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Both emails are generic emails everyone gets, it has zero meaning!
Also as stated above the exam wouldn’t have been marked a week later.
I mean can anyone remember what the p6 breakdown was? I can’t seem to recollect it and tie it back to 35 marks.
Annoys me the sep/dec hybrid has non of the Dec exam.
I just rang ACCA now to ask them to send me my available certificates.
They said they have shut it down for the weekend and certificates wont be available now until the 16th.
Balls wish I had read this thread last-night.
Yeah doesn’t make much sense who knows with ACCA sometimes….
Dreading this P6 result, I’ve either done ok or terrible… time pressure to the max.
Also how did people deal with accommodation benefit?
Seemed too straight forward, applying the Mv – 75k x 3% value method + annual then just the annual and rent on the other option.
Both deductible and both needed nic @ 13.8%, after tax benefit before taking into account option of disposing the house lay with option 1????
Started q groups, no gain/no loss, with the base value being the original value paid and just over lapped areas where the new company joined etc.
Q1 who knows, I reduced trading income by salary, as it just wouldn’t tie up as a comparison between sole trader and incorporation, 50k income vs 30k salary plus dividend route. Then just applied the usual NIcs and corp tax comparisons??
B) incorporation pretty straight forward, <machinery less then 6k ignore. Use the incorporation formula to derive best amount by cash/loan to use AA.
C) 230% r and d, post tax benefits without including the already deducted amount.
D) VAT going concern, company registered? Cap allowances @TWDV transfer due to incorporation route?
I honestly done know if I have horribly failed or scrapped a pass.
For the investment appraisal? keeping the selling price at 30k throughout was making the project unprofitable, as other costs inflated?
Also the only bit that trumped me was the way it worded working capital, usually year 0 onwards and inflate, but the wording was so specific to it wanting it at a year one figure? So I placed it in year one then inflated probs wrong, my phase one was about 3m ish out.
BSM model tried two methods pa=pe, then some other mad method where I tried to extrapolate something around WC, probs wrong again.
Q2 Restructuring had cash left over after sell off and redundancy fees. Used fcf method for both based on the assumed growth and cost of capitals given. Reworked depreciation into the calculations based on the change which was 25% reducing balance, then reinvestments were equal to depreciation so netted off in terms of adding back phase.
Q3 only had time to do 6 marker and 9 marker, worked out FRAs but applied the companies spread on the gilts, then deducted the banks basis points, a lot of errors as time pressure was mad.
Probably failed. Bad time management, don’t even know where I stand, as everyone has a different answer.
Just incase anyone is interested,
Q3b footballer contracts and disposals
https://www.danielgeey.com/football-amortisation-chelseas-50m-luiz-profit/Q3c, FFP and Related party transactions in relation to PSG and Man City
https://www.danielgeey.com/financial-fair-play-and-psg/Pretty interesting to be fair. Still a ruthless exam!