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@trephena and Opentuition, (passed)
Thank you for being here for us all the time. Your guidance was invaluable. Whenever I needed help you were there and I cant express how grateful I am.
I wish you all the best and again thank you very much for all the support.Please advise whether we are required to use comparator in business analysis as well?
Thanks.
Hi,
Yes Trephena is such a nice person.
I am very grateful that you have responded in a timely manner and beautifully explained my inquiry. It is much more clear now.
Thank you very much.
On comparator response by examiner, what I was able to understand is if both companies are going into the same result e.g. declining fuel costs for both of them, then no need to go in detail for comparator (due to external issue, fuel prices) BUT if main company’s fuel costs are declining and comparator’s increasing then there is a need to explain why comparator’s results are different?
Do you think this is a right interpretation?
Thank you very much for the detailed response, your advice is invaluable.
I have read few samples just to get an idea what thesis look like, I hope this is not an issue.
I found Comparator’s role very difficult to understands. It seems to me that I am studying two companies which not only doubled the workload but also going to impact on the word count.
How many ratios do you think should be included as minimum?
How can someone analyze an airline comparing on 3 years and than do comparator for 3 years again, all in 4500 words limit count which also include business analysis. is there any sample work to get an idea how it could be properly done?
how many ratio should ideally be enough in financial analysis?Thank you. This is a big dilemma, both ways has some sense and some no sense.
@trephena, what is your say on this?“Can you please advise whether to use Restated figures from annual reports or use original ones? e.g. 2015 annual report consists 2014’s restated figures so when doing financial analysis is it better to use restated figures of year 2014 from 2015 annual report or use original figures from 2014 annual report?”
“The thing is if i use restated figures it will change YOY fall in operating profits into increase.”Thank you very much,
The thing is if i use restated figures it will change YOY fall in operating profits into increase.
With respect to Interest bearing debt in capital employed, does it has to include short term borrowings and an overdraft?
On your reply to Chandon, you said you compared 2016 to 2015 and 2015 to 2014, not like FY-14, FY-15 and FY-16?
@trephena, also for ROCE
Can we use Total equity + “Total” debt (both long and short term) as Capital Employed?
When I use long term debt + total equity then ROCE is very different to airline’s own computation.Can you please advise whether to use Restated figures from annual reports or use original ones? e.g. 2015 annual report consists 2014’s restated figures so when doing financial analysis is it better to use restated figures of year 2014 from 2015 annual report or use original figures from 2014 annual report?
Thanks
Got it. Thank you very much.
When considering airline at group level for financial and business analysis, should the focus be only on passenger segment and subsidiary airlines or whole group which include segments like cargo, catering, maintenance etc as well?
Thank you.
Very well. Thank you very much.
Should I only include latest “annual” financial statements in financial analysis or latest interim f/s as well?
Thanks.
You have mentioned a very good point regarding environment, management decision and impact on performance. Thank you.
Cheers.
I choose a company with year end 31 dec 2016 and their financial statement will be published in April 2017. I know that rules allow me to use 2013, 2014 and 2015 financial statements, however when i am doing business analysis i have to cover latest happenings but when it comes to financial analysis i have to go back in year 2015 (as 2016 f/s are not available) so that i can relate changes to financial performance with happenings in 2015.
I am little confused about whether i understand this right? will financial analysis looks out of context, and how i will be able to relate changes in financial performance with business analysis since the years are different?
Thank you very much for your support.
Okay, weird replying to my own question, but it is for future if any fellow student looking for same question.
so you need to study Finance Act (FA) 2015 for sep16, dec16 & mar17 & may be for june17 as well (please confirm from ACCA for june17).
from april 2017 to mar 2018 you will study for FA 2016 and so on.
Thank you very much for your help sir,
I bought both book and kit for June 16, (because suppliers are saying new version will not be available until August 16, which is too late for September sitting).
You are saying that I should have up to date exam kit, what changes I should be looking in new version of exam kit, is it only format of reports or other important changes?
I am sorry for taking too much of your time, but in my city there is always a problem of books arriving very late and if I wait for latest addition I might end up with no books at all.
Thank you sir,
You are right about ISA 700.
Do you think it is a good idea to download revised ISAs from IFAC website and learn from them rather than text books?
I am looking forward to read updated Open Tuition notes.
Thank you sir,
I read the changes in new syllabus guide and they didn’t mention any changes in format of audit report, so it will be okay to use june 2016 text?
And are you going to update open tuition notes for new changes?
“With the introduction of the four exam sessions, we will continue to publish the same number of exams, two per year, and at the same times, after the December and June exam sessions. These exams will be compiled from questions selected by the examining team from the two preceding sessions. That is, they will not reflect the entire September or December exam, for example, but will contain questions most appropriate for students to practice. The question banks of published by our Approved Content Providers will contain these questions and suggested solutions, updated as necessary as noted above.”
ACCA