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Thank you Alina, I think in the rush and disappointment of things I was doubting and becoming confuse. Maybe I can get 3 out of the 5 for the incomplete goodwill calculation and some marks form the PL.
Thank you for responding, I didn’t read the question well because of lack of time, I’m feeling disappointed about it. I hate these exams because to much pressure makes it difficult to even concentrate when there are so much information to search for. I am wondering will I still be awarded marks although the figures were not prorated?
The multiple choice questions were challenging. I wasted so much time trying to get the adjustments in part C Lemon and Lime that I did not have time to fully complete the PL which is my stronger area. I was not able to write my figure for goodwill because I was calculating my NCI % of FV at date of acquisition when the screen disappeared (time up). wow! I was doing a working where I put the share capital at reporting date, acquisition date and post acquisition date, made my fv adjustment and was calculating the depreciation and the suddenly the screen went blank and the exam was ended. I don’t know how many marks I can score with that for the good will question because I did calculate the consideration and put the FV of NCI which was the % shares x the share price but as it relates to the figure to substract to get goodwill that was not completed. What are your thoughts on this?
Secondly having noticed that I did not have much time I went ahead to begin putting in some figures in my PL but in the rush I forgot to prorate the sub and I entered the figures at 100% of sub instead of the 80%, I think in the rush I also substracted the adjustment of intra company sale from cost of sale instead of adding to get the cost of sales figure. I did put in the pups, but forgot the depreciation adjustment which I should have gotten if I had completed the question for goodwill. I didn’t get a change to read the question well and so I don’t know if I missed anything that should be adjusted for. I got a loss after tax. But had not time to recheck anything. What do you guys thinks about this, having calculated at 100% will I still get any marks here?
I felt I should have looked on this question before attempting Lemon and Lime.
I choose $69,000 (A) not sure of the $46000 and I agree with you. The questions are too long which doesn’t give much time to do Part C which also has very lengthy questions. The time is too short and it causes me to misread questions which I could answer better had they given more time to read and analyse the information.
What is the marking scheme for Q31 (b) on price penetration and price skimming? The total marks is 8%. What would be a good enough answer to score full marks?
Q32 (a) I got Division C and E ROI = approximately 19% plus and 17.79% respectively. Both Divisions performed well as they made a profit but Division E although made a high profit did not meet the target ROI of 18% because of new investment of $2M.
RI = revised profit – (average net asset x 12%)
Average net asset was opening net asset +closing net asset/2I messed up on the advantages and disadvantages of RI as I did not revise same and did not remember. After checking now I remember how easy and logical the answer is.
My MCQ were:
1.C
2.C
3.D
4.A
5.B
6.D
7.D
8.A
9.C
10.B
11.A
12.C
13.D
14.A
15.D
16.C
17.C
18.B
19.A
20.D
21.C
22.A
23.A
24.C
25.B
26.B
27.C
28.D
29.B
30.BThe paper was fair, however the questions are too lengthy and I always seem to have exam phobia and doesn’t think well in the exam. I wish ACCA will make the exam questions shorter and to the point. I did paper base exam.
I did Q32, Performance analysis, 4 marks for calculations and 16 for discussion. I did my calculations which amounted to about 4 but did not write these in the answer booklet. I just included the answers in the discussions for e.g. increase by 2% in 20X7 moving from say 1000 in 20X6 to 1020 in 20X7. Will I still be awarded the 4 marks or will I not get them because I did not show my workings. They did not say we should show our workings for these calculations.