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i dont remember names
I got the sofp in question 1 which had accounted consolidation when it should have done equity accountingHow about writing everything in the spreadsheet? I find it confusing going from one to the other in a single answer
I thought it was a very tricky exam.
Section a and b much harder than expected.
In section b i could not work out the value based on earnings yield!Did everyone get corp tax with seven month period? I cant remember if i forgot to adjust for seven months or the question was a 12 month period. I got the question where you had to adjust for capitalised expenses and claim group relief.
If thats the only mistake you wont loose eight marks as you get marks for revising the original and for working out variances even if the figures were wrong so you might have just lost 2 or 3 marks!
You needed to revise the original budget to half year and then flex that to the actual quantity
You needed to divide by two to reflect the fact that we are budgeting for a half year
What about the budget question were you supposed to flex the fixed costs or keep them the same?
And what where the shortcomings of their performance evaluation- was it specific to the calculations of ROCE and RI or where they the generic reasons (cons of ROCE and RI e.t.c)
Did anyone get section C question where you had to work out the ROCE and RI of division C the same way it was worked out for Division A and B?
I couldn’t figure out how it was calculated?
Anyone knows?I also got a statement of profit or loss.
I took my exam in England.
Was a fairly simple question.why are we only adding 3 million to the admin expenses and not the whole amount i.e. 4 million since the fraud was only discovered this year?
Chris mentions a study text quite often
do i need one can i not mange it with open tuition lectures and notes?I dont understand why the residual value has nothing to do with it
If its residual value is 2000 that means it could be sold for 2000 scrap value after using it?And if it is correct why do we do so?
Should it not be realised profit for the non controlling interest?When a subsidiary sells to a parent company we remove the purp on remaining unsold goods my understanding is that we remove the whole amount even the part that belongs to non controlling interest- meaning when we work out post acquisition retained earnings for the non controlling interest we first remove the PURP is this correct?
When we remove PURP from retained earnings why do we remove the full amount- for the non controlling interest it is realised profit?