[Charan]

@dilawarkhandk said:
Which study resources did you use? Book, revision kit, lectures?

I used beckers and Kaplan revision it

[Charan]

@johnnygsy said:
Pass first time with 63, link theory worked!

Me too so did ebuisness

[Charan]

@sunny1195 said:
First fail since F1. 47%, don’t know how to take it.

Hold in there you’ll get through , is this your first paper in the professionals ?

[Charan]

Did anyone write for question 5 the last one criteria ” personal development and enhancement” – staff problems as lack of recognition for their ideas and management approach is to take credit for the employee ideas by treating it as their own?

[Charan]

@tural yup I did that

[Charan]

Does anyone remember if they wrote about the audit committee and nominations committee In The first question? Like the weakness is about nomination commite not doing their work and audit committee not having NEDS with relevant financial info and this leads to lack of effective overview of financials? And also did anyone right in question 2a whether the experts view regarding conclusions could be a bit exaggerated as he based it on just a reasonable reading and not more deep research into it?

[Charan]

Does anyone know any tutor who will be giving their answers to the questions??

[Charan]

In question 3a. I didn’t do the EV method instead did the minimax regret for the risk neutral stakeholder but I used the Probabilities and calculated the average FX rate for over the life of the asset .

(0.75% Chance of 10% increase in D$ so thus for K$ = 2 *1.1 = 2.2
0.25% chance of 10% fall in D$ so thus for k $ = 2*0.9 = 1.8
total = 4/2 = 2

[Charan]

Guys the first question
Evaluate the performance reporting system? Does this mean the same as evaluate the performance report ???

Because I did the latter. I think I could be wrong

[Charan]

hey guys is there any website where a tutor answers the sept 2018 exam question paper since the question paper is now available on the acca global website

[Charan]

I don’t think so , as all the practice sums I have done we have never done that , but I could be wrong

[Charan]

I took last year’s liability and added it to the deferred tax charge for the year which was 1.5 mill ×26%

[Charan]

Suraj that’s what I wanted to tell as well as that is what is said in the text book itself the examining team cannot ignore that , but it’s just my opininon

[Charan]

Inventory shouldn’t include selling costs so saleable condition means that it would be included

[Charan]

Both won’t be discontinued only the second one for the first one he completely changed his business stream, that’s how I saw it

[Charan]

Which one was that I’m not able to remember

[Charan]

It was closing inventory, I remember it well

[Charan]

I got tax adjustment to be 1400+390 , my PAT was 4445 , not sure hoping for listing and method marks

[Charan]

I’m not sure but since we changed the profit of prior period we change the same to present retained earnings to show a consistent comparison

[Charan]

Yes you reduce both

[Charan]

For the inventory figures I treated it retrospectively and I did it for 2004 by adding opening inventory and deducting closing inventory, I added 150 to retained earnings for change in accounting policy

[Charan]

I got 850 , and I apportioned the profit between the disposed and existing operations

[Charan]

And in Q31 how do you separate profit of the disposed subsidiary from the rest

[Charan]

What did you guys do with the new inventory figures in Q32?

[Charan]

Passed with 60% thank you open tuition , and Mr. Moffat , I passed thanks to you guys on my first attempt , absolutely estactic

[Author]

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