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I am available too: adlerruth06@gmail.com
I don’t have instagram. If interested for a serious study session, adlerruth06@gmail.com
I am available too..adlerruth06@gmail.com
Following from the above, therefore as long as profit for the group is higher than incremental cost, then it is advisable to buy externally. Is this correct? Thanks for your time.
– can auditor accept lease of building from client at market price?
– who were the two officers that could take the job ( I choose Lorenzo, and Bill) ?
@rickleigh89 said:
Exam was generally ok but there was a 16 mark question on audit risks and auditor responses for a music festival company and I just had no clue.. did anyone else have this? What sort of things were they looking for?Classic audit risk and response
– going concern due to misstated liabilities, economic uncertainty and expansion
– first year audit – higher detention risk– for the artist bit,
50% in advance I wrote about overstatement of liabilities (cut off) and accruals..not sure if this is correctClassic audit risk and response
– going concern due to misstated liabilities, economic uncertainty and expansion
– first year audit – higher detention risk– for the artist bit,
50% in advance I wrote about overstatement of liabilities (cut off) and accruals..not sure if this is correctDear Mike,
Just to follow up on the above. I am assuming that the shareholder will exercise the right only when the equity shares is higher than loan+interest left at conversion.
Therefore, I am assuming that there is a ‘loss’ arising ? If that’s the case, where is it posted in P/L and Cash flow stat.?
Thanks for your time.* I am only a student*
Subsidiary – 50 – 100% – control – full consolidation (P + S)
Associate – 20 – 49% – significant influence – ( Equity accounting – investment)
Investment – 0 – 29% – investment (As for single entity accounts)The percentages are important, but also the member of the company acquiring’s role in the board of directors ( ex. more than half, even if acquiring less than 50%, can actually mean that the company acquiring has control).
You will find more under “introduction of groups”, whichever provider you are using. Hope it helps.
Dear Tutor, may I ask what are the book entries before, and after the inspector of taxes agrees the tax liability for the year? (Assume that tax liability calculated internally is 6,000 and the inspector ‘s figure is 6,600.
Before:
DR Tax paid (P/L) 6,000
CR Corporation tax (SOFP) 6,000After:
DR tax payable (P/L) 600
CR Deferred tax (SPFP) 600 (=> Underprovision)Thanks for your time.
@irina23568 said:
I wrote more at the first attempt and exam was faild with 2 marks. I think there is not OK for the maker, if the student answered more to insure hisself from the possible wrong answers. E.g. – the task was to write only one answer, scored by 1 mark. The questions have options to choice. To write more to get additional marks is the sign for the marker, you are not strong in AA.Make sense..Thanks!
What about the directors wages – can be set by the finance manager?
Could the internal auditor function be by itself an audit risk in case they lack due diligence-experience and independence?
Sometimes, I have set two test recommendations in one answer – if one is right and one is wrong, how they would mark it?
Thanks for your time
