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6 indicators not going corncern (not surviving) like loss of major customer, staffs etc, that’s 6 marks.
Part (d) emphasis of matter (directors agree to put disclosure on going corner) that’s 3 marks
My life (as an international student in UK with student visa) literally depends on this paper for the time being and I didn’t do well. 🙁
Time management was a struggle to me. No time to pause and think and plan the answers.
Not as much well prepared as F7 but in a good feeling.
Just need to keep calm and apply the knowledge.Yourself?
Q1 goodwill – 73,000
Q2 Shares Given on trail balance $56,000 already recorded right issue. Thus original shares 160,000 shares ($40,000)
Right issue 64,000 shares ($16,000)
And share Permuin (64,000 x (60 cents – 25 cents)
Original share permiun I forgot. Whatever amount on trail balance minus $22,400 above.Divided I got was $10,880.
EPS = 8 cents though I think it’s wrong 🙁
I still can’t over Q1 being P&L. I was focusing more on SOFP.
Anyway, moving on to F8 tomorrow.(1) Prepared so hard for consolidated financial position. Disappointed to see P & L.
(2) Didn’t balance but felt did most of the workings correct.
(3) OMG, no cash flow!!! Didn’t have time to write the comment that worth 15 marks.
(4) PPE, did my best but not 100% confident.
(5) In a rush already and finished (i) and (ii), not (iii) government grant.Overall, I feel it’s not that difficult but my time management sucks big time. It was rush towards the last hour. Really hope I pass. Dec 2014 will be new format. Good luck all.