We are immensely disappointed because the 2009/2010 Financial Reporting Exam was highly unsatisfactory. We feel there is a significant difference in the course content and exam material. The examination covered several topics, of which some were not given enough treatment throughout the course. Some questions were of unreasonable length, and were not akin to the specimen papers or exercises provided. On top of that, given the time constraint, it was challenging to complete an already difficult exam paper and students who did the second question of section A had to endure a minor but possibly significant amendment in the question 30 minutes before the end of the exam period. We would also like to point out the unfairness of reducing the number of questions in section B given the amount of theory we had to learn throughout the course.