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Anyone calculate any ratios for 1b for a few marks? I thought for a few easy marks GPM, OPM & Interest Cover?
Found time pressure the main concern and only managed a further 6 audit risks for 1b.
In the end i had to bullet point the majority of my answer for Q4b and pretty much all of it for 4c. Pretty worried now, what i was writing felt good in the exam, but who knows. And reading your comments is making me feeling like i have missed out on a few items.
Totally cocked up Q4b as was worrying for time, and one of my bullet points mentioned the possibility of tax evasion/avoidance of the audit firm by off-shoring. Haha!
All in all, I thought it was reasonable, but certainly not one of the easier P7 exams of the past based on mocks going back to 2010. But, it certainly was VERY time pressured! I needed at least another 20 mins to finish my question 4!
Ahh, roll on 1st August!! I’m so anxious already!