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The comprehensive exam was okay provided one has gone through the overall lectures of the Opentuition platform.
*Sec C*
A) DRAWBACKS of incremental budgeting and BENEFITS of ZBB (Theoretical) along with little calculations.
B) Building Block (Performance Measurement)Overall the exam was OK & do appreciate that probably 60% exam was THEORETICAL as compared to the CALCULATIVE part. In addition, OpenTuition has been quite a handful platform and I appreciate Mr. Moffat’s efforts. Hoping for better results, GOODLUCK people!
Much Obliged!
Hi there, hope y’all doing fine!
With the support of OPEN TUITION and the tutor Mr. MIKE, I secured 87% in LW held on MAY 27, 2021.
Deepest gratitude towards OPEN TUITION, thank you again MIKE for being with us through thick ‘n’ thin. 🙂SIRRR, It was crystal clear you pulled the pieces of puzzle in a well understandable way thank you so much for your time, I’m glad 🙂
Have a blessed Good Friday!$250000 x 8% x 3/12 = $5000
$750000 x 8% = $60000
$500000 x 7% x 3/12 = $8750
Total =$73750Actually this was the answer but I still didn’t got through it!
I’m sorry SIR, actually I’ve been attempting online questions related to F3 & almost 99% attempt was correct but I was stuck at this question only so I thought to contact you…
Well if you say that revision KIT is enough then I’m satisfied and yes I also watched your lectures in fact at the end of each chapter I usually attempt opentuition online test containing 5 questions and by the grace of JESUS and with the help of your lecture I got everything obvious & I’m thankful for the blessings given in the form of lectures!I’m sorry I forgot to write the remaining entry held in inventory plus I’ve re-watched your lecture again & it helped me grasp the knowledge, thank you for the concern!
Hi john, I’ve a problem in the question…
P Co. acquired 75% of the shares in S Co. on 1 jan, 2000 when the retained earning of S Co. stood at $10000. During the year to 31 dec, 2002 S Co. sold good to P Co. for $10000 at a mark-up of 25%.
“Extract from SOFP at 31 dec, 2002:- it includes Retained Earning of P Co. $45000 and Retained Earning of S Co. $22000”
— Now I was successful in carrying out the unrealized profit which was $2000 in which unrealized profit attributable to Group was $1500 (2000*75%) and unrealized profit attributable to NCI was 500 (2000*25%)
SIR my question starts from here that what will be the ‘Group Retained Earnings’ and as in this question S Co. sold good to P Co. which means unrealized profit will be deducted from the S Co. reserves the how we will account for this adjustment while calculating ‘Group Retained Earning’?
Kindly SIR can you unpack this question, I’ll be thankful.
