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F9 pass! 56 %. Opentuition video lectures helped me a lot!
I had failed with 47% last december.thanks! I also prefer paper especially for studying. But e-books are easy to acces, to transport and are cheaper. That’s why i was hesitating…
I guess i will stick with paper.does anybody remember this question from the MCQ, where you had to calculate the ROCe using average investment method. Monthly profit was $729000 and the total investment in the beginning of hte project was 1800000. I tried to do this: 729/(1800/2). But it didnt match with any of the given choices.
I couldn’t answer the question about how auditor should consider laws and regulations DIRECTLY affect the financial statement. I think the fact that the word directly was highlighted made me think that there must be something very special 🙁
Thank you!
Depreciation! I see now.
In the exam, the problem is that I’m not 100% sure of what I am doing and I’m always to trying to double check. Indeed, I am wasting a lot of time…I failed with 47%, it was my first attempt. I perfectly know the reason of my failure: I just didn’t study enough. I started studying F7 from November 15th 2015 and the last time I studied financial accounting was in 2007. 2 weeks was not enough to revise everything, especially that I was working at the same time, couldn’t take a leave during this period 🙁
In fact, there is another part of that question which has each division’s and company’s revenue amounts. In that part of the question you will find the purchase done by Gearbox from C co (in the C co data).
I don’t remember the amount now, but something like 7500.
Gearbox manager can buy the same stuff for 7500*0.95 (with 5% discount).C co gets a revenue of 8’000 from external clients and 7500 from Gearbox.
Question comes up: if Gearbox stops buying those components from C co, will C co be able to sell the same quantity of components to external market?
The 8000 that C co sells to external market – it is 60% of the market (per question: “C Co currently satisfies 60% of the external demand for its components”). Now you need to know what is 100%. 8000/0.6 = 13333.So if Gearbox stops buying from C co, C co will sell to external market only:
1) 8000 as before
2) 13333-8000 = 5333 additional (to complete 100% of the market)Now we can see that 5333 is less than 7500 purchased by Gearbox.
So it is in the best interest of C co (and the group as a whole) to lower the price and sell to Gearbox. Otherwise it will be left with $2166 of uncovered sales.I think now you can finish the question.
I’ve got exactly the same problem. I just can’t remember them all. Especially that we are expected not only to calculate the variances but also analyse them and discuss the problem 🙁
I did bad in capital maintenance part 🙁
And question 8 i wrote that Bel would have to reimburse the expenses for the advert campaign, no injunction or dpecific performanceThat’s great! Thank you! I don’t feel ready for the exam 🙁
I did 2 of the past papers and only scored 45 in one and 42 in the other. I noted them myself, of course, based on the answers from the website. Their answers are so complete and so neat. I don’t manage to write my answers the same way.Hi! I’m studying it right now. And I also had difficulties in memorizing the information. But then I found something that helped me. Instead of taking notes in a exercise-book, I cut out credit card-sized pieces of paper and wrote the key words down on them. Then I disposed my cards on the table in way to show the link between different concepts. For example, yesterday I was studying Agency law. I first made to cards: Prinicipal and Agent; then i wrote and put in between those 2 cards with “express agreement – express authority”, “implied agreement – implied authority”, “ostensible authority”… Below each authority i disposed new cards, explaining in 1-2 words how these are defined… and so on.
hope this helps
