View Full Version : How was your F8 exam & Best of luck
Best of Luck to all the F8 candidates for tomorrow exam
Thank you man ,
Good luck with your F9 too , we will carry our last 8 Questions tomorrow. so you do it yourself and at night we will revise.
Regards
ACID is giving his exam his now...i hope he does good
jrggraham
04-06-08, 01:31 PM
ACID is giving his exam his now...i hope he does good you are worried? I have all confidence he will do great.
Hi Asif Hi Jrggraham,
Thank you very much for your concerns!
Paper went OK .
Q1 came on TEST OF CONTROLS on a weirdo case study so I dont think I'll score more then 4 on test of controls .
Q 2 , 3 , 4 , 5 were good and I did good on it and they are the only hope to pass now.
Question on utsourcing of internal audit made life much easier.
I dont want to make any bold comment If I would pass or fail because I got to big blows in mock. First I got 39 then a day before exam in mock i got 49.5!
I hope that I pass and so does everyone else!
Best Wishes
claudia2280
04-06-08, 03:35 PM
I think the paper was fair.
I liked the first question, except the 12 marks section, the second and the fifth. However don't know how I should answer the 3. and 4. question. I really hope I have passed, but I not sure.
Q3 was probably the sweetest part of the paper. I read a similat question in my revision and the examiner tip said that it seems dauting but we shuoldnt get worried and carry on nicely.. So I calculated new few ratios , made comparision from last year and found out te reasons of such fluctuations !.
Best wishes
I would like to thank Vandana for a quick marking of my mock exam which was I did just the night before exam and to be precise just before going to bed. The feedback taught me a lot and gave me a good confidence for the exam.
Q5 in exam was on going concern and in my mock exam there was a similar question with some exactly same parts like that in the exams so I just wrote everything from my mind!
I would recommend everyone to do F8 GTG Mock exam !.
Good Lord , I hope I pass!
I would like to thank Vandana for a quick marking of my mock exam which was I did just the night before exam and to be precise just before going to bed. The feedback taught me a lot and gave me a good confidence for the exam.
Q5 in exam was on going concern and in my mock exam there was a similar question with some exactly same parts like that in the exams so I just wrote everything from my mind!
I would recommend everyone to do F8 GTG Mock exam !.
Good Lord , I hope I pass!
HI
I'm sure you alwight!! look at the movement from the trend from 39 to 49.5, surely you'll get at least 51 in the real exam :wink:
Good luck to you in F9, i find this one quite tough!!
Haha
claudia2280
04-06-08, 05:48 PM
@ Acid
What do you think was the solution to Question 3?
HI
I'm sure you alwight!! look at the movement from the trend from 39 to 49.5, surely you'll get at least 51 in the real exam :wink:
Good luck to you in F9, i find this one quite tough!!
Haha
Haha ,
You are right and I m hoping for 51 now :laugh:
Yea F9 seems tougher and besides I havent given any mock so dont have a clue that in how much deep in water i am !.
Wish you all the best and let me know how you go through F9.
Gud luck
Hi Claudia
We had to calculate ratios eg. Gross profit margin , sales decrease/increase and then comment on them and interpret the reasons.
It was quite any easy one... what did you write for that ?
jrggraham
04-06-08, 07:02 PM
i love reading these threads as reading them is making me wonder if i am to do F8 and nine together:swoon:
claudia2280
04-06-08, 07:04 PM
That ist what I did. However, I think I could not come up with a satisfactory explanation for all changes. Do you have found one?
The way I understand the question we should not say that the changes were due to fraud/ mistakes in the preparation but find other explanations. Unfortunatly my friends who sit the exam with me said, the mistakes were all due to mistakes/ fraud. This makes me insecure.
what did you say your reasons were for the changes on that question>
I spent far to long thinking about tests of controls on the first question...and then I had to fly through the rest of the questions which I found were pretty okay and could attempt them all but left myself way too short on time to answer to the best of my knowledge but at least I attempted all the questions. Hoooooopefully enough to pass
oh god, I didnt do any ratios the changes were obviously from looking at the question,
I thought that it was due to restructuring of the company causing the decrease in cos of or another possibility was buying cheaper goods which had a knockon effect to increase the turnover but stated that proceedures would this be sustainable in the future.
also decrease in admin costs could be cost saving again but would this have a knockon effect on the quality of internal controls if admin staff had been reduced?
I didnt come across anything like this in my revision so I was playing it blind
Even I had a tough time finding any flaw in there systems and wasnt able to provide reasonable assurance but i did say that the process of first customer loading goods to vehicle and then issueing a GDN was ridiculous!
claudia2280
04-06-08, 07:53 PM
I haven't calculated any special ratios, just the changes from one year to the next.
I came up with similar things. Cheaper supplier, more advertising, new loan.
@ Claudia , you did well then!
Congrats!
claudia2280
04-06-08, 08:43 PM
Thanks, but "well" is probably exaggerated.
I just hope I scored well enough to get 51%. Then I will be satisfied.
for part 3 i found that quite easy did a little GP comparison and sales to cost of sales and there was a 20% difference, the problem was cost of sales basically, admin was down even though sales were up and there was an investment income in the new year 08 yr.
reasons
possible mis allocation of investment costs which backed up buyer cheaper admin costs and incestment income of 145 was possibility in 07 and hence greater cost of sale, bulk buy discounts that only crystalise after a year, agreement with supplier to be preffered and hence better prices, didnt get the fraud one well done
1st question really stumped me test of control was awful, had trouble on the little questions here and there question 3 made my life alot better and 5 was ok about the debtors i think you had to pick a mix of old and new and the credit balance look dodgy aswell also pick small amounts and large amounts
but it was an easy paper to fail i spend ages revising oh well F9 tomorrow
jrggraham
04-06-08, 10:18 PM
F8 seems to be a hot topic here does it takes alot of your study time guys?:wideeyed:
Pixiefeet
09-06-08, 04:22 PM
I was sooooo sore after f8, I think I just went into auto because I was writin like hell:arghh:
jrggraham
10-06-08, 12:03 AM
:laugh:
:laugh:
I think we had to calculate certain ratios like GP, NP , Operating expenses over sales.Part a was on APs so this was a hint and i missed it.
I just mentioned the % increase, decrease with reasons. Now i realize that i had to calculate these ratios as well.
Silly mistakes!!
yeaa! we had to do that zaini!
Thanks God I did atleast something right!
Does someone know when the answers will be available in ACCA website?
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