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ATX*** P6 June 2011 Exam was … Post your comments here and vote in Instant Poll ***
15y ago#31The chief invigilator anouncing that the exam was over at 13:00 instead of 13:15, didn't help. (London ExCel exam centre).
15y ago#32Time consuming paper
very lengthy
topic was no bad
always same like this
very lengthy
topic was no bad
always same like this
15y ago#33@furqankhanani said:
i think it was unfair paper... because in just three hours how can a normal student can attempt such paper... the ACCA should review its exam procedures... I even know people who had in depth knowledge of UK tax... but such a lengthy paper make them uncomfortable and they are expecting failure just because of the type of paper... you should make paper hard... but it should be at least expected to be completed within three hours... you should consider normal student as well... not just consider genius students... i think bonus marks should be given to all students.... exams should be comfortable not pressure taking...
You say that exams should be comfortable and not pressurised......how would you apply this to a real life situation? In the workplace, you feel pressure all the time, so I disagree with your point about exams being "comfortable", as real life certainly isn't that way!!!
and everyone just let the invigilator stop the exam early?????
@videsh_420 said:
The chief invigilator anouncing that the exam was over at 13:00 instead of 13:15, didn't help. (London ExCel exam centre).
@mykekal said:
It's ALWAYS an unfair paper. Did it twice and dropped it. Dont believe its ever well written for students to be able to understand the requirements fully. The examiner needs to simply the requirements as it does not do any justice to sutdents who study hard to make a fair attempt at this paper.
Not quite true...when I did the paper, I found the requirements straightforward and the route to the answer concise once you knew the syllabus.
@muhammadzubair said:
Question 2 was completely vague and it was very unfair and i cant guess what the hell was asked in the question and i was supposed to do
It is not fair to make such a lengthy and unfair paper whose requirement was not understandable under 3 hours.
i Studied hard but paper was disheartening and disappointing
Question 2 was not vague. The first part (a) was asking you to do a basic VAT computation and to estimate the quarterly CPT returns. There are six members in the group, so the small companies rate is 300,000/6 = 50,000 and not the 82,500 as stated in the computation attaching to schedule 1.
Part b was (1) was a question on surcharge periods (by the way paying the June 2011 late would incur a 2% penalty as this would be within 4 periods of the first default, the Sept late pay would then attract 5% penalty and so on. The best advice would be to pay June 2011 on time and then pay Sept 2011 late.)
The second part was looking for knowledge on the penalties for keeping a refund to which one was not eligible and the interest rate implications (note there is an implied rate of 4% generally).
2 b (ii) was looking at the cash flow implications from selling and leasing the asset. Inflow would be the selling price, while outflows would include the CGT on the disposal of the property and the future cash flows from the rental paid.
It was a pretty straightforward question. You merely had to write the letter and place the calculations in the body. Cheers.
@marquitus said:
I would have never believed that I would be defending the ACCA after all what I have suffered but this is a Professional Qualification and apart from the knowledge you must be able to think/work under pressure. Basically, have a good knowledge, know what you are doing and do it quick.
On the other hand I think that the exams should not have all those tricky things put in the middle of sentences or ideas that could only go out from the examiner's mind and that when you look at the answer you say "oh...yes... maybe that's a way to see it". But if we take some of the questions in details some answers are not logical at all or even completely wrong.
Sometimes I have the feeling that not even the examiner knows what he/she is asking.
I have just reviewed the paper since they have published it online and I must say that while the exam would paper tight, it was a doable exam in the allotted time. The problem is the level of depth students go to for the amount of marks allocated. I agree, this is a professional level paper comparable to any masters degree course and so people should step up to the challenge. Come on guys, many of us have gone through it and survived, so you can too....:D
15y ago#38@alkemist said:
I have just reviewed the paper since they have published it online and I must say that while the exam would paper tight, it was a doable exam in the allotted time. The problem is the level of depth students go to for the amount of marks allocated. I agree, this is a professional level paper comparable to any masters degree course and so people should step up to the challenge. Come on guys, many of us have gone through it and survived, so you can too....:D
c'mon it seems that you have not appeared in this attempt. Its very easy and convenient to sit at home and analyse the paper. I would have spotted every single point sitting in a relax environment.
At this level as a P6 student one would have appeared in almost every single professional paper so you must not consider that every single student is unable to cope with the requirements in three hours and is not well prepared and didn't have the exam technique.
There was some thing seriously wrong with this paper.!
We are all professional level students and have a good idea what to expect in Professional papers like P6.!
there is considerable difference analyzing the paper at your own convenience and doing it in the exam.... Just cant compare both!
15y ago#39FOR EVERY ONE WHO IS DISAPPOINTED AND FRUSTRATED AFTER P6 EXAM….!!!!
Here is what you can do after sitting this P6 paper!
ACCA conducts exam feedback survey in order to know the concerns of students who have appeared in the exam…
This is very important and probably your last chance to raise your voice and share your concern BEFORE the MARKING SCHEME is finalized by ACCA.
They do consider students feedback before the marking scheme is decided in order to ensure that the paper is a fair test in the alloted three hours period….
So please every P6 student go and raise your voice before its too late…..
It may affect your result in the end ( a marginal fail or just pass)…..!
here is a link to your last hope:
https://www.accaglobal.com/en/student/exam-feedback.html
Here is what you can do after sitting this P6 paper!
ACCA conducts exam feedback survey in order to know the concerns of students who have appeared in the exam…
This is very important and probably your last chance to raise your voice and share your concern BEFORE the MARKING SCHEME is finalized by ACCA.
