[i-acca]

Hi on the question one, of we did get the purchase consideration and the net assets amount, do we get penalised on the goodwill and the NCI calculation?

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Is that in the UK variant? I cant remember this question?

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How about the business or asset acquisition?

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Do you remember what was the question 4 intangible asset question?

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I did this with the tech company because question was to compare the traditional manufacturing financial reporting and digital. So outlined the differences between the tech companies and normal companies as share holders will need more information and traditional financial reporting is not enough. Hopefully we all get some points ??

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Yes I think it was like 8/12 x 6= 4m

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In Q2 a section, what is the component recognition? I messed up on that question ?

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Do you remember the question with the revenue? There were 2 performance obligations international and domestic: i said recognize separately and dont recognize that 10 m as revenue?

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Yes got that 16 as well, there was cash, deferred cash and share base payment.

And yes, it was indeed strange the question with the sale and lease back but the first option i came to a conclusion that it wasnt a sale and the next question 2 m gain.

[i-acca]

Share based payment purchase consideration would be the fair value of the original scheme right? 10m

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Regarding the sale and lease back question: Did anyone recognized that it wasnt a “sale” and the next question to demonstrate the sale and lease back?

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Can anybody remember what was the Q2;

Capital expenditure forecast – 9 marks
Ethics – 8 marks?

[i-acca]

Is that the UK paper because i dont remember for going concern question on Q3.
INT there were 3 companies and matter to discuss and evidence (revaluation-7mark, building -7 mark and revenue recognition-5mark) then 6 mark report if not adjusted i might be wrong with the mark allocation

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Above is all Romm plus internal control.

Unfortunately didnt do well with the business risk 12 mark question apart from

ratio analysis
luxury business,
resignation of the management

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Here are my audit risks all i could remember:

Audit risk 18
Cfo resigned
New cfo
Share based payment
Advertising
Goodwill
Fault in product
Management bias
Internal control
Inventory

[i-acca]

INT paper

Q1
Business risk 12

Audit risk 18
Goodwill and advwrtising 10

Audit comittee responsibility 6

Q2
Capital expenditire forecast design 9
Ethic 8

Q3
Completion on with evidence
Revaluation
Building instruction
Revenue recognition

Audit report is its not corrected 6 mark

[i-acca]

Thank you

[i-acca]

Thank you. What is deal with the dividend?

[i-acca]

If anyone remembers Could you please write down the questions?

[i-acca]

Question 1: MBI and MBO
Recerse take over and IPO
Equity value of 3 companies ans offers

Question2 :
Futures and options
OTC/ future/ forward difference

Question 3:
APV
Long debt discussion

[i-acca]

Ok

[i-acca]

I got 50% and passed!!!!

[i-acca]

56 first attempt and very happy 🙂 thank you all

[i-acca]

Ke: 13 i found and wacc : 12 kd: 5.6 i think hopefully its right, working capital objectives: working capital policy, terms of trade, nature of business, operating cycle.

Dividend growth model vs capm : g constant, risk, capm is the best one in the end.

Factoring and invoice discounting: expert, admin saving vs….

Project specific discount rate found 9 %

[i-acca]

got 62% and am very happy for that result 🙂

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