[dlobecam1]

HI
Question asked us to add notes from the slides prepared by the sales director or to determine which sales strategy to afopt ?

[dlobecam1]

Thanks Tutor.

[dlobecam1]

Thanks Tutor. For 36 days I mean from now to end of May as F8 exam is scheduled on June 5th. I will do my best to go through all the lectures in max 3 weeks and focus on past exam questions in 2 weeks.
Will contact you for any help.

Thanks again.

Daniel

[dlobecam1]

Thanks. So what should be the correct answer please.

[dlobecam1]

Thanks Tutor.

[dlobecam1]

Hi Sir,
Yes we have agreed that there are 2 methods.
But this method does not reconcile to the basic variances.
For instance the planning + operational efficiency variance Will not give the efficiency basic variance. May be that is why the New examiner prefers the way it is done in the lecture. Please clarify.

Thanks
Daniel

[dlobecam1]

Sir,

I can’t find the lecture on IFRS 15.
Please advise.

Thanks
DAniel.

[dlobecam1]

Hi Tutor,
Please correct me if I am wrong.

1. It is a goodwill we are calculating and not the consolidated goodwill as S does not have goodwill. P is buying.

2. The goodwill calculation is at the date of acquisition. Only the FV of S @ DOA is included. So the change in FV could not be part of the goodwill computation.

3. The consolidated retained earnings is today, so the FV today (if still) should be included in the computation to have the FV of returned earnings. Minus the pre-acquisition return gives you the post acquisition retained earnings.

In short, goodwill and retained earning are balance sheet position we are computating. The change in FV will only impact the Profit and Loss.

Daniel.

[dlobecam1]

Passed 55%. This was my 2nd attempt. Thanks open tuition.

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