Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › The final Push for Tomorrow
- This topic has 13 replies, 5 voices, and was last updated 8 years ago by derek6666c.
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- September 5, 2016 at 11:44 am #337865
Hey everyone,
I hope everyone does well tomorrow.
With today being the last chance to study, I just wondered what everyone was focusing on?
I’m thinking I will focus on –
SOFP Consolidation with a change in structure
Employee benefits – pensions
Financial instruments
Share based payments
IFRS 15 revenueYou got any thoughts? Disagree with me on anything or have any crystal ball predictions?
September 5, 2016 at 12:14 pm #337875Thanks for the reply wesbyss.
All good points.
Any thoughts on what the current issue is likely to be?
September 5, 2016 at 3:10 pm #337914I am focusing on sme and conceptual framework for Q4.
P/l and cashflow for Q1.
Current standards: IFRS 5,8,11,15.
Hardest part with this exam is you could know the definitions of all the standards inside out but not have any idea how to apply them to the questions, half the battle is trying to understand what the examiner is testing.
September 5, 2016 at 4:23 pm #337942Ya maybe, it was tough in June so maybe examiner will want to question it again. Who knows tho no clear pattern to follow.
September 5, 2016 at 4:47 pm #337960Hi,
have you any examples in past papers of where the below came up in this structure before?
SOFP Consolidation with a change in structure
SoFP with a disposalThank you
September 5, 2016 at 5:00 pm #337973Thank you
September 5, 2016 at 5:30 pm #338010Looked at the IAS 37 ED but decided to omit it. Will look at IFRS 15 again, I know the 5 steps so just need to apply that to any question that comes up. Think I will do a SOFP tonight so just to refresh it. Related parties will show up somewhere too, that is topically.
September 5, 2016 at 5:45 pm #338041Watch your dated if doing a p/l there is usually a disposal mid year.
September 6, 2016 at 2:03 pm #338282I found it tough, I had negative retained earnings which really threw me, also wasn’t sure what to do with the PE for the NCI share when calculating goodwill.
Q2 and Q3 were tough too, ran out of time. What was the IFRS 15 part about? I said it shouldn’t be recognised under IFRS 15 but should be IFRS 9.
Will be repeating, much better than June tho which people were still giving out about.
September 6, 2016 at 2:34 pm #338287@wesbyss said:
the stardards to be applied to each question is quite obvious and the standards are hot topics.so the exam is quite easy in my view.I don’t believe too many students find the exam that easy at all. If it was then surely the pass rates would be much higher?
September 6, 2016 at 2:36 pm #338288It’s the toughest P paper no doubt.
September 6, 2016 at 3:44 pm #338309i thought it was quiet difficult i thick it was more to do with the face the goodwill was complicated on both cases which trough me a little….but you mentioned IAS 41 can you tell me where that appeared because i didnt see it anywhere :'(
September 6, 2016 at 4:16 pm #338316ohhh apologies i re read it there…thank god i thought i was really missing something….
September 6, 2016 at 5:18 pm #338359IAS 8 and IAS 10 were in there too, IAS 40 I think. Didn’t see IFRS 2! Were ur retained earnings negative?
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