All posts

📊 Solving three key questions that confuse many candidates What is the tax base? Why is the tax base of many accounting provisions zero? Why does an asset with a carrying amount greater than its tax base give rise to a DTL, while a liability with a carrying amount greater than its tax base gives rise to a DTA? What is the tax base? Remember this in one sentence: 🔴 Carrying amount = how much accounting thinks it is worth🔴 Tax base = how much the tax authority thinks it is w

This semester, RTA has introduced AI-assisted marking for assessments. For those familiar with the CA marking process, it often feels like a "black box." Sometimes, you only receive an overall score without knowing exactly where marks were lost. Even when question-by-question marks are provided, it can still be unclear why certain marks were deducted. After reading the feedback, many students are left wondering how they can improve for future assessments. The introduction of

The official FAR226 pass rate was below 65%, making it one of the lowest pass rates in recent years. After reviewing the exam paper and examiner feedback, I believe there were several key reasons behind the result. 1. Fewer Questions Closely Resembling Past Exams Many candidates rely heavily on practising past exam questions. While there is nothing inherently wrong with this approach, FAR226 demonstrated the limitations of relying on past papers alone. For example, Question 1

In this blog, we cover the following key areas: 1. FAR Content Overview 2. Requirements to Pass the Module 3. Core...