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Finance costs were material. 600 000 *5%*9/12=22500 with the materiality threshold set at 20000.
akamal84 I had the same paper with u. I also thought that it was ok but I strongly agree with u for the time pressure especially in q1.
akileshsookun I had the same question and I agree with you. The second was matters to discuss with management and an audit opinion about shirts of a player who was found guilty for fixed matches
The third if I remember correct was again some ias’s and ethics. I am not very sure but these were my questions.
I think I found 12,2m goodwill and na I think 70m.i don’t remember the questions
I choose the auditor should check any correspondence with the client.
For the issue of share capital I have chosen that is an adjusting event and a provision must be made (as a contingent asset)
There was one mcq if auditor can represent for the client with Companys lawyers. What’s the answer to this?For me deciding factor will be the mcq.i also put familiarity threat for the director and the other two as self interest. (it was a 3 components mcq)
I had a mcq about contingent fees for tax and administration services. I put neither one.
2mcq about audit opinion on subsequent event.
1mcq if auditor can disclose information to a journalist about a case if the client is in compliance with laws…..
Is there anybody who had the same?for the auditor question that it was familiarity threat and the firm should decline the appointment.i didint understand what is type 1 or type 2!!!!!!!!
I had mcq if an audit partner after audit is recruted by the client what actions must the audit firm make.Also there was one with answers report1 report 2 audit report and something else.i believe mcq will have a deceding role for passing
guys lets remember mcq answers…..These will create the result….I remember there was a question about how to value a company…..i choose nrv of asset less liabilities….and onother one that i remeber only that i choose wacc for an answer…..
does anybody remember the questions about cost of equity and loan note in section a what it was???????????
can anybody remember the question about efficient market hypothesis and the answer?????thanks in advance.
no.for the loan it was variable…..so you just add the value of the loan in the total value of the debt…….Can u remember what was the question for 3 marks in the q3.2?
Can anybody remember what was the question for 3 marks in the q3.2?(NPV question)
I have found 2, 74 years….. Appr.2 years and 9 months
https://opentuition.com/topic/irredeemable-preference-shares/
very correct.Kp=8/06%.For the discounted payback period if u found the correct 2.75 years tha means that your NPV MUST be correct??????so if someone found the 2 marks question the corect result that means that he took 9+2=11 points!!!!!??????i think this thought of me is correct!
I deducted also dividend for year 20×7.i found g=4.if u know the new dividend then it is definitely relevant with g.However this is only my opinion.I also choose aggressive for financing and in mch with irredemable I choose statement 1 is correct.In my personal opinion irredemable shares can be consider as share capital.Any opinions????? I might be totally wrong ?
Heychi hi.yeah I was writing in F5 but thanks God not anymore!!!!!Now I wish to pass F9 since I go to classroom for P6 (my first from Ps).we had a great conversation in F5…. But here I speak the most….. Dont know why!!! ? try to help each other about what we picked since papers arent published any more.
It was a mch about a goverment….. I picked goverment to devalued its currency for growing its market…….???????
I also ignored loan in wacc…. It was variable cost…… In bpp kit I was not see a loan (as this if you are given the cost) is ready. I mean its not like loan notes……
