Friday, March 27, 2009

ACCA F6 - Discussion with Examiner

Below is my interpretation of what was discussed in today's meeting with the Examiner.

Generally computation ie. greater than or equal to 60% of total marks.

Question 1
Only 21% has >15 marks based on sample.
There are more parts to this question.
And this change in question structure is apparently the main reason for the generally poor overall performance of F6 students.

Question 2
56% achieved more than 11 marks based on sample.
The peculiar exceptions below were the killers ie.
- spousal transfer
- tax concession on royalty income of an author
- accrued income concept
- unable to compute net rental income

Question 3
less than 1% achieved more than 11 marks (Shocking!!!!)
Limited Liability Partnership is almost a sure thing for the coming exam.
Students unable to appreciate that past relevant deductions > than contributed capital.

Question 4 - GST
Part (a) and (b) were on GST. Part (c) - not GST.
Examiner said at least 10 marks will be assigned to GST in the exam.
Students unable to address pre-commencement expenses.

Question 5
51% scored more than 11 marks.

Other comments
Students did well in June 2008 exam but did very badly for Dec 2008 exam.
Warning to students - Order of set-off must be correctly stated in the utilisation of Capital Allowances/Losses/Donations.
Budget 2009 will not be examined in June 2009 exam.
Try to find out about tax-on-tax, tax reimbursement and tax allowance for the coming exam.

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