After many months of studying, today has come for my first paper that is POA.
been studying everyday all these while (and for those who knows me will know that i have very short attention span, which means i never in my life studied everyday and dread sitting at the table for more that 1 hr at a time) but i really persevere as i know taking a degree is not the same as in poly where you can study last min.
i freaked out during the 15mins reading time as i flipped through all the qns.
Section A: choose 6 qns - 5 mrks each
Section B: P & L and Balance Sheet (Compulsory) - 30 marks
Section C: choose 2 qns - 20 marks each
for the first time in my life, i've nv seen a paper so difficult and tedious.
usually, i have no prob at choosing 6 qns for section A, but the options available are all so difficult and tedious, so i finally choose my six but decide to do 4 first as doing that 4 is so tricky and takes alot of my time thinkng it through. P & L and balance sheet is also tricky and alot alot of adjustments. all the adjustments are chunk by chunk..
really hope to get cash flow statement for section C, but to my disappointment, CF only comes out at Section A and it does not tally as they only gave us depn and loss on disposal therefore doing the capital expenditure part halfway as we do not know the cash proceeds from disposal...
ends up section c and i'm left with 30 mins to the end of paper..i know my chances of finishing both qns are slim..so between the NPV and cash budget...i choose to do the NPV as it is more easier to score points as the cash budget have too many adjustments and thinking to do for 30 mins..20 marks down the drain for only finishing 1 qns.
tha paper is damn tough as it is harder than prelims, 08 & 07 papers...omg omg!! really hope i could pass this paper...totally not enough time given as the adjustment are very lengthy and need to decipher what they are trying to say...
morale of the story: UOL papers are not easy to pass although the passing mrks is 34/100 (passing marks is 34 for a reason as it is really hard to score their marks since there's alot to do and think for a meagre few marks)
quit bitching bout the paper and move on as there are 3 more papers to go.
pls give me a pass...