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For the trade receivables question, the allocation was romm 18, trade receivables 12, ethics 10 as for as I rmr
I had the same exact questions attempted question 2 first. The 12 mark question was comment on the audit evidence obtained on the integrated report. One of the biggest give aways was that they stated they made a 20% increase in revenue when they actually made a decrease in revenue. Then we had to suggest further audit procedures to be done.
2nd attempt, bit disappointed that no sustainability reporting came but I believe I made a better attempt this time.
I totally agree with Esther, That international npv should alone be worth 20 marks easily. Yh we may know how to do it but it’s too time consuming and exactly what you said the back and forth had me confused. As I said I cant rmr which amounts were which currencies so I totally messed that up but that question was all over the place. I wonder how they can say everyone had similar exams so the marks should be leveled but I doubt. I admit I have only done one Int NPV question and figured it wasnt a big topic (study hub didnt cover much or topic explainers) but I’ve seen straight forward npv questions have a better mark weighting than that question.
The international npv was messy. Honestly too long of a question to do everything correct. Was I to translate the cashflows? I totally forgot which figures were in which currency. I calculated the spot rates for the currency at least. That free trade question was a kick in the guts, why would they test that? I feel like International npv wasn’t a big area so to have a 50 mark question on that was unnessary. Seems they try everything for you to fail. They seriously need to assess how much can be done in time allotted. I cant do good quality work for that 50 mark question and still 2 additional questions.
A full 25 mark question on sustainability reporting. Didn’t think that was fair and I also had that as my ethics questions. I just new the basics cause I wouldn’t think they would bring a full question on this.
I got 59%. I was confident i would be pass but this was my 1st exam so i thought it was a possibility of failure. Super grateful, thanks open tuition.