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Sounds like a difficult question, I didn’t have that one.
I would imagine they were trying to hedge against the exchange rate moving in the wrong direction, so they were hedging to offset the exchange rate risk.
Was it a stand alone question unrelated to the other parts of the question?This is difficult because we didn’t all do the same questions, for instance I had nothing on loan interest in my paper, and nothing about providing a computer.
Best to wait 6 weeks and see what happens, good luck all!Which question was that?
I don’t think I had any SSE in my paper, but I could be wrongQ1 was rollover relief, some IHT and group tax
Q2 mind gone blank
Q3 was more iht and overseas aspects of cgt iht
Q4 all about partnership profitsIt’s strange, I took the CBE and I didn’t have some of the questions being discussed here.
Q31 was on NPV using inflated sales and costs with straight line depreciation. My NPV was 2.5m
Q32 was all about working capital and a 10 mark question about receivable techniques which was nice.
Did anyone have a question off Lease vs buy in part B? The buy option involved taking out a loan at 9% but the question didn’t say how or when the interest would be paid. That threw me a little
@saadimran786 said:
Hey can someone please tell me i subtracted purp from COS calculations and forgot to consolidate subsidiaries investment income how many marks would be deducted????anyone?Maybe 2/3 marks
@sara18 said:
@flapper84 : yeah i got 21500 !!Hi Sara, there is one word in the question that will determine whether we calculated the correct goodwill calculation. Unfortunately it doesn’t look good for us because a few others are sure they have calculated it correctly and have a different answer.
I will try to copy out the question and will show the two different interpretations:
Calculation of the parents consideration:
60% of the shares of the subsidiary by way of a share exchange of 3 shares in the parent for every 5 shares acquired (I think we all agree on this part that the consideration is 5400 x whatever the share price of the parent was at the date of acquisition)
In addition, the parent will pay $1.62 per share acquired/issued (this is the word we are all split on) in one years time. The rate of interest is 8% (I think we all agree we had to discount the value by 1/1.08)The good news is whoever is wrong will only lose 1 mark for it
@s4k1b said:
good question. but i thought it was shares acquired.if it was shares issued, surely it would just be 3000 shares x $ price x Discount , still not 3/5 ?
The number of shares they issued was 5400 (3 for every 5 acquired from the sub)
Don’t worry tho, I think you were right the first time (1.62 per share acquired)
I put D for the very first question too but I agree it could be C or D.
I struggled with the CBE paper and agree it’s not fair that we had to input figures.
@andyt said:
For the deferred con its how many shares you acquired so you don’t multiply by 3/5Damn it, looks like I stuffed that one up
Hi Yash, I think the transaction cost was capitalised but the fair value should be used at the reporting date which was 7 x 50,000 so the answer is $350,000, I could be wrong but that’s what the text book suggests
I got that wrong due to time pressure.
Inventory fv adjustment should be included in the FV calculation because the calculation is based on values at the date of acquisition.
I forgot to include the unwinding of the deferred consideration as a finance cost
Deferred consideration was $1.62 for each share provided. 9000 shares X 3/5 = 5400 number of shares.
1.62 x 5400 = 8748
8748 discounted by 8% = $8100Anyone else get that?
The question where you had to state if it was an adjusting or non adjusting event for 4 options..,were they all adjusting events?
More exam practice needed perhaps?
I failed with 45 in June and passed with 69 for September. I practiced with loads of past questions and worked through a revision book.
@hsn007 said:
Hi, did you get your results today too?It was the same content as the paper you did Harry, I will get the result on the 17th October like everyone else.
Where it was useful was for providing answers in table format for the risk and control question and the presentation of the answers in general. Being able to select multiple choice answers at the click of a button was nice too.
I took this as a CBE and found the whole process was very smooth. I can type a lot faster than I can write so I was able to give much more detailed answers. The new format of the exam worked well too.
Everyone works at a different pace but it’s an advantage to finish every question with some spare time, you would then have time to review and add to your answers.
I never have spare time because I can’t physically write fast enough! I’m looking forward to taking my next exam (F7) on PC and I’m confident I will have more time!I saw one guy just sitting there for 20 mins at the end- that’s madness! Surely there’s more that can be added
Thank you Mr Moffat, you state in the lectures that there is enough material to pass the exam well and I followed your advice- 64% first attempt
Learning curve MCQ:
A product takes 10 minutes to make on first attempt but has a learning rate of 80%.
It is estimated that the learning rate will apply for the first 100 attempts then the time per unit will remain constant. Calculate the amount of time it will take to produce each unit after the first 100 attempts.Average time per unit to make 100 units is 2.27 (2 dp)
Average time per unit to make 99 units is 2.27 (2 do)
Therefore the answer must be 0.1 mins per unit
@sapphire16 said:
Slight Off-Topic, (but exam related), I wondered if anyone could answer my query.
Today was my first sitting of an ACCA exam, and I understand that on the front sheet of the answer booklet, you have to tick which questions you attempted in Section B (There were 5).I attempted all 5 questions, but I forgot to tick them on the front sheet to say I attempted them. My answer booklet has rough workings on the first few pages for MCQs (which I later crossed out), and I then started each Section B Question on a new page, and shaded in the relevant bubble at the top of the page.
It might be a silly question, but will there be any problems recording my marks/marking in general for Section B if I didn’t confirm my question attempts on the front sheet, with my answers not seen until a few pages in?
I would suggest you contact ACCA to put your mind at ease but I’m sure it will be ok 🙂
@ahstpk said:
MCQ:
One was which is constraint as per limitation factor:
wood
labour
inspection ( I guess it was something else)
Output (correct Ans.)Yes I agree
On the learning curve question I originally put 2.37 but changed it because they were asking how long it will take to make each product going forward (not the average time per unit for the 100) , ie after the 100th onwards. I figured at this point the time taken would have drastically reduced per unit but I couldn’t get the formula working to calculate it so guessed at 1.57 or something like that
For the labour rate planning variance I compared the number of hours paid at $14 per hour with the revised rate of $14.28 and recorded an adverse variance of $0.28 x the number of hours worked (can’t remember the number of hours)
Labour rate operational variance was favourable because the actual rate paid was lower than the revised rate but overall the variance was adverse.
The labour efficiency was adverse for planning but favourable for operational, the total labour efficiency was favourable which was remarkable given the additional time it was supposed to take for the new design.