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We acquired the company on 1st April 2017 and the liability was paid off on 31 May 2018. It is more than 12 months so we are not gonna make any adjustment. Since they have recognised the contingent liability before acquisation at 10 m and at acquisation it was 5 m so we will take 5m gain while calculating net assets at acquisation and at year end . For IAS 37 question i wrote that since the lawyers believe that the claim will not be successful and the amount was not reliably measureable we will just give thr disclosure in financial statements. Forgot to adjust the part sold at year end. Hope to get pass because paper was straight forward. In sha Allah
Passed with 60% in second attempt ( got 49% in first attempt). Thanks to almighty God. didnt expected to get pass due to unexpected topics in the exam. Gave 3 papers F6 F8 F9 passed all of them. reached to P level
Passed with 52% in first attempt. Thanks to almighty God. Took 3 papers and passed all of them reached to professional level