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For the capital allowances in the first part question 1, was it only the moveable partition walls which were allowable? I took it that the low ceilings, displays and flooring were decorative so wouldn’t qualify. The walls qualified for AIA at 100% and the written down tax brought forward at 18%.
That’s what I did for the total to be raised 9.2+0.2. I was talking about the market value of the company which you divide by 14.5 million shares as the final step. My thinking is that the 200k would not add to the market value of the company.
Would you not only include an additional 9.2M in the final market value to divide by the new number of shares as 200k of it would have been spent on issuing rather than adding to the companies value?
I say that now, however I can’t actually remember if I added an additional 9.2 or 9.4 before dividing by the new share total. Hopefully only lose a mark for that bit though if I have done it wrong.
Therru. If you look at the past papers, the last time incremental fixed costs came up it was not how you suggest, but the full fixed cost amount plus inflation every year.
The second part of the question said to treat NPV of E as zero so it would have made sense regardless of a positive or negative NPV.
Think quantity variance was 1530 F for full and 850 F for Mini times (C/S x sales prices) Again that’s just what I did in the exam but fingers crossed that’s right as it will hopefully make up for the incredibly daft mistake I made in linear programming of ignoring the maximum demand line for y and working out a simultaneous equation instead. Thin Q’s 1 and 4 I should score highly on as well.
For mix i think both full and mini were 1130 A & F respectively. (1130) x (50 x .446) + 1130 x (30 x .55) for total variance. That’s what I had in the exam I believe.
I hope so, fingers crossed! There was only 4 marks for each variance which suggests there wasn’t too much extra working required apart from the variances themselves which needed a reasonable amount of working.
For mix I compared actual quantity/mix against actual quantity/standard mix. Then for Quantity compared actual quantity/standard mix to budgeted quantity/ budgeted mix.
To find the contribution in Q5 I am pretty sure taking the total sales and multiplying buy the C/S ratio and then dividing by number of products was an unnecessary step as it gave you the sales price per item, which it also stated never changed. So you could just multiply the individual selling price of each item by the c/s ratio to give the same result.
I think you might be wrong as c/s ratio gives contribution as a % of sales. Sales prices were given and constant so multiplying them by the ratio would give you standard contribution. Might be wrong though!!
I just multiplied the sales prices given for each service by the c/s ratio as it said sales prices remained constant.
Supposing you calculated the optimum production plan in the linear equation question incorrectly, would you be awarded marks for calculating slack correctly in the next part but with your original wrong answers or score nothing?
Because if you knew you would only get 6000 members if you expanded you wouldn’t bother, you would stick to no expansion as the ev of that (10.08) is higher than 9.09.
Has it been confirmed when we will be able to sit F4 as a CBE as yet?
Also when will publishers like BPP and Kaplan have study guides for the new F4 syllabus? Currently they only go up until June 2014 but you would have thought with that exam period almost here they would be ready to go with the Dec 14 syllabus for people who want to get going with it immediately after the June sitting like myself?
Hi Hasan. I can’t unfortunately imagine that as an agent in the property field you are gaining the relevant PER’s. In my role I work for several hours a day in Sage accounting software carrying out various relevant bookkeeping/ledger related tasks. I also deal with manufacturing,order volumes, budgeting, forecasting etc so I am currently carrying out a management accounting role in the business on a day to day basis. One of my fellow Director’s is acting in the mentor/supervisor role as required by ACCA to clarify this, as is our accountant signing off the PER’S.
I don’t think it needs to be as relevant as my situation to count and even a more minor relevant role would contribute. However if you don’t gain the relevant experience through your job it wont count I am afraid.
Have you considered having your accountant sign off your PER’s from what you have done from an accounting perspective through your property business? Even if you only do a few hours a week on the accounts relevant stuff it can add up as you can back date the experience.
I have a manufacturing company and I am doing similar through our accountants. It is something I made sure was possible before starting ACCA as I want to become fully qualified but never intend to leave my company once qualified.
The only issue is that I think you also need someone in your own organisation to sign off the PER’s as well as an accountant which wont be possible if it is a one man business? There may be some way around that however?? Maybe someone else can help?
It wasn’t the connection between the two which I was concerned about, rather the difficulty and whether it increased from 4-9.
Thanks Zonedout001, that’s good to know.
Will you be able to enter F4 as a CBE anytime like F1-F3 from December, or still just in June/December?
I was going to do F4 & 5 in June but if you can do F4 anytime from December I might be better doing F5 and a different paper so I can take F4 seperate from the main exam periods and focus just on that next January for instance? Any advice?
According to the ACCA timetable F4 and F5 are a week apart, not consecutive days as mentioned above. https://www.accaglobal.co.uk/content/dam/acca/global/PDF-students/exams/June_2014_ACCA.pdf
Can someone please confirm that is correct as I plan to take F4 & F5 based on them being a week apart?