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Hi, I just would like to know if I can use the existing videos for F7 exam on Opentuition.com to study for the examination in Jun 2012? I haven’t taken this paper in Dec 2011 so I want to start my preparation quite soon.
Many Thanks
Max
Thank you for the information.
I am not pessimistic I just want to prepare well for the exams.
Regards,
Max
Hi – sorry – I misread your original post and thought that you “had taken the paper in December” – that’s why I thought you were being pessimistic – because you had taken the paper and were therefore presumably predicting a fail ….
Oh, never mind – accept it was my mistake – I’m sorry
in chapter9 group accounts cpmprehensive example the lecturer say “goodwill attributable to the nci is 9950,whereas notes state” NCI was valued at date of acquisition is 87667…is this bcoz notes are changed?””
hi, yes. In addition, I need to re-record this question for June 2012 – there are a couple of areas which need amendment since the original recording.
Watch this space – the printed solution will be changed when the notes are next revised after the June session, but meanwhile I’ll be doing a re-record and hope that Admin will upload it
also there are no lectures for example 5 and 6 of CoSCI..retained earnings brought forward and midyear acquisitions
Can u please do Working 3 of example 5 here,,,(no lectures and answers available)
my working shows retained earnings of of 3570.Didzis and Ansis? $3,570? You must be joking! Didzis alone is $38,000 for the year. Which question are you looking at?
sorry i want to do working 3 of example 6.Lasma and Goda where per question lasma has 5200 retained earnings..adding dividends recievable from Goda of 180 and share of Godas post acq..of 305 (339 * 90%) i got 5685 now.unmatched with notes answers!
Hi
Number 1) you wouldn’t do W3 for Lasma / Goda – this is a SofCI question. Only need W3 for a SoFP question
However, if you want a W3 for Lasma, try this:
Lasma’s own 5,200
Dividend from Goda – the full dividend, not time apportioned 180
Less dividend (1,700)
Gves a total of 3,680Lasma’s share of Goda, post acq retained
90% x (( 7/12 x 1,180 ) – 200 ) 439.5Gives a total of 4,119.5
Add on the Lasma brought forwards of 6,500 will give a total of 10,619.5 which agrees with the printed answer!
🙂
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I am currently studying for F7 Paper June 2012 and have been given a 2007/08 ACCA Book published by Kaplan, is this book out of date now due to major changes in 2011? If so please could you advise if Kaplan or BPP is best for this paper.
Thanks
Well, of course 2007/2008 material is out of date. I hope you received this as a gift and that you didn’t buy it! For a start, there have been 6 exams since 2008! As for recommending any particular text ….. No, that’s certainly not in our remit!
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Hi
can you please tell me if its necessary to calculate both asset turnover and asset utilisation in the same question. If so, how do you explain a fall in asset turnover based on last yr’s figures when if calculated in the same question, there is an increase in asset utilisation
secondly are the both the same thing as their calculations are done differently
Many thanksI believe that you’ll find that there is typically a limit on the marks available for ratio calculations – probably around 6. It would therefore be unusual to expect to calculate and use two such similar ratios. the real marks in any interpretation question are for the interpretation ( there’s a shock! )
Dependent entirely on the question and the people for whom you are interpreting, six ratios spread around profitability, liquidity, gearing and investor ratios will be enough. Of course, some ratios will not be appropriate – for example a prospective bank lender will not normally be interested in the investor ratios but would be interested in liquidity and gearing and therefore also profitability.
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OK Thanks
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