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Hello again Mr Moffat
As per my calculations, the balancing figure is 780, but this includes
1. ST loans and overdrafts
2. other payablesWe are given that other payables = $472m in 20X4, but no further information is given as to how this would change in the following years.
So how did they calculate ST loan as 266 and other payables as 514 in the SOFP?
JakeDoughty wrote:Negative NPV about 13m , negative APV about 2m I think. Did you?
Somewhere in the vicinity I think.
JakeDoughty wrote:GRA 6.3, futures 6.31 options 6.6. You?
FRA fixes the rate at 5 point something right? I hadn’t revised this part well enough.
Futures and options effective interest rate were mightily close, with options slightly worse. I’m probably wrong.Too close to call. It was mostly direct questions but the first aquisition question was information overload. Could have scored more if I hadn’t kept it for last. The APV and hedging questions were direct but it all hinges on my calculations being error free.
I feel like I’m going to get somewhere between 45 and 55.I had the hospital, bus company and cleaning company questions. I agree, it was difficult to understand what was being asked for. Requirements were in within the exhibits. I copied the requirements onto the word processor just to be in touch with it while framing my response.
Other than that, it was easy for me overall. A lot of what was being asked for were repetitions from previous year papers.
Make sure you practice tons of questions from question banks. Don’t revising the notes. You will accumulate everything you need if you go through enough questions. If you are having trouble managing time during the exam, practice using a timer. Maybe you are taking too much time to type in your answer. If that’s the case, practice on a computer.
I had failed it twice myself, so I know how it feels. But if you just keep pushing, you will go through. Good Luck.
Thanks for the help guys. I’ll try out a few practice exams and see for myself.
Got it. Tax was to be paid in arrears which means it was the savings of year 3 in T4 which was rightly 10547.
There’s no option to delete the thread. Now that you’re here, is there anything wrong with the way I dealt with tax savings in year 4?
Thanks.Oh yes. I totally misunderstood the question. Thanks for clearing that up.
BTW I do watch all your lectures. In fact, I passed 6 of my previous 8 papers using OpenTuition notes and lectures only (along with revision kit of course). The work that y’all are doing is a great help. Thanks a lot.
@irfanullahjan said:
Where does it say you can’t have any professional papers passed before submitting RAP?I remember reading something like that. Maybe I misread. Thanks for clearing that up.
Also the document you linked is very helpful.Final question— how long would I need to get through the entire thing? Period 40 RAP submission last date is 13 May. How many months prior should I start?
Hey,
I’m attempting f9 financial management paper on September 2019. The results won’t be out until first week of October. When is the earliest date that I’d need to start preparing for OBU?
From the little that I understand, I won’t be eligible (or ready) to attempt it on period 39 September, right? I read somewhere that period 40 will be in March. If that’s the case, given the eligibility criteria that applicants should not have passed any of the professional level papers before attempting BSc, is it worth to wait that long and skip 2 exam sessions?
Thanks in advance
Q3) On 1 October 20X6 Plateau acquired the following non-current investment: 3 million equity shares in Savannah by an exchange of one share in Plateau for every two shares in Savannah plus $1.25 per acquired Savannah share in cash. The market price of each Plateau share at the date of acquisition was $6 and the market price of each Savannah share at the date of acquisition was $3.25.
On 1 October 20X6, Plateau sold an item of plant to Savannah at its agreed fair value of $2.5 million. Its carrying amount prior to the sale was $2 million. The estimated remaining life of the plant at the date of sale was five years (straight-line depreciation).
What is the correct journal to post the unrealised profit on the transfer of plant?
My answer:
DR Group retained earnings $0.5m
CR Property, plant and equipment $0.5mBPP answer:
DR Group retained earnings $0.4m
CR Property, plant and equipment $0.4mQ4) On 1 October 20X6 Plateau acquired 30% of the equity shares of Axle at a cost of $7.50 per share in cash.
Retained earnings
– at 30 September 20X6 = 11000
– for year ended 30 September 20X7 = 5000
What amount will be shown in the consolidated statement of financial position at 30 September 20X7 in respect of the investment in Axle?My answer:
Cost (4m x 30% x $7.50) = 9m
Share of post-acquisition retained earnings (6,000 × 30%) = 1.8m
Total = 10.8mBPP answer
Cost (4m x 30% x $7.50) = 9m
Share of post-acquisition retained earnings (5,000 × 30%) = 1.5m
Total = 10.5mHello Kim
I know it’s pretty straightforward from the link but just for the sake of clarity, the syllabus hasn’t changed from December right? I had prepared for AA in December completely relying on Opentuition notes and lectures as always but ended up scoring 49. So I’m planning to retake it this coming June. It’s okay if I use my notes and revision kit from December right? Thanks a lot in advance.Also in the chapter “Partnerships”, the last two sections { “Dissolution Grounds – Automatic and By Court Order” and “LPA 1907 and LLPA 2000” } aren’t covered by the lectures.
Am I missing something here?
Go ahead. Study opentuition notes thoroughly and attempt one or two mock exams. If you are able to score above 70 consistently, then from my experience, you won’t need anything else. Attempt the real exam with confidence. If your score is around 50, then I recommend practising more questions online before the exam. If you score lesser than 50, then you should buy a revision kit (I recommend kaplan for fab) and practice it till you get better scores.
FAB is the easiest paper you’ll ever write. Chances are you will easily score above 60 with the notes alone (like I did)
