[Melissa]

i got these questions as well. Not totally bad at all.

[Melissa]

My kd was also low. I got 3.4%

[Melissa]

I did exams in the evening and got very different section 3 questions
the first one was to calculate NPV using real and nominal (10marks)
b) discuss real and nominal
c) beneifts of leasing an asset over debt financing (6marks)

questions 32
WACC- only consisted on PS, loan notes and equity (10marks)
b) discuss what is prohibited under islamic finance (6marks)
c) Discuss uncertainity in relation to IA (4marks)

My section A was more theory based
Section B was forex, WCM and cant recall the last area.

[Melissa]

For the question 33 I also mentioned they can make a joint election to net off Gains and losses

[Melissa]

Oh. How disband you find the CBE was?

[Melissa]

In section B question 16 which asked for the cost used to compute the chargeable gains what y’all got for that?

[Melissa]

Thank you Guys. How did y’all find the question 31 was?

[Melissa]

Correct me if I am wrong but from my text I know the Corp tax year runs from April to March and they also included a short example relating how to work it out apportioning months.

[Melissa]

Question 33 was related to long period of accounts. Anyone can recall how they went about their computation?

[Melissa]

I was of the assumption that the information relating to the payroll deductions were related to the second part of the question which asked about how the the deductions are taken out ( I spoke about PAYE) and mentioned that it would be sent to HMRC via the P11D form.

[Melissa]

Mubeenjuma. I did calculate payables initially but changed it as the payables days fell Year on Year and I would not have been able to use it as an audit risk.

[Melissa]

It think the option was cut off that they gave?

[Melissa]

I computed net profit margin, gross profit margin, receivables days and current ratio.

[Melissa]

Hey ?? good I got that. Thanks

[Melissa]

What did y’all put for the MCQ with the best test for the revenue which was recorded in the current year but related to the following year?

[Melissa]

Hi can anyone remember what they wrote for the audit procedure for the continuous inventory count?

[Melissa]

I also included the advocacy threat in the ethical question

[Melissa]

Just wondering also how did you guys approach the indexation question. ( q2)

[Melissa]

My question is For F6 UK marks are awarded base on workings done to arrive at the answer?
Let’s say someone has all the workings done eg calculation of fuel benefit, capital allowances etc assuming some are right but their format is not properly done will the marks still be awarded to the individual?
My reason for asking this is when you look at the how the marks are awarded (bpp study kit) it’s for the workings.
I would really appreciate some clarification on this.
Thank you.

[Melissa]

Very helpful. Thank you.

[Author]

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