ACA DEBK exam

vg88

Just did mine today, much harder then the toolkit.

Hopefully passed, how did others find it? And how long do results take to get?

lena.allez

I did mine on Dec. 9 in Blanchardstown.

About direction. Was lost trying to find that test centre, no indicators whatsever... Spent 30mins looking for this place and almost got the panick attack. For anyone who is doing in Blanchardstown, please take bus 39 and get off on bus stop 1904. Much easier that way.

The actual exam is harder and tricker than i expect. so many traps...... I've heard we gonna get it in around 3-4 days.

vg88

I got results next day on results page next day. I passed, but wasn't happy how the exam was. I felt the toolkit gave different expectations to what the exam would be like.

lena.allez

CAI result page? I still wait for mine....

lena.allez

thanks for the reminder. just checked. got 16.....

KungFuneral

Guys in the off-chance that you check this in the next few hours can anyone offer some help.

I'm noticing that the solution for working out the Depreciation Charge differs between Q.22 in the Mock 1 online exam and Q.3.52 in the Toolkit.

I'm sitting my exam tomorrow and have just hit somewhat of a crisis mode.

The method I had been using, and the method shown in the the Toolkit is as follows;

1. (Opening Balance - Disposal) x 20% = x

2. (Disposal x months of yr owned/12) x 20% = y

3. (Addition x months of yr owned/12) x 20% = z

x + y + z = Depreciation Charge


The method being shown in the mock works out the proportions on a monthly total value basis, or something that goes as follows;

{ (Opening Balance x 3/12) + ((Opening Balance + Addition) x 6/12) + ((Opening Balance + Addition - Disposal) x 3/12) } x 20%

Assuming the addition was made on April 1st, the disposal was made on September 1st and a 31st December YE.


I am almost certain that the first method is correct but I am a little bit thrown by the Mock Solution, and suprised I hadn't noticed it since I've gone over the mocks a good few times. I had assumed I'd gotten Q22 incorrect previously just due to addition errors.

vg88

KungFuneral wrote: »

Guys in the off-chance that you check this in the next few hours can anyone offer some help.

I'm noticing that the solution for working out the Depreciation Charge differs between Q.22 in the Mock 1 online exam and Q.3.52 in the Toolkit.

I'm sitting my exam tomorrow and have just hit somewhat of a crisis mode.

The method I had been using, and the method shown in the the Toolkit is as follows;

1. (Opening Balance - Disposal) x 20% = x

2. (Disposal x months of yr owned/12) x 20% = y

3. (Addition x months of yr owned/12) x 20% = z

x + y + z = Depreciation Charge


The method being shown in the mock works out the proportions on a monthly total value basis, or something that goes as follows;

{ (Opening Balance x 3/12) + ((Opening Balance + Addition) x 6/12) + ((Opening Balance + Addition - Disposal) x 3/12) } x 20%

Assuming the addition was made on April 1st, the disposal was made on September 1st and a 31st December YE.


I am almost certain that the first method is correct but I am a little bit thrown by the Mock Solution, and suprised I hadn't noticed it since I've gone over the mocks a good few times. I had assumed I'd gotten Q22 incorrect previously just due to addition errors.

For Depreciation I draw a T account. As the asset (debit to increase and credit to decrease) and if the question states it's proportional.

Debt_________________________________________________Credit
Opening balance (full year)*20% ¦ sold asset (x/12)*20%
new purchase (x/12)*20% ¦
New purchase (x/12)*20% ¦


I then have the debit minus credit side. The positive debit side would be the the deprecation charge.

T accounts help everything!!

I hope this helps, PM if you need any help