[amysnowy]

Well, It’s really hard to say whether ACCA will help changing your career…..sometimes you need good luck. If your company can provide some internal opportunity to staffs, it might be easy for you to move your role within the company, but I know not all companies are this open to staffs.

It was taking me about 2 years to find an accounting related job initially. (By the way, finance job doesn’t pay better comparing sales and marketing. I have seen some colleagues earn much higher than working in finance with the similar working years or even less…) How many years are you aiming to be qualified? part time study at night is hard while you are having a day job( don’t ask me how I know it…

Do you want to work in practice or industry? How quickly do you think you can get an accounting job after qualified or during your study? you might get your first accounting job salary which is even lower than what you current earn…..

if you are good at math and analytical work, Have you heard CFA?

Anyway, if you are determined to do ACCA, why care about other opinions? forget above!

[amysnowy]

AAA doesn’t connect to AA too much but SBR. You should make yourself understand and familiar with accounting standards.

Reviewing past papers is a good technique. The sample answer is very long but you don’t need to answer the exam question as the sample papers. Make sure you review and study at least 10 past papers, list all accounting standards tested, how describe it in past paper. understand it. There is certain way to answer Q1 regard ROMM, BR.

Read AAA forum for more exam techniques

If you still struggle with AAA, maybe you should think other option papers.

good luck and All the best

[amysnowy]

in 2020, value attributable to M investors=14375+6500, premium +MV debt,
in 2015, value attributable to A investors=2100+9000+7350, MV equity+ MV debt+ premium,

two questions have the similar logic, unbundle part of business, calculate PV after unbundling+ value of sell-off (+PV synergies in 2020) – value to acquiree company.

[amysnowy]

also, my calculation WACC before selling is 8.86%, if my calculation is correct, revised WACC is higher than before selling WACC,
but in answering (b), it says “The lower WACC will be brought about by a fall in the cost of equity as well as the fall in the cost of debt. A reduction in the complexity of the business may result in a reduction in central management costs”.

I wonder if the quoted sentence is referring revised WACC, it sounds revised WACC should be lower than before selling WACC, what the quoting sentence try to explain here?

[amysnowy]

Thanks tutor, I think my main confusion is “reclassified as current asset”, I understand we need to separate HFS from the normal classification, and stop depreciation. should it be asset held for sale rather than current asset?

many thanks

[amysnowy]

Kim Smith wrote:@charlie100 – see the guide https://www.accaglobal.com/content/dam/ACCA_Global/Students/Remote-exams/Step-by-step%20guide%20to%20booking%20remote%20session%20CBE.pdf

I did emailed ACCA previously, it replied refering time slot

I guessed
F1 early morning
F2 morning
F3 afternoon

[amysnowy]

ACCAFINALIST2021 wrote:Hi I just booked SBL with he at home function, not sure if it was a coincidence with timing but I used chrome and used the incognito window (Ctrl + Shft + n) as someone else said they did it that way.

Thanks very much!! It works!! I wish all the best to every student attempting March 2021, pass exams and qualified!

Good luck!!

[amysnowy]

any UK based student booked remote exam please successfully so far?

[amysnowy]

mine is not….

[amysnowy]

I suspect it’s the issue with Pearson, all exam booking through Vue run by Pearson. ACCA is using their service, maybe it’s the reason ACCA can only say to students ” system error”, ACCA doen’s know what is going on with Pearson system.

What a Monday!!

[amysnowy]

amyscatt125 wrote:Is anyone booking AAA

ME, no success

[amysnowy]

katieray07 wrote:I can’t book either. Was awake all night – tried booking at midnight, 2am, 3am, 5am, 7am, and still can’t now. Tried calling since 7:30am, and continuously busy/system error.
I have to agree, I am so frustrated with ACCA. They cancelled my March and June exams last year, then one of my September exams, meaning they have already pushed back my end date by 9 months.<br> I have 2 papers remaining, so am keen to get this done, and it seems to be exactly the same issues, every single time – do they not learn from their mistakes?

write to ACCA, stating all your experience, regardless what ACCA react, we have to right to present outselves. I knew a student exam been messed up last september, she complained, got £20 as compensation, not much, but ACCA should hear students’ voice. I am going to write to ACCA about remote exam booking, anything I am not happy with ACCA, I write to ACCA. They need to know

[amysnowy]

I assume all studnets wants to book remote exams are calling ACCA and the line must be very busy. I tried many times without success.

