[Laura]

I passed with 70% l, only 1 to go in December now! Well done all who got through this exam found it the toughest yet to study for.

[Laura]

Hi Sean

I have sat 2 exams most sittings and it is certainly doable I also work full time.

I sat f8 and f9 together which I found a good mix as f8 is all theory and f9 also has calcualations. F7 is quite a big syllabus and f9 is quite technical so I think sitting all 3 would be difficult.

I would suggest taking f8 and either f7 or f9 rather than all 3 and that way you have a good chance of clearing both.

Good luck

[Laura]

Fya is only available on new unused cars it is not applicable to second hand cars even though it is low emissions I have checked the Kaplan book to confirm this.

[Laura]

Hi palmy,

Thanks so much for your advice. I was thinking either p1 or p3 along with f6 so will go with p1 and see how I get on,

Thanks

[Laura]

64 on my first attempt happy with that well done everyone

[Laura]

That’s correct it was threats to independence which are self review and interest etc

[Laura]

What did everyone have for q2?

[Laura]

No need to apologies I was thinking I had missed a question ?N

[Laura]

That question wasn’t asking for audit risks it was asking for test of internal controls was it not?

[Laura]

I put obtain written representation as there is no other source of evidence abailable but it was a guess so not sure …

[Laura]

I had the same deficiencies other than the sequentially numbered sheets I think the other one I put was the 2 people in the team didn’t have different duties and only counted the inventory once

[Laura]

75% happy with that ?

[Laura]

@benson1 said:
hey did anyone get mat. mix as $16.54 and yield as $82??
this was the only question that i was confident about!!! Also, the
RoI question did we have to reduce 6.8 mill(value of the investment) from the capital employed??</blockquote

I think my mix was 16.51 adverse and my yield was 19 something favourable totals was 3.3f which I matched back to the material usage variance not sure it’s correct though.

[Laura]

@lesbella said:
I use net profit /ta-cl

I think either will be acceptable as long as you explained why you used it as it asked.
I used controllable as I didn’t think they had control over the apportioned overheads.

[Laura]

How did you calculate the roi?

I used the controllable profit and total assets less current liabilities and get both as getting a bonus.

I also just seen the technical article on q2 had never seen this before now so I don’t think it’s very fair.

Yes I for a favourable yield

[Laura]

Q4 was the roi Calculations and bonus and 2 was the investment options I think.

[Laura]

Yeah I felt like I just rambled in the budgeting question. I thought q1 and 4 were ok. 2 was a disaster I still don’t actually know what the question was looking for.

[Laura]

I also got 23 to manufacture. The material was limited I got make 600 units and buy 200 as there was only 600kg spare for material a and component x needed 1kg per unit so only 600 could be made. This wasn’t like any the practice one I tried was quite confusing.

[Laura]

Hi john

Does it need to be supply at the too and demand at the side or can it be either way?

Thanks

[Laura]

I also passed with 72% after thinking I had failed I had marked between 45 and 60 so pleased x

[Laura]

how did you all account for the investments through p&l ? 🙂

[Laura]

@jamesuk19 said:
I thought you added it back on as the CF on the DTax was 3000, less B/F provision of 2700 leaving a 300 debit.

Yeah I think you are right I had did this initially then for some reason decided it had to be deducted damn. I felt ok after the exam but the more I think about it the more I think I have failed

[Laura]

I took the 300 movement in deferred tax off the income tax as it said was less than the carrying value of the net assets ???? anyone else do this?

I got the income tax as 3500 less the 400 provision and then less the 300 movement.

I put the 3500 into the current liability hopefully get at least 1 mark.

[Author]

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