Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › substantive procedure
- This topic has 1 reply, 2 voices, and was last updated 4 years ago by Kim Smith.
- AuthorPosts
- May 17, 2019 at 3:14 pm #516263
Hello Sir,
for the examiner making scheme included in this post:
https://opentuition.com/topic/how-to-score-marks-in-aa-essential-guidance/for the substantive procedure,
the examiner will give no mark for the analytical procedure which compares this year figures /expense to last year, which said its rote learn the answer, but the past year exam answer always included this,
So its really not included this analytical procedure into the answer?
Thank you.May 17, 2019 at 5:39 pm #516270Delighted to see you have read the article – if you have any further questions about it you should be able to post a comment on the sticky post (it should be an open post) – and it will help me respond if you reference the script (candidate one or two), Q (17 or 18) and note # so I can see exactly what you are referring to.
I believe you are looking at Q18 – Candidate one notes 3 & 9.
“[Obtain a schedule of … and compare xxx with prior year xxx and investigate any variance”] – fill in xxx is a good example of a rote-learnt point.
Writing such points without giving any thought to them will not earn marks if it is not relevant to the Q scenario.So re note 3 – the scenario states that $1.9m was spent during the year and the costs are capitalised when IAS 38 criteria are met – so a big Q is how much of this has been expensed and how much has been capitalised? (and another issue is amortisation). To suggest “investigate [how?] any difference [just between an opening and closing balance?]” is far too vague a point.
And re note 9 – the matter identified in the requirement and scenario is specifically deprecation. Again “investigate [how?] any differences on [there would presumably be a lot – acquisitions/disposals/deprecation]” simply doesn’t address the question.
That these points are not worthy of marks is not to say that analytical procedures will not be given credit – if relevant, they would of course be awarded marks.
- AuthorPosts
- You must be logged in to reply to this topic.