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The june sitting was really difficult though, i did the entire exam kit and the questions i got were so different
The recoverable amount is computed as the higher of value in use and fair value less costs of disposal.
Seems like everyone is getting a completely different goodwill
I got 27.72m
Some got 54m others 703k..
Im sure its the net assets calculation that we probably messed up since the Consideration, deferred consideration and the NCI seems to be the same for all of us
What did u guys get for goodwill in the consolidation question( ratios )part?
Where they said that the parent would further pay $1 for each share acquired and there was a cost of capital of 10%??
Honestly, just practice as many questions as you can and master exam technique.
Substantive procedures should always be verb + source document + why
Internal controls varies as such just do question practice.
Audit risk = risk + impact on FS + how can the auditors minimize the risk
If you follow this you will pass
Is it that level 3 papers are easier?
Ive noticed a trend where some people are able to clear level 3 papers easily but are stuck on level 2 papersExam feedback is out
Got 12/20 on variances
13.4/20 on performance management
HmmHey @Sankwww
It should be available sometime this week.
Can you explain why -180 instead of +180?
Overheads were absorbed on labour hours for absorbtion costing it said.
Do you remember which answer you chose for the abc cost?
Im expecting a pass.
Section A and B was mostly easy and i had a minor mess up in variances in s3.
I dont have the mental strength to repeat after getting
44% 3 times in a row
If i remember correctly there they asked to find the total overhead cost using absorption costing and abc.
However they only had 2 overhead costs which were set up and orders or something nothing else.
How were we supposed to find the overhead cost for labor?Also for the security question poojaj didnt add that its different levels of access for different levels of seniority.
Since the director is a senior person i went with B
I just hope its enough to pass as this is the only area where i kinda “messed up”
I got financial & non financial performance 20 mrk question.
I calculated all the changes in % and wrote a paragraph for each of my % changes and i wrote an overall discussion point.
How many marks would i lose if i calculated the correct variance amounts but added them incorrectly resulting in an a different adverse or favorable amount
