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Kennys.ie but You should consider the Tax institute book which is being used in my course on DBS for J16
RE q3 B store in liquidation for sale. My read on this was that the asset did not meet all criteria to transfer to ahfs. it was not available for sale in its current condition due to the ongoing liquidation sale.?????
@hassandiamond said:
Yup! The difference between the 2 associate figures needed to be added to Ret Earnings because Bideford was still recording it at cost.If possible, can you guys remember what you did with the Inventory and provision? I think i worked out an inv write down of 3m and then with the provision, because it was an “onerous contract” you record a provision for the lower of the total payments in the contract or the cost to terminate. I think it was 3.5 off retained earnings and then added to Liabilities on the face of the SFP.
Exactly what I did on that Q
@hassandiamond said:
Technically it’s not called a step-acquisition, because B didn’t purchase the shares directly. It gained control, due to L’s purchase. But i think the treatment is the same, and as long as the %’s are the same then we are probably saying the same thing! 🙂 It’s definitely a D-shape group though, because both B and L had control over H.Hassan. Do you use the fv 25% per q in assoc at date of 70% purchase to get gooodwill??
@hassandiamond said:
It was a D-Shape group. If you can recall, both the Parent and Sub 1 (Lambley) had investments in H. A step acq involves 2 purchases from the same entity. This didnt happen in the exam question. Bideford bought 25%. And then Lambley bought 70%. Because Lambley bought 70%, it meant that H company became a Sub Sub of Bideford. But it’s not a step acq. Definitely a D-Group.Can u clarify. D or step. Surely there was 2 purchases by L in H???
The p2 paper was not bad overall but I don’t know if I did enough to pass
Started on q2 and completed q3 next with 90 mins left
q2 was FV scenarios –
q3 was a mix of treatment of Leases, PPE & Inv property, Intangibles & AHFSHope I will have got 30 marks between both
Q1 was a SFP. D shaped complex group.
A few horrible bits thrown in about goodwill and revaluations
Did all the workings but did not get time to add up the figures in sfp – a disaster basicallyStarted on 1b with 1 0 min left
Maybe 1 mark of 8
Q1c wasn’t bad but not enough timeSeagoat and DOA
Key advice is to master the IAS IFRS
Anyone got a summary document with the IAS/IFRSDo you think that cashflows or FX subs are likely to come up in March ? Comments above a little conflicting
thanks a milI would love to see June 15 Q1 lecture as there are elements of the ACCA answer which I cannot understand- workings around acquisition of Sub, Consideration etc
ThanksThank you for the specific details of the exam question – How did you manage to remember the specifics? Well done
Question re 1 C Did the question relate to A2K or QTS or both ???
Q1c. Organizational culture = ways of doing things within the orgn; this can be seen within the facets of the cultural web such as Stories, Routines and rituals, Power structure, organizational structure, control system etc. Didn’t do much as this was my last question and I was running out of time
Hi Tracy
It is impossible to use the Revision lectures without the exam papers ?
Anyone can help ???????
Thanks John for clarifying. It seems a strange policy (shift) that all of the exam will not be published !!!
@johnmoffat said:
The ACCA will not be publishing the whole of the September exam – only part, and not until after the December exam anyway.“With the introduction of the four exam sessions, we will continue to publish the same number of exams, two per year, and at the same times, after the December and June exam sessions.
These exams will be compiled from questions selected by the examining team from the two preceding sessions. That is, they will not reflect the entire September or December exam, for example, but will contain questions most appropriate for students to practice. “
Hi John
I phoned ACCA on Monday and they stated that the Sept exam paper will be uploaded within 4 weeks of the exam date, however the official policy you have quoted may be correct and most likely I was given incorrect information. It would be nice to see the paper. Does anyone have any further info in relation to the publishing of entire paper?
Thankscan you tell me what he was looking for in q! b (ii) – implications of Bonds issues
Thought it was a horrible exam paper. Questions contained different topics mishmashed together. Unlike any other paper I can remember. Q1 was a beast. I spent way too long on it. Even q2 was too long with interest options and collars for 10 marks after the big tabular fx thing .
Did q4 also in 15 mins should have done it 1st and given it 35 mins. Got discounted share price of 20 dollars approx.Thanks John –
can you just clarify the first point ? can I use the DF tables given @ 11% for 4 yrs – 0.659this doesnt match with the answer given- sorry I cant recall the maths here
Thanks John – I didnt spot the Div Growth model – that part is fine
but why does he multiply answer of DGM by 4th root of 1.11
Also on this Question – appx 3 –
re Subsidy – it that the normal interest rate the co. would pay 7% less the discounted interest rate 3% on the loan offered by the government – non cash but a saving which increases the free cashflow value to give PV of the project ???re where does he get the 7% yeild to maturity on the unsecured bonds
thanks for all the assistance
