Original exam-standard questions and mark-by-mark feedback within one business day. Every rubric is built and reviewed by a Chartered Accountant who ranked 6th worldwide in DipIFR (2024).
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Four compulsory written questions in 3h15, including a consolidation with adjustments you have to make first, in IFRS 18 format.
Turnaround for feedback during beta, with every report checked by a person before it reaches you.
Answer an original question under time pressure. Type it as you would in the computer-based exam: workings in a spreadsheet, narrative in text.
Every mark is tied to a line in your answer. Follow-through ("own figure") marks are applied the way markers apply them. Anything unclear goes to a human; it never silently scores zero.
You get your top 3 fixes, with the IFRS paragraph for each. Resubmit to check that you've closed the gap.
How marking works: an AI assigns marks against a detailed rubric, and must quote your answer as evidence for every mark. Software adds up the score and checks it for consistency. During beta, a person reviews every report.
A foundation-level consolidation to check your technique. The exam-standard version adds adjustments you have to make before consolidating, deferred tax, and an associate. That one is in the paid pack.
Original question © Neil Joseph 2026. Not an ACCA past paper. All amounts in $'000. Ignore deferred tax.
On 1 January 2026 Peak acquired 16 million of Stream's 20 million $1 equity shares. The consideration was $40,000 cash; a share exchange of 1 Peak share for every 2 Stream shares acquired, with Peak shares valued at $5 each (recorded correctly by Peak); and $13,310 payable on 31 December 2028, which Peak has not recorded. Peak's cost of capital is 10% a year. NCI is measured at fair value: $21,000 at acquisition.
| Statements of financial position at 31 Dec 2026 | Peak | Stream |
|---|---|---|
| Property, plant and equipment | 200,000 | 90,000 |
| Investment in Stream | 80,000 | – |
| Inventories | 30,000 | 20,000 |
| Trade receivables | 25,000 | 15,000 |
| Cash | 10,000 | 5,000 |
| Total assets | 345,000 | 130,000 |
| Equity shares of $1 | 108,000 | 20,000 |
| Share premium | 32,000 | – |
| Retained earnings | 140,000 | 70,000 |
| Long-term loans | 30,000 | – |
| Trade payables | 35,000 | 40,000 |
| Total equity and liabilities | 345,000 | 130,000 |
Required: Prepare the consolidated statement of financial position of the Peak group at 31 December 2026. (25 marks)
Submit your answer for free feedback
Free during beta: one submission per person. By submitting, you agree that we may use your anonymised answer to calibrate and test our marking, including review by an independent tutor. We keep it for up to 24 months and delete it on request (email below). We don't sell your data, and our AI provider doesn't train on submissions. Feedback is indicative, from a system still in calibration and checked by a person. It is not a prediction of your exam result.
An extract from a real-format report on the warm-up mock (a mid-level script):
| Item | Available | Awarded | Why |
|---|---|---|---|
| Goodwill | 6 | 4 | ✔ cash + shares, NCI, net assets · ✘ deferred consideration missing · ✘ legal claim not recognised |
| Inventories | 2 | 1 | ✘ unrealised profit worked on selling price, not on mark-up (25/125) |
| Intra-group balances | 2 | 0 | ✘ $3,000 not cancelled from receivables and payables |
| Retained earnings | 5 | 2 | ✘ unrealised profit and impairment charged wholly to the parent |
| Score | 25 | 12 | 48%: three fixes would have added about 8 marks |
Include it at present value in consideration, show it as a liability, and unwind it through finance costs.
Work out unrealised profit on mark-up. The seller is the subsidiary, so the NCI shares the adjustment.
A present obligation is recognised at fair value on acquisition, even though the subsidiary didn't recognise it.
One consolidation question with full feedback. Beta, limited places.
8 exam-standard questions (2 full mocks), feedback on every attempt, plus one resubmission per question. Early-access waitlist: you pay nothing now.
Up to 25 students × 4 questions, with one resubmission each, next-business-day turnaround, and you approve the final marks. Details
Give your students fast, consistent first-pass feedback on mocks, while you keep control of the final marks. Use our original questions or, by arrangement, your own (a rubric is built once and reviewed with you). It's available under your own brand. We never share your students' scripts with anyone outside the marking process.
We're running a small number of paid pilots for the June 2027 sitting. I'd also value 20 minutes of your time to understand how you handle mock marking today, with no obligation.
Contact: [email protected]
Neil Joseph is a Chartered Accountant (ICAI, 2018) who passed the ACCA Diploma in IFR with a world rank of 6 (2024). He has also passed CFA Level II, and has worked at Grant Thornton, EY GDS and in industry. He builds AI tools for finance teams.
No. LearnFinance is independent and isn't endorsed by ACCA. "DipIFR" is used only to describe the exam. All questions are original.
Yes. Questions follow the standards examinable for the December 2026 and June 2027 sittings, including IFRS 18 (examinable since December 2025).
You don't have to. During beta, a person reviews every report. The AI has to justify each mark by quoting your answer, software totals the score, and anything ambiguous is escalated rather than guessed. We publish our agreement rate against expert markers once the test set is complete.
Typed text and pasted spreadsheet workings work best. Photos of handwriting aren't supported yet.