[beatasz]

can someone actually tell me what was happening in q1 option B?
1. how to deal with the fact that the asset is within the company when they are taken over? is is different than when is sold before sale?
2. What was going on with the increase in shares?? was this something to do with share premium??? I am soooo confused.

I think q3 was a bit tricky as well but doable.

thanks and good luck for all!

[beatasz]

Xolile it doesn’t look like acca will put the words into action. Questions on web still the same. I am not planning to wast more time on them and won’t be hitting that wall any more. Need to pass this exam and thats me.

[beatasz]

Hi xolile,

Thanks a lot for letting me know. Lets see what happens.
Possibly more ppl not only two of us complained about it.

If i am honest i am so happy that i only have this one exam to pass as the changes they are making are not really student friendly in my opinion.

Thanks again,

Beata

[beatasz]

Xolile same here. I got 48marks and i am absolutly annoyed i cannot check model andwers. I have sent fb message as well. Lets see if anyone hets back to me.
I have requested dec 16 paper but of course they won’t do it.
Why? Who knows?!
It is like taking to the wall with ACCA.
I am glad is my last exam as the changes they make are not fir students benefits.

Regards

[beatasz]

can someone actually confirm that the whole Sep/Dec16 paper is in fact Sep 16 or made up??

[beatasz]

xolile this is strange argument, i do not understand the point…
I do find it very frustrating that not even one question came from Dec 16 exam and I cannot analyse the answers.

[beatasz]

I print and read through what you have said again but I got it.

Thanks very much for your time and taking my confusion seriously 🙂 very much appreciated!!

I will as well remember to RTFQ 🙂

Beata

[beatasz]

mike what I dont get is taht in that question goodwill is calculated as follow:

Consideration paid 120
NCI(132×25%) 33
_________

less Fv of net assets (132)
Impairment (4.2)
_______
Goodwill 16.8

This isnt really a way you calculate a goodwill by prportionate method is it?

that why I am confused…what I am missing ? 🙂

thanks!

[beatasz]

ok got you read through the full question carefully 🙂 thanks. yes got my lesson 🙂

[beatasz]

Oooo Mike please enough confusion for today 🙂 what do you mean RTFQ? I am still checking the question and answer for that as I am not sure I understand.

Thanks for coming back to me!

[beatasz]

sorry just see that is says that NCI is proportionately calculated… thanks!

[beatasz]

nothing mentioned in the question at all.but when I check how they calculated goodwill it looks like the used full method.

[beatasz]

made so many silly mistakes – just want to pass.

[beatasz]

Hi there,
I wanted to add something to Q11 from Practice Question. Apart from the correction of numbers for year ended 31 March 2013 wouldn’t be more beneficial (more correct) to allocate £16600 of AIA against the special rate first and then the rest against the main pool? In the answer for Q11 all 25000 is allocated against maion pool and this gave smaller capital allowance for that year.
Just asking because not sure how you suppose to answer the question if it would appear at exam.
Thank you for your help!

[beatasz]

HI Matthew – thanks for your replay. All the past papers updated with the rates and allowances for 2012/13 you can get from Practice & Revision Kit FA2012. I bought ine from BPP for £18.
Hope this helps!
Beata

[beatasz]

Passed 68%

[beatasz]

christophides, calm down mate! no one of us will tell you how many points you will get we are not the one to judge 🙂 relax now and wait till February!

[beatasz]

sorry the numbers are all over the place but hope you manage toi work it ou if no I will rewrite it again

[beatasz]

@christophides said:
in question 2 the note where it mentioned the loan note? was it issued or invested? in other words was it a liability? finance charge in p/l and non-current liability in balance sheet? anyone please

Hi there,

The loan note is non -current liability since the copmany needs to pay an intrest on it. Calculation to be done are:
25000
(1000) administration fee
24000
Interest 8%*24000 1920 finance cost IS
Interest paid to note holders (1500) (6%*25000)
24420 SOFP

Therefore
SOFP
6% lona notes 24420

IS
Finance cost (1920)

Hope it helped.

Beata

[beatasz]

guys, just wanted to share something with you. ON 8th I got my resoults 48points and today (16th)I received an e-mail form ACCA saying:
As you may know ACCA offers an Administrative Review service which allows students to apply for an administrative check of their results if they feel that their results do not reflect their perceived performance in an exam and where they feel that ACCA’s quality controls have not been applied properly in arriving at their mark.

As a result of this process an error has come to light in the calculation of your original mark for Paper F9 at the June 2012 exam session. The mark you achieved in this paper was 50% and not 48% as originally stated on the notification issued to you last week. This gives you a pass in this paper and your record will now be updated to reflect this change.

So I have passed OMG I am so happy.

[beatasz]

@zaami said:
passed with 55% finally on my 5th attempt….but never knew the reason of failure and low scores…!!

This is a big problem with ACCA in my opinion that you do not get a feedback.

[beatasz]

48 which is so dissapointing for me as I though I did enough to pass. anyway…December 12 again

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