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@kuzma2 said:
It was my repeat and have to say question 1was disaster so many small bits, I knew it was seed but didn’t remember all the bits to it….and that part about cash to her friend????
It was like to advise someone in real life need to read between the lines that what I thought and not enough time….
The other questions weren’t that bad I thought but it’s getting harder and harder each year really want to know it all and don’t really much time to think about stuff. I didn’t stop writing for a minute. I have to say Q1 completely not what I was expecting at all. Hope I will get enough in other questions
Just about ppr in question 1
Wasn’t sure if she move into the apt before sale will she be entitled to 4 y in ire and the time in Amsterdam?
And did u say to claim negligible value on Canadian shares to off set against gain on apt? And that bit about the cash confused me…did u do it?Yes, I said about negligible value, I said she was only entitled to 6/12 years PPR due to the fact that she didn’t moved back to Dublin and not cork. The negligible value relief covered that any cgt that arose. I probably did a mess of it. All the reliefs seemed to jumble in my head.
I did the Irish variant and as like you, I used International Standards. Here’s hoping!! Question one ate up a lot of my time and that being said now that I look back I didn’t do so well.
The audit committee question asked about recruitment wasn’t it? And not pros and cons right? Or did I read it wrong?mine didn’t balance but I got goodwill of 90 & (10) so a total of €80.
I didn’t calculate a profit / loss on Ppe sold , I just had it in the Balance sheet as a separate heading.I thought the question specifically said no impairment occurred.
I just found the wording of the whole paper completely ridiculous.