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@cene89 said:
Does somebody now the marking system? For example if a calculated wrongly the revenue in Q3, how many point will be subtracted? Because my gross profit and my profit are also wrong.
Thank youIf I’m correct there are no marks for totals such as GP, PBIT, PROFIT and if you end up with the wrong end figure for profit and carry if into the SOCIE you aren’t penalised twice i.e you get the mark.
There are also no marks for totalling in the SOFP or balancing it!
If I’m correct there are no marks for totals such as GP, PBIT, PROFIT and if you end up with the wrong end figure for profit and carry if into the SOCIE you aren’t penalised twice i.e you get the mark.
There are also no marks for totalling in the SOFP or balancing it!
I think overall the exam was similar to previous papers, very time pressured.
Spent far to long on Q3 which I did first but did get the contract asset, equity options and unwinding discount on the loan notes so hopefully some good marks going for them.
MCQ were okay I also got 3b in a row. Wordy ones were nasty where there was one obvious wrong answer and then choose between the remainders when only two were right.
Q1 got positive goodwill NCA was reval down so increased goodwill and I think added back 500 to subs retained earnings in respect of reduced depreciation for the 6 months?
Q2 was awful for me, didn’t have much to go on, did profit ratios, gearing and asset turnover. Waffled on and I would be lucky to get a couple of marks.
Good luck everyone!