehle 42 number to halwa ta yar
Truly speaking the examiner was generous even i cannot i passed.i made a lot of mistakes because i panicked.P2 is alsways terrifying
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The paper was quite fair. Open tuition lectures were indeed very helpful especially the standards.
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Question 1 was simple, but part b was kind of hard.
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consolidation shld be based on 80% the 10% was acqiured before the year end +70%.
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examiner was very mush interested in IAS 38 this time….
questions are not so tough this time….Question 1 looked too familiar – maybe a pilot question that i did the night before and i was just overwhelmed that i could hardly concentrate on getting it done. I’m scared to check where i saw the question. In all, it was a give away!
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Hi colleagues! As I think exam was not as difficult as it used to be. Q1 and IAS 21 was almost based on past paper question ribby, as I remember. That was a real piece of cake, as someone has said in his post. Q4 was absoltely based on IFRS 9 and brochure (so I call it) as regards IFRS 9 was very hepful, so special thanks for this, let lone tips. But concerning q3, it seems to me a little confusing, due to simplistic situation, but marks were to high for a simple answer, so I can not say that i’ve done it well. In general, I could say that this exam was quite predictable, anyway who knows, marker knows better))) Thanks to opentuition for assistance and help
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