What did you think of F7 2009 paper? - ACCA Global Accountancy Discussion Forums

naddu200 · 06-09-2009, 07:22 PM

What was that??? i think this is the hardest paper i came across. it was tooo long and we had both cash flow and ratios

chegevara · 06-09-2009, 10:11 PM

fully agree ! in December it was much easier

phan87 · 06-10-2009, 02:51 AM

it is so tough..for the first question is ok , question 2 onwards= the began of disaster

roses · 06-10-2009, 03:31 AM

Agreed that Dec 2008 was much easier.

Piseth · 06-10-2009, 06:16 AM

Originally Posted by phan87

it is so tough..for the first question is ok , question 2 onwards= the began of disaster

That's right. Hope I can get enough marks to pass.

naddu200 · 06-10-2009, 10:21 AM

it took me ages to try to cover everything in Q1 coz its the only one i knew about. there was lots of

Q2 two was a mess... i cant remember what i did. it had everything i didnt cover ( leases and financial instruments)
Q3. the cash flow was straight forward ( i think) i couldn't find much adjustments.
the Ratios question was weird- what does he mean get the expected Gross margin?? it was too specific on what he wanted us to comment on

Q4. no idea what to answer
Q5. i think it was related to complex plant where you need to depreciate the engine alone. not that i did answer it. i just didnt get time.

I am keeping all my notes save... to be used again in Dec 09

Biglips · 06-10-2009, 11:55 AM

I totally agreed too. It was much easier in Dec 08. Definitely failed again! Cried for hours coz I really thought I could pass....

Casper007 · 06-10-2009, 12:22 PM

That paper was just too long!! There was nearly twice the amount of adjustments in Q1 & Q2 than December!! The rest of the questions were not too bad its just that there wasnt enough time to do all that!!!

In work, if i was to do a Consolidated balance sheet with adjustments from 2 years ago, a profit and loss and balance sheet, a cash flow statement and other analysis of info, all in 3 Hours, i would be made the CEO or Financial Director of the company straight away!!!