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Qs1
Audit risk (CGU, restructuring provision, employee benefits, employee redundency, inventory with analytics)Procedures and evidence related to above
Qs2
Reporting (goodwill n others which i dont recall now)Qs3
Quality, Ethical n Professional issues in identifying matters to consider to accept, evidences in file and procedures for loan arrangement review.Cashflow forecast procedures n evidence plus how you challenge the assumptions.
These are all what i can recall…. Qs1 was a bit tough n made me feel like i am sitting again.
Qs 2 n 3 were easy marks to obtain and these balanced my exam and gave me a hope that i might pass.
It was my first sitting plz wish me a pass.Awaiting inputs from others… Thanks
No…operating and financial gearing …..these are in syllabus… Please refer BPP section E… Chapter 16 page 392 and 393
@goodvibes said:
I got very confused with Paris Co question. The details were something like, project Z will cause a 27% reduction in energy consumption. And then the annual cost of electricity was given which was 30m and 2% increase in it each year. Tax rate was given and it was mentioned that TAD wasn’t allowed. Also the cost of project was given which was 20m or 25m maybe.
We had to calculate NPV and at first I thought 27% should be taken out of 30m as cash inflow but then I realised I was doing something wrong and then after that I couldn’t figure out what to do and I messed it up badly.
Does anyone know how this question was to be tackled ?Yeah i got the same question for 10 marks.
Question was like… there were 6 projects, U, V, W, X, Y, Z. Capital fund available was 70m with hard rationing (due to government imposed regulation – Project Z). Project Z had NPV ZERO and investment requirement 25m.
now Project has to be undertaken irrespective of positive/negative NPV and Profitability index. so you to take decision on remaining projects with leftover capital fund (70m-25m=45m)
(75m was a mistake mentioned in requirement….where as in question data, only 70m was mentioned)
For 27% reduction on electricity, this means that the net profit will increase by 27% reduction amount with tax increase by 25% on that increase as well and DONE….
I did the above way. Hope get pass