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1)Sir if in examiners marking scheme substantive procedure for valuation of PPE consist 1 mark so would writing that “agree revaluation amounts to valuation statement provided by valuer.” would be enough to obtain 1 mark or do I need to elaborate it further?
2) In andromeda s/d 15 question, question ask for substantive procedure for research and development expenditure, are the below two substantive procedure correct Although these two are NOT mentioned in examiners answer
a) Inspect budgets to confirm financial feasibility
b) Inspect invoices to verify expenditure incurred on R&D projects1 This is a pointless question as you do not see the examiner’s marking scheme when you are doing the exam. Explain each point you make as fully as you can. Aim for maximum clarity not the minimum you will get away with.However, there is not much more to say on this on this substantive procedure.
I WILL ANSWER NO MORE QUESTIONS ON MARK ALLOCATION
2 (a) Yes, relevant if R&D expenditure is capitalised
(b) This is mentioned twice in the ACCA answer.I will answer no more than ONE QUESTION PER DAY that you post (that is one question, not one post). When I answer a question I do so as fully as I think necessary. NO FOLLOW-UPS WILL BE ANSWERED IN THE FUTURE.
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