They do consider students feedback before the marking scheme is decided in order to ensure that the paper is a fair test in the alloted three hours period….
So please every P6 student go and raise your voice before its too late…..
It may affect your result in the end ( a marginal fail or just pass)…..!
here is a link to your last hope:
https://www.accaglobal.com/en/student/exam-feedback.html
15y ago#40fair exam covered all taxes
15y ago#41i dont think so the paper was at all difficult..........
Q2) asked you about simple partial exemption, in first quarter you exceeded the deminimis limit ans in one not, so you recover ed input vat in one. than this question simply asked you about default surcharge and repayment of excess amt received from hmrc.
q1) was only difficult to the extent you understand the approach. you had to find out excess expenditure of the subject and how it will be covered by this donee from donors gift and consequences of gift on donor. second part just asked you theory of IHT, BPR, residue of estate, transfer of nil rate band etc.....
q4) was so easy pz.....it asked you about iht on transfer to discretionary trust which should had been taxed at 25%.......and there was gift relief available so no cgt........other part was simply on qcb........
Q2) asked you about simple partial exemption, in first quarter you exceeded the deminimis limit ans in one not, so you recover ed input vat in one. than this question simply asked you about default surcharge and repayment of excess amt received from hmrc.
q1) was only difficult to the extent you understand the approach. you had to find out excess expenditure of the subject and how it will be covered by this donee from donors gift and consequences of gift on donor. second part just asked you theory of IHT, BPR, residue of estate, transfer of nil rate band etc.....
q4) was so easy pz.....it asked you about iht on transfer to discretionary trust which should had been taxed at 25%.......and there was gift relief available so no cgt........other part was simply on qcb........
15y ago#42It seems that few people are solving the paper at their own convenience sitting at home and analyzing it. Some people's answering the questions as if they found this paper a piece of cake, and their answers suggest that they might score full marks in this paper....
Please be advised that my earlier post was for the majority of P6 students who felt that this paper was hard or disaster.
Please refer P6 exam polls for reconfirmation.!
Best luck every one.....!
Please be advised that my earlier post was for the majority of P6 students who felt that this paper was hard or disaster.
Please refer P6 exam polls for reconfirmation.!
Best luck every one.....!
@bluskyzz
i totally agree with you but the paper was disaster or hard in sense of time !
i hardly completed 82 marks paper . due to time pressure dint write so many required things . in the last i had 3 mins and i had to start the last question . unfortunately i started Question 5 and write 4 lines . i wish i read question 4 . damn easy and could even complete in 3 mins time the CGT and IHT on trust transfers :( always think about that 3 min i wasted in Q5 rather then Q4 :(
i totally agree with you but the paper was disaster or hard in sense of time !
i hardly completed 82 marks paper . due to time pressure dint write so many required things . in the last i had 3 mins and i had to start the last question . unfortunately i started Question 5 and write 4 lines . i wish i read question 4 . damn easy and could even complete in 3 mins time the CGT and IHT on trust transfers :( always think about that 3 min i wasted in Q5 rather then Q4 :(
15y ago#44I totally agree with what has been said in that there was not enough time for the amount of work to be done. There was a lot of theory given which I feel wasn't taken into account when writing this exam paper. When I answered the question whether it would be more cost effective to take a person on as an employee or to go into partnership with him there were no figures given so I made an assumption and used a profit as a starting point - other than that I had nothing to compare against!
15y ago#45Its so gratifying to learn that i am not the only one who feels that if you study hard, you should at least feel confident that you stand a chance, but with every sitting and re-sittin of this exam, i never grow anymore confident, not because i dont understand what i have to do, but because it is way too time pressured. Even with all the knowledge i had (which included completing every question in the BPP revision kit, plus all 3 ME), i just found it impossible to complete that which was required in the time given.
I also agree with many others that the requirements are often vague, if not just plainly confusing. You waste crucial minutes trying to dissect what the question requirements are because you cant even understand what has been asked.
Whilst revising, i often misunderstood the requirement of the question, just because the requirement was worded in an overly complicated fashion. When you see the answer, you are saying surely he could have just asked for this.
I often wonder is it an exam to test your understanding of the question or the topic.
ACCA scenarios are sposed to reflect real life situations, but even in a workplace you wouldnt be expected to answer such questions in 3 hours, so how does the examiner justify this level of time pressure. Of course the exam should be a challenge, but if the sky is the limit, I often feel like the eaxminer goes to the milky way sometimes.
I also agree with many others that the requirements are often vague, if not just plainly confusing. You waste crucial minutes trying to dissect what the question requirements are because you cant even understand what has been asked.
Whilst revising, i often misunderstood the requirement of the question, just because the requirement was worded in an overly complicated fashion. When you see the answer, you are saying surely he could have just asked for this.
I often wonder is it an exam to test your understanding of the question or the topic.
ACCA scenarios are sposed to reflect real life situations, but even in a workplace you wouldnt be expected to answer such questions in 3 hours, so how does the examiner justify this level of time pressure. Of course the exam should be a challenge, but if the sky is the limit, I often feel like the eaxminer goes to the milky way sometimes.
15y ago#46the paper was very behanchood ..... it was not easy and the time was not enough....
Hi just want to know the free notes for P6 Advanced tax uk for dec 2011 exams
does open tution have full notes like F6 with all the chapers? If so where can i get them from? Thanks
does open tution have full notes like F6 with all the chapers? If so where can i get them from? Thanks
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