10-29-2010, 06:02 PM
I appeared in KPMG Lahore test conducted on 24th October and one thing I would like to tell about every student willing to appear in KPMG test. That is, KPMG has changed their testing procedure.
ACCA students are asked to give a completely new designed ACCA based test which is very much different from the C.A Inter test.
Questions asked were
1. Consolidated Income statement and balance sheet with foreign subsidiary i.e, exchange gain/loss for every treatment.
2. Internal audit procedures for payroll, it's objectives and weaknesses to be detected in a given scenario.
3. a 12 marks question on a very tough scenario of DEFERRED TAX.
4. NPV computation with IRR formula asked, incorporated with TAX computations.
5. A english question, with a scenario defined and questions asked about it.
It was a 3 hour paper for 100 marks. Whereas C.A inter test was a 2 hour paper which description is already defined in this thread. So, be aware every ACCA student, KPMG doubts ACCA's paper checking, may be that's the only reason, else I don't think why they would make such difficult paper, bloody losers!
I was taken by a shock when they handed a 12 paged question paper, I don't want any other fellow to be taken by such shock. So, prepare yourselves to each extent.
ACCA students are asked to give a completely new designed ACCA based test which is very much different from the C.A Inter test.
Questions asked were
1. Consolidated Income statement and balance sheet with foreign subsidiary i.e, exchange gain/loss for every treatment.
2. Internal audit procedures for payroll, it's objectives and weaknesses to be detected in a given scenario.
3. a 12 marks question on a very tough scenario of DEFERRED TAX.
4. NPV computation with IRR formula asked, incorporated with TAX computations.
5. A english question, with a scenario defined and questions asked about it.
It was a 3 hour paper for 100 marks. Whereas C.A inter test was a 2 hour paper which description is already defined in this thread. So, be aware every ACCA student, KPMG doubts ACCA's paper checking, may be that's the only reason, else I don't think why they would make such difficult paper, bloody losers!
I was taken by a shock when they handed a 12 paged question paper, I don't want any other fellow to be taken by such shock. So, prepare yourselves to each extent.
