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I did not know what ECA is while reading requirement too. However, I deducted it from the text of the question and just made a guess. It appeared to be good shot. The company made loss in the year, so question asked if it is good to claim 100 % CA or rather to waive it. Not so difficult, right?
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I think ACCA itself wants to get pass rates go down this time because in last sitting P6 pass rate was 44%, little unusual for this paper. As almost every sitting ACCA is increasing their fees, size of the candidates are going down at the same time. Therefore ACCA needs minimum two thirds students resitting and paying them again. Just like CAT it will also become unpopular very soon, I am sure.
I studied P6 through distance learning and on my BPP forum, someone on my course emailed to complain to ACCA (email address: complaints@accaglobal.com), just in case anyone else would like to complain too! This was the response they received:
Thank you for your email regarding your recent P6 exam sitting.
I am sorry to read about how hard you found the paper and your concerns regarding the wording of the exam.
I have had the opportunity to speak directly with senior management within our Exam Content team. They have provided me with more information regarding P6 and offered some guidance regarding approaches for studying.
The P6 examination, like all ACCA examinations, undergoes a rigorous quality assurance and scrutiny process to ensure that requirements are clear but are of the appropriate educational standard for the Professional Level and that the examination is manageable in the time given. ACCA examinations are developed by a team of qualified people, not just one individual and there is never any intention to mislead candidates. The examining team, not just the examiner, spend a great deal of time debating the questions and ensuring that they are clear and not cryptic or misleading in any way. The examining team are keen to see candidates passing P6 and are in no way designing an exam to prevent that; they often find that candidates find the questions time pressured when requirements aren’t closely read and as a result a lot of unnecessary information and analysis is provided. This gives a false impression to candidates that the question was asking for too much. Whilst ACCA cannot comment on specific questions in the June paper as the marking process is underway you can see specific examples and marker’s advice in the examiner report available on our website.
Your email references that the advice for an approach to P6 is to treat the questions like real life situations, but you feel the tasks are made ‘tricky’. We do endeavour to make requirements as clear as possible and these are usually backed up in the narrative in the scenario.
This is good exam technique as all requirements should be read and planned out and there is no rule that says you must answer them in the order set although your report should have an appropriate structure and headings. Look at past exam papers and read the scenario against the requirements for example in Question 1. The information presented in the scenario often flows in the order of the requirements so again good exam technique would be to note against those paragraphs which requirement that information relates to.
There are many ways to improve exam technique and many resources available for P6 which ACCA provide to help candidates with this examination. We also have videos on our website that give advice and guidance that you may find useful.
You can find exam resources on our website here:
It is to be expected that as student’s progress to the professional level papers, the exams themselves get tougher. This is then bound to be reflected in the percentage of students who pass in each session. But, as touched upon earlier, to make an exam that was deliberately obtuse and cryptic would be counter-productive on ACCA’s end, as we obviously want students to progress to membership as quickly as possible. ACCA do not make one professional level paper tougher to pass than another, but it may be the case that there are perhaps knowledge gaps in certain areas where you would benefit from a sharper focus of study, should you need to sit the paper again.
We always welcome feedback from our students and members, and I have passed your comments on to our Exams Content team.
Again, I do hope that come results day you are pleasantly surprised and you achieve a well-deserved pass.
I would also like to wish you the best of luck with your ACCA journey ongoing.
I hope that my reply assures you that we take your concerns seriously and helps to provide clarification on the examination process and P6 in general.
If you have any further questions related to your initial concerns then please let us know. Otherwise, if we don’t hear back from you within 14 days, we will assume the matter is resolved and your case will be closed.
If you have a general enquiry relating to another matter, please contact ACCA Connect via phone or email, where one of our trained advisers will be more than happy to assist you.
So basically where all doomed and the acca feedback survey is a complete waste of time ?????
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I agree totally. Main part of the syllabus in in understanding and application of tax laws and rules. Why the hell spend so much time and allocate so much marks on due dates and crap?
@hufckinger said:
My post did say i thought it was reasonable. Thinking i’ve missed something here now!Have had a look at the hybrid March/June 2016 paper and still think that Q1 all you had to do is work out payments on account, class 2 and class 4 NIC – think that was it?!
The rest of the question – i stated investing in inventory will not impact tax and the additional equipment will reduce tax due to writing down allowances of AIA.
Voluntary VAT – thought we needed to see taxable supplies. Unsure. Also mentioned how it would be more expensive if customers weren’t registered.
CGT – worked this based upon a 80k gain and took off the AE of 11k. Then stated the payment date and at 28%. Stated that we needed the rate of tax in foreign company to deduct DTR.
Stated that the additional gift of painting should be made ASAP to utilise loss @ 28%.
Stated shares should be gifted after marriage, but in hindsight should have recommended a part disposal to take up 11k annual exemption.Question 2 – all we needed to do was use the template given and amend figures. A couple of obvious mistakes – use of incorrect indexed cost, dividend of post tax proceeds being calculated using chargeable gain and not the proceeds less tax.
Then, part b, it was just a case of using whatever bottom line figure you got to (think mine was around 350k!!) and then grossing it up for a dividend or using a bonus figure and show the tax difference.The VAT question was tricky, but not impossible. I forgot to disallow the lease payments 15% but did state you could only claim 50% of input VAT rather than the full amount. There was no VAT that could be claimed on purchase outright but there was WDA @ 8% which was available for tax relief. Working out which option provides most tax relief was just thinking about which expenses are available for tax relief.
I did the question about the corporation tax too and felt that it went ok – i struggled with the enhanced capital allowances, but there were three relatively easy marks for the loan, and then explaining how the capital allowances could potentially be claimed wasn’t too shabby, given that there was plenty to talk about.
I’m probably missing something massively here, but everything on the exam was well within capabilities – cue a fail!
Hand on heart I did exactly as you only difference I did class 1 ee and er nic not class 2 n 4 because o thought that was if they were sole trader or partnership I think they were employed?? Also I did write about the deduction of 15% on lease payments. You made me feel a little bit better but still think I will fail.
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