Forum Replies Created
- Posts
Well anyone got disconnected during the exam? Im so sad only reach half answers. Waiting for acca to credit for rebooking
byl91 wrote:Horrible exam!!
You need to find the market value of bond by using coupon rate and appropriate discount factor given in the question. If the question doesnt provide you with discount factors,you may need to find it by using yield bond rate and yield spread. But, if the discount factor is given, you may use directly in the answer along with the coupon and redemption rate.
After you have calculated the market value of bond, then you need to determine the yield to maturity ((Coupon rate x period of years)+Redemption-Market value) / period of years) / ((redmption + MV)/2). Then the results will become cost of debt (Kd)
Anyone received this email? Damn, i have done well for this exam but why i received this email? My examinations will be cancelled and repeat or what?
“We are aware of an issue that may have impacted your remotely invigilated exam today. Please accept our apologies for this and we are currently investigating next steps.
We will issue further instructions via email by 1pm on Wednesday 7th December 2022. Please check your emails regularly for updates.
Yours sincerely
Ian Gray
Head of Exam Delivery”Jean96 wrote:should we have commented on the materiality of $30,000 was not correct
should not we have commented on the no impairment in previous year<br>Q2 – specific enquiries and procedures for due diligence for internally generated client list and new acquired directory<br>what should we have write for this question<br>what did you mention for audit procedures on internally generated assetsThis one i wrote about their expertise, nature of internally generated IT system, reliability of the system, competition, defence strategy, strategic direction and fit, synergies benefit, employees, environment, future economic benefit of the maintenance client list and i include certain identification of assets and liabilities. All of this must be in line with the purchase price to ensure before acquisitions is made, it can be negotiable.
Any potential for issues that might potentially affect the company must be clear and my outcome will be the importance to lower the purchase price.
This one i use pre and post acquisitions impact
I thought the reclassification should be agreed with IAS 40s conditions of land capital appreciation, operating lease to 3rd party and last one i forget. It means that the reclassification from warehouse to IP would be possible but the needs of derecognitions from PPE is necessary.
But the question does not mention except for the intention of the company to lease for rental income.
In determining the the IP, it should be measured at FV at initial recognition and subsequent measurement should be measured either revaluation model or cost model. If the cost model is used, IAS 16 will be used while revaluation model will remain as IAS40.
If it fulfills the conditions of IP, then it is possible to be reclassified to IP and the gain from the uncorrected misstatement of $9 million as adjustments is correct. I cant remember the question.
If the company decided to remain it as PPE as the warehouse does not fulfill the conditions, then the recognitions should be based on historical amount and continue for depreciation in arriving for carrying amount.
I think soo.. Hahaha nvermnind exam ended.
@jjacca said:
And how did you map the product in BCG matrix Q1a?I mapped the corded as a cash cow, unusually not needing investment as market was in decline and no point.
I mapped the other two as question marks.
As cordedless had ok market grown and decent relative market share.
The robot was high growth with lower relative market share!
not sure if that was correct!Exam was extremely lengthy
Summarisations from my answer..
the first vacuum i wrote dog and closing down the production line and there is no clear statements to say that the production line will become a supplier to Cash Cow and Stars.
Cordless cash cow i wrote stars and the investment needed for improvement in its innovative and technology of it as it will reach maturity level and effect to decline in LT.
This is because the robotic seems like to be the substitute product that can bring greater benefit where the product specifications stated already it is better and convenient for the consumer.
So, i consider this robot as a cash cow where the income of it will be transferred to Stars for further investment and potential of robot to become main production has been forecasted to be expected to improve in 10 years time!
Which means no need to worry on robot as its potential to become a market production line leader! Thus it is important to focus on Stars which is cordless to ensure the prodcution line will not cease!
Summarisations from my answer..
the first vacuum i wrote dog and closing down the production line and there is no clear statements to say that the production line will become a supplier to Cash Cow and Stars.
Cordless cash cow i wrote stars and the investment needed for improvement in its innovative and technology of it as it will reach maturity level and effect to decline in LT.
This is because the robotic seems like to be the substitute product that can bring greater benefit where the product specifications stated already it is better and convenient for the consumer.
So, i consider this robot as a cash cow where the income of it will be transferred to Stars for further investment and potential of robot to become main production has been forecasted to be expected to improve in 10 years time!
Which means no need to worry on robot as its potential to become a market production line leader! Thus it is important to focus on Stars which is cordless to ensure the prodcution line will not cease!
Summarisations from my answer..
the first vacuum i wrote dog and closing down the production line and there is no clear statements to say that the production line will become a supplier to Cash Cow and Stars.
Cordless cash cow i wrote stars and the investment needed for improvement in its innovative and technology of it as it will reach maturity level and effect to decline in LT.
This is because the robotic seems like to be the substitute product that can bring greater benefit where the product specifications stated already it is better and convenient for the consumer.
So, i consider this robot as a cash cow where the income of it will be transferred to Stars for further investment and potential of robot to become main production has been forecasted to be expected to improve in 10 years time!
Which means no need to worry on robot as its potential to become a market production line leader! Thus it is important to focus on Stars which is cordless to ensure the prodcution line will not cease!
