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Over the past few days a number of errors in the examples and questions in the notes have been notified to us. We are grateful for those notifications and apologise for the errors.
We believe we have now corrected all of these errors and a new edition of the notes has been uploaded.
Thanks for your patience.
Hello, Example 3 in notes FA1 and FA2 is the same, but the answers are different. On my opinion the answer in FA2 is wrong, where costs of inventory posted as 850, the same as the selling price instead of 500. I uploaded new corrected notes, as you advised, but mistake still there, nothing changed. Is there are any more mistakes I have to know about, please?
Kind Regards, Anzhela.
You are correct. Thank you for pointing that out.
We are not aware of other mistakes. All errors are correctly promptly after we become aware of them.
Hello, Mr Garrett! As a control account reconciliations is an important part in exam, decided to mention that on pages 45 of the notes FA1 and FA2, on my opinion error 2. has to be written as An invoice for $500 in the day book was posted as $200 to B’s account (not $300). and in solution 2. $500 – $200 (not$300) = $300 (not $200) too little posted to B Ltd. Please advice on this.
You are completely correct. A correction to the notes will soon be uploaded.
Thank you.
Dear Mr Carrett, I don’t want to be annoying but I stacked again. Page 95, Chapter 8, Illustration 4.
I calculated basic pay = 40x$9 = $360,
but in an illustration stated 45x$9 = $405.
I have got total to pay $360 + $60 = $420
Thank you.
AnzhelaThanks – you are not annoying and we welcome feedback.
I think you must be very dilligient because these notes have been there for about 2 years and I’m surprised your points have not been reported before.
Once again,
Thanks.
Hello Mr Garrett, Thank you for you replays, they are important to me. Despite the notes not very fresh, as you said, I found them very helpful in practicing. I past last week FA1, not very proud, but not bad as I didn’t study ages (80% pass) and I did calculations on paper because bought new calculator and didn’t have chance to look how to use it :)), so wasn’t enough time to answer all questions and on some did stupid mistakes I know. Anyway I have a question again: FA2 Chapter 9, Example 4, answer page 159, notes page 157, irrecoverable debts 400 in the row of Suppliers, is it right or wrong, please advice.
Thank you,
AnzhelaYou are correct: should be in row of customers. Thank you.
I don’t know why you are not pleased with 80%. That is an excellent mark: well done!
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