[littlestart]

Passed with first attempt. I am an affiliate now. Big thanks to OT.

[littlestart]

Hope for a pass, good luck everyone.

[littlestart]

Passed P7 at 64% with first attempt. I omitted one 9 marks question so very happy with the result.

[littlestart]

Quite time pressured and hope for a pass. Good luck everyone.

[littlestart]

65% Passed with first attempt, very happy with the result. Thanks OT.

[littlestart]

Just hope for a pass, good luck guys

[littlestart]

Thanks for your quick reply. I will review the notes again.

[littlestart]

Below is the copy from the anser
Retained earnings
Robby
Increase in fair value of equity interest – Zinc +2·00

Other components of equity
Robby:
Profit on revaluation of investment in Hail (5·00)

I am confused about those two adjustments.
Thanks in advance

[littlestart]

Hi Mike,
Thanks for your reply.
Sorry I made a mistake in my previous typing
Issue1–It should be
Dr OCI 5M
CR investment 5m
In the Other component of equity calculations:
the answer deducted 5m from OCI.

Issue 2 –In the consolidated RE calculations:
The answer + 2m
Is there any possible for you to have a look the answer to the paper? Please see the link below.

https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p2/exampapers/int/P2INT_2012_jun_a.pdf

Cheers

[littlestart]

If you were in the exam, how will you treat the intangible asset identified at acqn but not yet recognised in FS?
What’s your accounting adjustment for the FV and amortisition?
Personally, I thought the answer which was given by kaplan kit and the examiner was too complicated. Is there is a simply way to deal with it?

[littlestart]

Hi Mike,
Thanks for your quick reply. Afraid there is nothing to deal with deferred tax in this Q.
There is a very similar question in kaplan revision kits–it is about trade name

Kaplan revision kits Q1 Glove

In kaplan kits Q1 answer–> w7:
The accounting entry:
Dr group retained earning 0.8m
Dr NCI 0.2m
Cr trade name 1m
But when you check W5
The accounting adjustment are:
Other reserves + 0.8m
RE -0.8m
Where is the 0.2m?
And also the +0.8 in Other reserve is disagreed with the accounting entry in W7 above.

[littlestart]

Thank you so much first.
Regarding the Q1–1.6m loss, I will treat it as a deduction in the I/S . I am confused by the kaplan kits answer as well.

Regarding the Q2–the receivables. I am clear now. Thanks again.

[littlestart]

F9 –60% passed

[littlestart]

I passed F7 with 79%. Passed all my F level exams with first attempt. Half qualified now.

[littlestart]

It was quite time-pressure for me. Hope for a pass.

[littlestart]

Hi
Can you explain how you get the NCI in SOCI = 1800 or the number 9500? I am afraid I still can’t get the point.
Thanks

[littlestart]

Passed with 60%. Thanks OT

[littlestart]

I got 72%. Thanks OT

[littlestart]

Count me in.

[littlestart]

Hope for a pass. Good luck everyone.

[littlestart]

Yes, it is allowable. Basically any expenses for employee are allowable.
Hope for a pass.

[littlestart]

Pass 71%.

[littlestart]

Hi Guys,
Nice to study with everyone again. I am fine with weekend but weekdays please after 6:30pm.
Cheers

[littlestart]

Hi Guys,
Nice to study with everyone again. I am fine with weekend but weekdays please after 6:30pm.
Cheers

[littlestart]

It was hard for me. Even I have done all the questions , but it was still not an easy paper to do. Hope I have done enough. Good Luck everyone.

[Author]

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