[kumboo]

Because some people do not work only to get that borderline pass mark. That’s it.

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60 and I am disappointed for all the time that I invested in my two weeks revision. I am very bad at time management. Ratios interpretation not done and I did not even get time to go through all the questions once again. Bright side is that I passed.

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@nshahin93 said:
how did u calculate the AP ratio
Did u find the purchases ???

If by AP you mean average purchases days, you should use cost of sales based on what is given.

[kumboo]

@magd90 said:
Anyone POL?

What is your query?

[kumboo]

@mehdi2015 said:
Anyway could help with this?
-And was the goodwill in mcq? 410,000 ..
Investment of parent 950- net assets acquisition 540(340 sharecapital +200retained earnings)

-In the ratios.. what was the big problem of roshan.co compared to the industrial average? The inventory days and payable days?

I don’t remember the MCQ.

For the other one:

Seasonal trading as it sells mainly winter clothes.

Having to compulsorily but from the parent while its competitors might be benefiting from better credit terms from other better suppliers.

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@badare said:
Indeed comparability requires uniformity. if two companies have different accounting policies e.g depreciation method , their performance can not be reliably compared. Even if their reporting dates are different ; where is seasonal variations

See your BPP textbook.

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@colmjulian said:
how can you be so sure that conformity does not need uniformity ?
to compare two things, there needs to be a level playing field, no ?

But comparability and consistency are not the same.

[kumboo]

@mehdi2015 said:
-Was the equity component in mcq 0.386?
-And was the carrying amount after depreciation and revaluation 11,000 in one of those mcqs?
-And gearing ration is for examining bla bla?
-And was the finance cost of preference shares 0.15?

All same!

[kumboo]

@simonabele said:
No, in comparability is no need for uniformity

So the first statement only was correct?

[kumboo]

@rampll07 said:
I think apportionment should have been 3/12 as didn’t they aquire 1st July and y/e was 30th Sept?

I deducted inter co sales from revenue but I also deducted from COS too and added the PURP to COS which i now think is wrong.

What figure did people get for the unwinding of the discount to be added to finance costs??

It is all correct.

[kumboo]

The MCQs were very tricky. Trust me. And what the hell is contingent consideration.

Of course I managed to wrote three lines using my logic and they were right. Nonetheless… never heard of it.

The ratios question was not difficult but due to lack of time I answered only parts a and b.

Either the Section B or Section A has to be reduced. Or give 3.5 hours.

[kumboo]

@nathan488 said:
Yeah that’s what I did! ^^^

Profit for the year I got something near 16000

Total comprehensive income I got somethinn near 21000

Of course both ($ 000)
I only remember the thoudsanth. Forgotten the hundredth, tenth and units.

Sorry.

[kumboo]

But there was no goodwill calculation!

For profit for the year attributable to NCI:
20% * profit for year of subsidiary * 3/12
Less: NCI share (20%) of (impairment loss + unrealised profits + under-depreciation)

[kumboo]

@xolilek said:
Finally an affiliate, after exactly 2 years; I registered in June 2015, received 7 exemptions & had to complete 7 papers. Yes, P5 was terrible (I liked the content though) but I am through withy worst pass mark to date, 54%. At this stage I don’t care, I just needed 50% after that shocking June exam, I got it! In March I got the highest P7 mark in SA.

Thanks to BPP, OpenTuition. Two years of self-study, no social life, putting in an 1.5-2 hours every morning before work, late nights of studying. I’m out……

Hardwork pays. Congratulations.

[kumboo]

Passed with 71%
And I know some of the very silly mistakes I did in MCQ

[kumboo]

@kumboo said:
Did anyone please save the June 2017 questions? ACCA replaced the doc originally uploaded.

Please anyone?

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Did anyone please save the June 2017 questions? ACCA replaced the doc originally uploaded.

[kumboo]

By which date can we expect results?

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What was the other section C question like in the other paper?

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You got pay-off table?

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Cross fingers.

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@Charrison1508
Shadow price $1.60
Machine hours falling below 25000
Buy 4000 Y externally
I don’t remember the other two.
There was an MCQ in Section A regarding the theory of contraints. I chose A as answer.

[kumboo]

Guys please check June 2009 Qu 5 Northland. I only practised papers from June 2012 to September 2016. I understand why ACCA removed those all papers from its public bank now.

[kumboo]

It is not a one-off decision. Answer has to be the one saying being risk-neutral, choose highest expected value (bus).

[kumboo]

C=5x+8y

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