[alice10]

Oh dear I misread Q1 a I thought it was around internal audit l!! Damn 6marks lost! Hope I picked it up in the rest of the paper I’ll try not to panic too much!!

[alice10]

Hi

No unfortunately i do not have the solutions to the mock, the requirement is to prepare consolidated P&L.

Would I need to prepare sage as a consolidation upto the point of the disposal which is 6month from year end?

Do I need to prepare saffron seperately & convert into $ then add to consolidated P&L
I’m also not sure how to treat the following Parsley commenced construction of a head office & financed through General borrowing for cost of $10m. parsley had following loan outstanding for whole year:
10% bank loan $14m
8% loan note $6m

All interest has been expensed to P&L

Many thanks

[alice10]

Hi All

I’m glad I’m not the only one that felt section A was very difficult I had to hazard a guess on most of the wordy questions and have never seen them in my notes!

For the Fx question 3 to work out the other countries interest rate did you just need to rearrange the formula??

When will you be posting the answers to this paper? Many thanks

[Author]

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