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53 1st time, I didn’t think I had done it. 🙂
Now qualified. Good luck allDoes anyone know if the ACCA finilists are printed in the FT? If yes, when?
Thanks in advance
Q1 – what was the divident part about- what did you have to do?
Also the joint operation- how did you account for this?
I did 2&3 first.
Q2 harder then it looked, stuggled to get a lot points down. What did people write?
Q3 ok
1)
a) BCG. I think it had the SBU’s as star (low market share), cash cow (high market share), dog/question mark (stop or invest in more pools). First I read the FS infor the wrong way round. Wasn’t it back to front??? I changed the answers a few times because of it!B)i) I could see the model in my notes but didn’t pay much attention to it. The same one come up a couple years ago so didn’t think it would again as it was so small in the scheme of things! I think a got a couple of the points down though I don’t. I’m sure if I related it to the infor, did you need to?
B)ii) What did people put for this??? I wrote some stuff down, related it to the infor a bit but I’m not sure if it was correct.
C) Ok I think, did people mention the Ashridge model for the parent (last one?)
Tough exam. Really time pressured, I think I attempted the last 30marks in 30mins.
I think I need to score 50/85ish. Fingers crossed!
The two internal audit questions in Q1, what did people write.
I believe it was part a) & e) thanks
Another couple for Q1. Not sure if these are ok, on reflection a little weak.
I said a copy of the GRN wasn’t taken, it was just sent to head office – could get lost therefore no back up in disputes.
9 week delivery time – fashion could change, stock lose value in that time
Ordering was not done by individual stores so therefore invoices would have had a mumber of lines of stock on from a varity of stores. This would make matching invoices to all the relevent GRN hard and time consuming, therefore opening the risk of paying invoices without back up.
You think marks will be given? Normally if it’s valid it will score marks, I’m just not sure these are valid!
Did it say in the information that the auditor had looked at lasts years warrenty estimate???
Hopefully by stating what it could have been I’ll pick up a mark or so. I guess I should have chosen ‘except for’ though if we don’t know the information why would it not be persaive?? It easily could have been.
That part was only worth 5 marks anyway.
Also anyone find (a) confusing in that question? Did they want a general chat about estimates or to apply it to information?
What sort of infortion did people put for the first question. The part on internal auditors & the 14 mark part?
I also thought ISA status was strange wording. Also the ‘matters’ questions were also!
For the opinion I wrote that the report could have been one of the following … I then wrote three options down. I said without knowing the figures involved I couldn’t say which options should be used. Looks like I should have picked an option rather then saying the options! I’m sure I saw a answer saying all the options once. Oh well maybe I’ll pick up 1/3 marks …
Strange exams, normally I can remember questions clearly but this time I felt they wasn’t very rememberable or that different from each other. I got stuff down for every question but just hope I went down the right path for each question!
Can we see if we can get some questions & comparable answers down on here?
Q8, I said one person was entitled to the extra 1k as both parties received a benefit (job was to finish on time), & the other peoson didn’t have any rights to the 1k
Q10, wrote about directors duties, share issue for a majority etc. That was probaly the hardest question. I drafted between points I think. Thought the paper was ok, easier then past papers. Should get 50 I hope.
Q9, said the 10k was equal libility amoung the partners as the question didn’t state wheather a partner was allowed to withdraw money for that particular purpose or not.
Q8, was this about consideration?