In question a, do u think i will still get 1 mark for each point
Ill just write brief because i would simply want to check whether these kind of answers are acceptance
1. Compensation
If higher revenue, higher salary , bonus commissionetc
2. For investors
To attract new investors and retain existing investors
3. Future prospect
Can get bank loan if high revenue, mau also get other types of borrowing from banks for more increase in revenue
4. Reputation
High revenue obviously lead to higher sales
Therefore all these 4 r reasons why auditor shd presume that there are. Risk of fraud in reVenue recognition.
Do u think ill still get marks to pass ?
Ask the Tutor ACCA AAA
York co march june 2016
7y ago#1You should be able to see from the ACCA published and answers and marking guides whether you are on the right lines and your ideas would be worthy of marks.
But how do i know whether ill still get the marks when the answer i have written is significantly different from the acca piblished answers ?
7y ago#3Before you compare your answer you should read the model answer and understand that it answers the question set. For each answer point in your answer you then need to consider if it is sufficiently similar to make essentially the same point or significantly different. If the latter, your answer point might still be relevant, although I would say that AAA answers are generally quite comprehensive to cover most candidates' answer points. If you have lots of significantly difference answer points, the chances are that you misread the requirement. In this case you need to learn from the mistake. If you have passed an option paper already, you could look for a study buddy doing that paper who has already passed P7 (as an alternative to finding a study buddy also preparing for AAA for the first time).
Sign into reply to this topic.