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It was my first attempt and I don’t feel happy with my attempt. Throughout the exam I felt I was in a hurry and so I coudn’t think properly how to structure concise but relevant responses. I ended up giving more general responses which is bad.
I read Q1 (d) five times as I couldn’t understand the question asked. I responded, as many, using the building block model characteristics of standards and rewards. I do consider that the examiner could do better in formulating his questions in a clearer way.
I think my paper is a 40, I hope in a 50. I am in God’s hands now.
I have just noticed that the answer does say that the depreciation is not added back because it is assumed to be the same as the capital needed for reinvestment.
I do apologise.
It was OK, hopefully I did enough to pass.
Anyone remember how was the calculation of the MCQ which asked for the cost of equity?
They gave EPS of 0.80, ROE and the dividend payout ratio of 55% and other data@kinde said:
The correct calculation for Q32 good will
Cash paid 92,000
Contingent Lia. 23,996
NCI. 15,000
130,996SC. 60,000
Re at Aqu. 34,000
Revalu Sur.at Ac 4000
Fv. Adj for pp &inventory 15,600
Total NA at acquisition (113,600)GW ARISES AT CON. 17,396
Comment if you disagree,
I agree. But then when compiling the consolidated statement of financial position what other adjustment did you put for the inventory fair value adjustment at acquisition that was sold almost completely by year end (only 10% remained unsold at year end)?
Did you adjust retained earning and inventory?I haven’t seen any other past paper with this scenario.
The mcq No. 12 was really confusing for me. I also put C at the end.
I am really surprised about the fact that there was absolutely nothing about the statement of cash flow. No even one MCQ. On the other hand there were various MCQs about consolidation of FS which also was one of the section C questions.
The focus of this paper was mainly on consolidation of FS and ratios which featured in section A and C.
Anyway I think it is absolutely no sense to post exam results at midnight.. Why not at midday?! ..it wouldnt make any difference
In my opinion in general the questions were harder than those in the previous session. Some questions were with a style I have never seen in any F6 past paper.
I doubt I will pass
A pass with 73%. I am absolutely surprised about the result. I thought even if I’d had a pass it would have been very close to 50%.
Thanks God one exam less.. this is the only important thing
I have just checked on myacca on the website and it says that the results will be posted at 5am UK time. I thought it was at midnight..
In the ABC question, sorry not to agree but even if the two prices were the same at 110 and the company used a mark up to get that price for both, this does not mean that the costs were the same as well.
The mark up is a percentage on cost and obviously both costs and the mark up percentages for the two could have been different resulting in the same price.100 cost + 10% mark up is 110
90 cost + 22.23% mark up is 110Can someone explain to me how to tackle question 14 from the mcqs?
I am still not sure.Calculate learning rate.
First 10 unites took 120 hours.
Following 30 units took 150 hours.Thanks.
Lack of time, I had to rush a bit the MCQs. I think some of the MCQs are too long/too many calculations to do considering they give 2 points each only.
Question 4 was the hardest in my opinion as there was a lot to read and a lot of data. It was about Transfer pricing which I thought I studied well but at that point in the exam I didn’t have a fresh mind to answer properly as it was the last one that I attempted.
just hoping to have done enough to pass..