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I had this exam but can’t remember the other part of Q2 along with the ethics question about Mr Chan, can you remember what the requirement was?
Broatch88, I had the same paper also. I couldn’t get my head around the 10 marker for the sole trader and company adjustments so pretty much abandoned it, corporation tax for 11 marks was ok, we didn’t have to split any time periods.
For the 4 marker on the loss surrender, I just said there needs to be a 75% relationship which ruled two of the other companies out (I think that was correct?)
The income tax question for 15 marks was similar to yourself, I messed certain parts up but hopefully gained a bit for follow through marks
Section C:
1. Factoring with recourse and early payment discount offered to customer.
2. NPV, IRR, payback period and ROCE.For those who had this exam can they remember the NPV and IRR they got? For the NPV, I got over 13K (cant remember exact figure) and for the IRR I got over 17% (again can’t remember exact percentage)
Hi Kim, many thanks for your help. Thankfully I got my review back the very next day after my post above (4 day wait). I have now finished the module.
Hi Nawwar, was your progress eventually unlocked? How long did it take? I am also currently awaiting my presentation to be assessed, it has only been 3 days, however I am anxious to get the other units finalised. I may hold off for a another few days before emailing ACCA.
Kevin
I didn’t get that question finished but that seems right, was the investment for the assets the amount already paid deducted from the original cost?
Yeah I’m pretty sure that was right, I did the same, deducted 9m from COS, added the mark up of 25% and multiplied by the fifth left in inventory if memory serves me right