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Christa

Profile picture of Christa
Active 4 years ago
  • Topics: 7
  • Replies: 108
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Viewing 25 posts - 1 through 25 (of 108 total)
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  • Author
    Posts
  • January 18, 2021 at 12:40 am #606418
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    πŸ™‚

    September 10, 2020 at 9:24 pm #584899
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    I 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 wasn’t sure what the 1 m loss had to do with.

    September 10, 2020 at 7:18 pm #584870
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    This paper wasn’t bad but I spent some time trying to get the excel spreadsheet to work

    September 10, 2020 at 6:50 pm #584862
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Mine 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 #584859
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Mine had property with a useful life of 20 left anyone else got that?

    September 10, 2020 at 6:43 pm #584857
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Land? 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 #584855
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Mine 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 #422100
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    I 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 #422099
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Hey 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 #422092
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    How 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 #422067
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    I got a NPV of 3,018. Clearly I did something very wrong

    March 9, 2017 at 5:48 pm #377198
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    I agree. I only got to attempt 82% was pressed for time

    December 7, 2016 at 7:44 pm #362031
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    My threats were self interest, intimidation and familiarity

    December 7, 2016 at 7:43 pm #362030
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    But wasnt it already a two tiered board???? there was the lower level and senior level

    December 7, 2016 at 7:39 pm #362027
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Hey 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 #362025
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    What question are you referring to?

    December 7, 2016 at 5:39 pm #355143
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Exactly… 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 #355136
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    The 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 Appetite

    September 9, 2016 at 8:21 pm #339563
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Overall it was not bad. The multiple choice questions were trickyyyyyyyyyyyy

    September 9, 2016 at 7:23 pm #339547
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    i got a 5% growth

    September 9, 2016 at 7:11 pm #339540
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    yes 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 #339537
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    i got 15,030 exact figure

    June 13, 2016 at 10:20 am #322708
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Oh thought you were asking about question 3 in General. No only the calcs

    June 13, 2016 at 5:03 am #322669
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Both

    June 12, 2016 at 9:19 pm #322646
    92ad6dfaa4c6b9350a8894c6409b9fbafe49d2a32561ea23e34fea464bb312bb 80Christa
    Member
    • Topics: 7
    • Replies: 108
    • β˜†β˜†

    Yes it was only 3 marks

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Viewing 25 posts - 1 through 25 (of 108 total)
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