[kaseyclarke12@icloud.com]

I thought Q1 and Q3 were fair but I felt like could write a lot more than time allowed for in the exams. Q2 really threw me off and 38 marks on culture change intrepreneurship stumped me- I linked to some of the elements in bolugon&hope model which I feel most people would’ve done just considered internal issues such as capabilities, resources, reluctance to change etc.

Here’s what I got and what I remember from the paper:

SBL Paper

Question 1 – 18 marks
Report on on CFO option 1- new investment in new product intelligent shoes or option 2: acquisition of kind shoes

1b- 15 marks
Briefing notes: 3 potential tech investments and how they will help the risks in risk register in preseen (robotic processing, AI try on shoes and website development)

Question 2 – 38 marks
38 marks on change of culture to that of an intrepreunership culture

A- 2 slides advantages and disadvantages of this culture change

B- briefing notes – factors affecting this and judgement on will it be successful?
(Hinted at Bolugon and hope model I think?)

Question 3- 18 marks

Internal control weakness from exhibit and recommend mitigations

Exhibit 1- news article (not linked to any question but reference on issues with co not investing but saying staff were still loyal and confident

Exhibit 2- CFO option 1 option 2 proposal

Exhibit 3- technology investment options

Exhibit 4- internal control weakness report in R&D department

[kaseyclarke12@icloud.com]

I thought it was quite a hard exam, very minimal IHT and reliefs . Minimal marks for share schemes/tax planning

Exam breakdown- Section A

A)notes for training on GAAR
tax evasion definition
Tax avoidance definition
3 example of GAAR conditions

B) memorandum
Disposal of trading company- BPR 5

C) memorandum
Gift of 3000 (part disposal as parent owned 10000

IHT value of gift (part disposal based on share prices on % shareholding)
IHT and cgt calculations

Section B:
Income tax calc if gift is dividend or a bonus for employee and non employee
EIS Shares
Lots of calculations

Would love to hear on people’s answers etc as feeling shocking about the exam as I was quite prepared

[kaseyclarke12@icloud.com]

I had this! I didn’t realise in Q1 you had to calculate goodwill a year later for the surveying!

[kaseyclarke12@icloud.com]

I thought overall it was a bit of a tough paper in comparison to previous ones I’ve done.

Section A was pretty tough.
Section B was a lot of variances and ABC

Section C- one was on a charity Zedlands (14 marker on analysing performance on 5 set areas) and I believe the can’t remember what the 6 marker was on

The other question was flexing the budget. I messed up on this one as I only divided this by 2 and didn’t flex for the number of units. Hoping I wouldn’t have lost too many marks because of this?:( (10 marks)

4 marker on beyond budgeting
6 marker on the importance on revising budgets (planned and operational) and performance analysis

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