[caroline22]

48% on 5th attempt. Gutted 🙁 :,(

[caroline22]

thanks for that, it makes it a bit more sense now, another question not relating to the revision but a general paper question.

For the MCQ question if you have to choose more than 1 answer and you only get 1 right will you be awarded half the 2 marks so 1 mark?

[caroline22]

thank you, that’s great. I was worried because in the syllabus it does say that some of the presumed F2 knowledge may be used in an exam. so I will follow your advice and only look back if I feel I need to.

thanks

[caroline22]

no i haven’t,

sorry its me, i don’t think i have done well in the exam and i’m wondering if i’m doing something wrong. I understand why things are done the way they are, its remembering what goes where, and remembering how the calculations are done that i keep going blank on.

More practice I think (although this will be 4th attempt in June if i do not pass)

I noticed the agriculture chapter was added in the chapters, I have a Students guide to international reporting standards book by clare finch (spaghetti hoop book). which helped with the understanding of that section and also the revenue recognition

[caroline22]

i completely forgot about the equation for the linear question but did my calculations based on contribution per minute and my answer gave me x – 20000 & Y 66000.

I mixed minimax & maximaxi up and talked about the rule being choose the best outcome and chose £30 then worked out the totals for each and deducted the fixed costs and advertising costs and chose the best out of the 2. hopefully will still get me some marks.

question 3 – i did the transfer pricing same kind of example we have learnt through this lecture.
Gearbox division could save 5% so i calculated 5% of 7550 (i think that’s the amount) and deducted from the sales figure which would give the maximum price they are willing to pay. and then worked out the 40% of the 7550 to give the variable costs and deducted that from the 7550 to give minimum C co would be willing to transfer at.

Absorption costing – i added both products total costs together then added the indirect costs – as reading the question it said calculate full production costs and then divided by total number of labour hours which gave me 31.something

question 5 i put
actual units at budgeted contribution
actual units at actual contribution

sales
budgeted units
actual units
then mulitplied the answer with the actual sales per unit.

ROCE used revenue instead of operating profit but discussed that it was a way for the managers to look at the income based on their investment, how much money they are making to the investment amount.
asset turnover – i used operating profit/ capital employed – as i couldn’t see a total asset figure – discussed that it was a way for management to see how much money the assets were generating.

fingers crossed though.

[caroline22]

hello,

I have recently failed f7 for the first time, as the lectures start at chapter 6 and its been a while since I did my AAT level 4, what would be the best lectures to watch to remind me of the notes and techniques for chapters before chapter 6.

thank you

[caroline22]

Is it possible to have an audio copy of the lecture for short term decision making sent to me, I feel i would really benefit from this. thanks

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