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50 @ 2nd attempt. 42 last time. Couldn’t have done it without brilliant lectures from Chris. Thank you Chris and Open Tuition
Hi Mike,
Yes. The charities themselves do not appear to be in any rush to receive their money. They said they understand that some Estates can be complex and drawn out. However we the family want my Uncle’s wishes to be carried out. It makes no significant financial difference to me as my benefit would be maybe €50.
My cousin is trying to avoid inheritance tax by obtaining agricultural relief on my Uncle’s farm. My cousin has gone to 3 accountants already and they said given his strong financial position that he would not qualify. However, he has found an accountant now who maintains he would qualify for agricultural relief. Therefore, he is transferring shares to his spouse.
Many thanks,
I second that. I got 68 all thanks to OT.
OT is brilliant !!!!!!!!!!
Congrats affiliate
Thanks Mike,
It’s good to know the technique is available should I need to use it rarely.
Thanks Mike,
So say in the exam I can’t remember if ROCE is PBIT/CE or CE/PBIT, I should write both down and calculate both and I’d get the mark?
And to generalise, if I am certain that I have narrowed an answer down to 2 options, I should write both down. But surely there is a limit to how many times I can do this because the marker will say ‘this guy is just chancing his arm at anything’ ?
Thanks Mike,
I’m using the June 2014 BPP study text. I’ve googled IFRS15 but I can’t establish what parts of the standard I can ignore out of the hundreds of pages of PDFs.
Any ideas where I should go for IFRS15 examples apart from buying the September 2015 study text?
That’s my plan anyway 🙂
So, the PUPs and Dividends are between workings 2 and 3 in the consol SOFP question. I am thinking of calling PUPs W3, Dividends W4 and Cosol Ret’d Earns W5 and NCI W6. Will this make it clearer for the corrector or should I stick to your Ws 1 – 4.
When I am putting PUPs into Consol Retd Earns, I would like to be able to refer the PUP figure to a previous working number.
Thanks
Thanks Mike,
Regarding my workings for the MCQs, I presume it is OK to do these in the writing booklet provided. In June I did my MCQ workings on the question paper and I got a bit confused. Maybe if I had neater workings properly written out, it would be clearer to me.
Also, if I recall you have to put the question number at the top of each page. What will I write here if I am doing an MCQ working? I can’t put the number of the MCQ because if it is question 2, then the examiner or the computer might think it is question 2 from section B.
Thanks Mike,
I had always put the workings after the statements because this is the way it is done in the textbook. But I like your way and will try that.
I hope I don’t forget to transfer the figures that don’t need adjustment or workings. They always earn half a mark. Say in the question, the bank figure for the parent and subsidiary needed no adjustment, then it would just be a case of adding them and inserting the figure in the Consol SOFP.
As for the person who did only workings, wouldn’t she miss out on the half mark figures in the statements?
ah yes….minority interest…..I’m still adjusting to the new terminology from the old paper 2.5 (i think) UK version
Thanks Mike,
Continuing on to 1(b)(ii) preparation of the cost of sales extract for 3 marks, do you think it might be the same………make one mistake, lose half a mark………make 5 mistakes, lose two and a half marks?