Paper F7 Dec 2010 exam was

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  • Avatar of admin
    admin
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    Anonymous
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    Q1 and Q2 is easy however my SOFP for both do not balanced. Total Assets exceeds Total Equity & Liabilities by 150k and 200k respectively. IMHO, the theories were really time constraints. the remaining 50 marks required alot of critical thinking and reasonable elaboration to get the marks. I’m in rush for last 2 questions and I think for Q4 II) I 4got to quantify the amount as I’m in rush to finish it on time


    Avatar of uid0191
    uid0191
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    did anyone get 150200 for qn2?:D


    Avatar of afifhere
    afifhere
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    @ uid0191..me!!..I think so :P


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    raheel_xtreme
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    what questions came up???


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    kmchugh
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    fair paper, time mgt was the main thing but couldnt ask for a nicer paper really, thank SS


    Avatar of uid0191
    uid0191
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    @raheel_xtreme said:
    what questions came up???

    qn1 consol soci and sfp
    qn2 soci,soce,sfp
    qn3 ratios and interpretations
    qn4 IAS8, IAS2
    qn5 IFRS5, IAS10


    Avatar of uid0191
    uid0191
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    @kmchugh said:
    fair paper, time mgt was the main thing but couldnt ask for a nicer paper really, thank SS

    very similar to dec 08 paper i think,
    those who have practiced that paper should do well


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    chipampa
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    time pressured


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    biruoshen
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    uid0191,what’s the result did you got for the Q1.Is it 63500.? i can not remeber clearly now


    Avatar of uid0191
    uid0191
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    @biruoshen said:
    uid0191,what’s the result did you got for the Q1.Is it 63500.? i can not remeber clearly now

    i only balanced my q2 lolz…
    should be some careless mistakes in q1 i think,
    but yes i remembered my numbers are very close…
    near 60000+:D


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    rafa2302
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    HHmm for me
    Qs1 : Profit for the yr: 15000 something
    SOFP 64000
    Qs 2: SOFP 150 000+


    Avatar of afifhere
    afifhere
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    I am just glad its over..phew!!


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    Sara222
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    first 2 qs were fair but Ratios i dint comment much plus i think interest cover ratio n debt ratio for 2010 could not b calculated as PBIT was negative loss Right?? n last qs could not complete :( i hope for 50 +


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    derrickagyiri
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    i made a huge mistake … i apportioned the month for the consolidation wrongly

    Pre inquisition is said 4 month and post acquisition i said 8 month

    how bad have i fuck up mates .. someone tell me :(


    Avatar of Handsome
    Handsome
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    I write FIFO as accounting policy and Life of asset Accounting estimate

    in Q 5 i write about dis continued operation

    Question 3 was ok, but lenghty

    Question 1 and 2 was good attempt, but not balanced :( there was difference of few numbers


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    Anonymous
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    o.O I tot 4 months post..pre 8 months?


    Avatar of M.I.Soofi
    M.I.Soofi
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    time management! missed the last question worth ten marks! but overall it was a fair paper. it was a gamble for me tho.
    cheers


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    Anonymous
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    Q4 I agree with dep as it increase profit ..disagree with inventory as decrease profit

    Q5 is about adjusting event and non adjusting event


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    sunny84
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    @derrickagyiri said:
    i made a huge mistake … i apportioned the month for the consolidation wrongly

    Pre inquisition is said 4 month and post acquisition i said 8 month

    how bad have i fuck up mates .. someone tell me :(

    Doesn’t matter. Thats just 1 mistake. May b 1-2 marks down. The examiner would check ur paper as per ur month apportionment. I just hope u didn’t mingle up these months in different papers of the question differently. If that was a constant treatment it wouldn’t cost u more than 2. So cheer up :)

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