I didn’t booked any centre based exam previously, as I keep refreshing booking page, there is no ” at home” available.

It would be glad to know how the booking goes for anyone who has not previously booked exam centre based CBE

[amysnowy]

Still can’t book remote exams.

[amysnowy]

I kept refresh myACCA page for Romote exam booking,but there is nothing changed, still showing “choose location”, no “at home” option

DELETED

[amysnowy]

Thanks very much, Tutor

[amysnowy]

I have to say, it’s kind of OK paper in december 2020 but I have completed ugly… crying, 18 marks in Q1 missed out, don’t ask me what I have been thinking or doing….
I would admire who completed all exam questions. hope my post helps

CBE in AAA

Anyway, below is what I can remembered

Q1,

BR 12 mark
ROMM 18 marks

evidence on advertising cost and goodwill 6 each?
audit committee responsibilities to external audit 6 marks

Q2 two company, one listed one not
ethical issues
non assurance service, cash expenditure forecast.
offer coporate finance service to listed company

Q3 going concerns
a. indicators, but the question is different from other past exam papers, not much ratios or calculation but more interpreted the information (maybe I am wrong) 10 makrs
b. evidence for legal claim and bank overdraft. 10 marks
c, audit report impact 5 mark?

[amysnowy]

or maybe I am wrong, the lecture notes mentioned 15% of the choosen benchmark, what the benchmark could be to decide the “significance”? 15% of group revenue or total of group assets? or could be anything decided by management or group auditor?

Many thanks

[amysnowy]

at stage 2, should use $356825 * 8%, only in stage 3, using net value of the investment

[amysnowy]

Thanks for your reply. It’s SPECIMEN 2019 paper, not SEP/DEC 2019. Dando&Co audit Adams Group. it’s the same question as 2014 June Q1.

[amysnowy]

Anybody take CBE for AAA? I wonder what is the question for CBE exam.

[amysnowy]

also, what is the last sentense in the answer try to explain?
“the $6m will be offset against the corresponding lease liability with only a net figure being recorded in profit or loss”

[amysnowy]

apology

investing in PPE, add on CFI, deducted on CFO

[amysnowy]

additionally, I also wonder if there is most important syllabus areas which we should pay more attentions, such as strategy plan/action? risk management? project management?

[amysnowy]

First of all, please don’t loose your heart, the failures will lead us to the final success.You guys are very close to pass mark 50%. You might just need some exam technique to pass it next time.

I failed F9 June 2019 sitting. I am going to resit in September. I might not be the proper person to answer above question. As I have resit F7 and passed it at second time, I would like to share my idea and hopefully, it works for all of us.

1. using ACCA official website, there is an video about how to resit exam. it suggests ” read examiner’s report”. The examiner’s report will list weakness students made in the past exams, those could be our weakness too.

2. using past exam papers. it’s very important even the past paper only include section C questions. practice those questions, note down the syllabus areas have been tested in the past, how often the topics have been tested and how to answer it, maybe memorize the answer provided in the past paper by exam team.

3. practice as many as you can but also note down the incorrect questions and why answered it wrong. list the weak knowledge areas and read textbook again. practice all incorrect questions again.

4. if you have tried many times previously but failed, try to ask yourself, what have I done wrong? which syllabus area is my weakness? Have I understand it fully? Have I done good practice for it?

I hope it helps. Remember, we only need 50% to pass it and once we pass it, we don’t need to think about it!

Good luck to all of us!!!

[Author]

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