Forum Replies Created
- AuthorPosts
- January 18, 2021 at 12:40 am #606418
π
September 10, 2020 at 9:24 pm #584899I allocated the dividend percentage to the dividends to the Nci , calculated post acquisition change accounted for the depreciation and got a loss on disposal . I wasnβt sure what the 1 m loss had to do with.
September 10, 2020 at 7:18 pm #584870This paper wasnβt bad but I spent some time trying to get the excel spreadsheet to work
September 10, 2020 at 6:50 pm #584862Mine was property with a useful life of 20. I was asked to compute the gain on disposal .
Was was left as an associate and not a step disposal I got a bargain purchase of 32 though. Had to adjust for a 2 m liability which a provision was made for
September 10, 2020 at 6:45 pm #584859Mine had property with a useful life of 20 left anyone else got that?
September 10, 2020 at 6:43 pm #584857Land? Mine was properly and something about a report which came in after period end . Anyone else got something like that ?
September 10, 2020 at 6:41 pm #584855Mine was was a disposal not even a step disposal . Mine was only left with 15% I was starting to panic
December 8, 2017 at 8:54 pm #422100I added back the losses to balance the cash flow. It would have been similar to when they say that it would have been utilised against future cash flows. so I used the same concept as if it was like that and when it came to calculating the cash flow, added it back just like how we would add back for the tax allowable depreciation.
December 8, 2017 at 8:51 pm #422099Hey Thank you. My IRR was oddly high as well.
Like it was insanely highly. I used 20% and I was still getting a fairly positive number.
December 8, 2017 at 8:35 pm #422092How did you guys arrive at this figure?
What did you do for the year 1 and year 2 tax losses? Did you add back the tax credit on the cash flows?
Did you add it back as a tax credit so that there was a nil effect since it really wasnt a cash flow?
Based on the answers I believe that is what is causing my NPV to be 3,013 million versus this 1170 that everyone is doing. since I belive it was 2,230 in year 1 and a smaller amount in year 2. That times the Cost of Capital of 12% would have made the difference
December 8, 2017 at 6:40 pm #422067I got a NPV of 3,018. Clearly I did something very wrong
March 9, 2017 at 5:48 pm #377198I agree. I only got to attempt 82% was pressed for time
December 7, 2016 at 7:44 pm #362031My threats were self interest, intimidation and familiarity
December 7, 2016 at 7:43 pm #362030But wasnt it already a two tiered board???? there was the lower level and senior level
December 7, 2016 at 7:39 pm #362027Hey I would say leaning towards a pass…. but quite tentatively. If I do fail it would be like a 48/49. If I do pass it would be like a 50/51.
December 7, 2016 at 7:38 pm #362025What question are you referring to?
December 7, 2016 at 5:39 pm #355143Exactly… I just wrote back what I put in part b
Just said he should have disclosed his interest
Asked an independent accountant to review the accounts to get their findings
Consult with relevant internal authorities (compliance officer) or if they are aware of the activities the appropriate external authorities .. eg regulatory authorities.December 7, 2016 at 5:34 pm #355136The exam was semi ok . I did questions obv 1 , 2 and 4
I finished everything within 3 hours… Probably i didn’t write enough???
My threats were
Self Review
Intimidation
Familiarity – “assumed he developed a close relationship with the FD”For the Information Question
I wrote out the qualities of good information then explained why it was important
Question 1 – I explained the benefits of having the two tiered board but then explained the disadvantages. Then stated that the non execs although qualified in terms of financial reporting, they did not have the requisite knowledge of the core activities.
Then since control management and strategic objective development such structures act as a barrier for effective communication etc etc
Internal Controls
Failed to prevent and detect fraud and error
Failed to safeguard the “assets”
Failed to detect deviations from the agreed Risk AppetiteSeptember 9, 2016 at 8:21 pm #339563Overall it was not bad. The multiple choice questions were trickyyyyyyyyyyyy
September 9, 2016 at 7:23 pm #339547i got a 5% growth
September 9, 2016 at 7:11 pm #339540yes i wAS wondering WHY my NPV was so large. I as wondering if i did something wrong mine as 13 mil but i only realised the scrap value at the end so my end figure would be wrong
September 9, 2016 at 7:07 pm #339537i got 15,030 exact figure
June 13, 2016 at 10:20 am #322708Oh thought you were asking about question 3 in General. No only the calcs
June 13, 2016 at 5:03 am #322669Both
June 12, 2016 at 9:19 pm #322646Yes it was only 3 marks
- AuthorPosts