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I also gat 49 in June 🙁
I found section B harder this time.
I answered q3 and q4 and was happy to see due deligence, but then the way it was asked I am not sure I ve answered it correctly. I felt that everything I wanted to say was already included within the question.
I spent too much time on Q1 but overall i tried to put something in every part of the question but not sure if it will be enough to get me a pass.Dear John,
I am sorry but I don’t understand where the $96000 came from?
I’m getting 9.6 when performing your calculation
Ah ok great thank you very much.
I did watch all the lectures but it’s hard to remember everything whats in them 😉
But they are great and very helpful so thank you again 🙂
Oh sorry Sir I thought you do.
The Atlas question is from June 13 and Quincy from dec 12 exams.Anyway thank you for your answer. I hope what I know and learnt is still relevant as I use books until August 15.
Could you also please tell me if the calculation/ treatment of construction contract has changed? As it says on the website that IFRS15 replaces construction contracts.
Hi John
Thank you for your reply.
However I was hoping for bit more ‘wordy’ explanation.Would you be able to explain bit more, just so I could understand the logic behind interest calculation bit better and hopefully remember for future questions?
Regards
I totally agree.
ACCA has never been easy but now with MCQs it’s really just a joke as we can’t even gain marks for workings!
Think it’s very unfair bearing in mind how time pressured they are :/Really gutted as it was my second attempt and I’m sure I ve failed again 🙁
Denis I have 10 answers same as you so hopefully we both scored at least 20 marks from MCQs.
I think the ratio question was very tough. I ve sat December exam and this time focused mostly on cash flows not ratios :/
Getting ready for f8 now
Yes thank you that make sense.
I was just worried that it might be some other ‘technical’ word for ‘invoiced’.Thank you very much Mike.
Had to read it a few times but I think now I get it 🙂
Dear Sir,
Yes, sorry I copied it incorrectly.
Please see again.
Spring (sub) sold Parentis goods for $15 million in the post acquisition period. $5 million of these goods are included in the inventory of Parentis at 31 March 2007 (year end). The profit made by Spring on these sales was $6 million. Spring’s trade payable account ( in the records of Parentis) of $7 million does not agree with Parentis’s trade receivable account (in the records of Spring) due to cash in transit of $4 million paid by Parentis.