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Thanks for asking and answering in an apprehensive manner.
So shall we also upload the Whole financial statements too or just the pages from them, as pages from them is difficult.
Can i upload the whole financial statements for the years 2013, 2012 & 2011 ?
So do u mean by this like a zero rated companiy in the group should separately be consider for the CF advantage ? Means its VAT return should be separately submitted from the group to avail this benefit ?
And secondly i have a question with the exmept supplies, it says that company who makes exempt supplies can be included in the group but it,ll affect the partial exemption status of the VAT group and may restrict the recovery of input tax, what does this mean ? Kindly explain it by telling me the difference between zero rated & exempt supplies.
Thanks
1- For your ease, lets say if their are two different audit firms (A & B) and those are conducting an audit of a company which is located in UK and its subsidiary in say Pakistan. So whats the audit risk here ? See the audit risk is RELIANCE on other auditors(B) of different country for e.g risk is that u r putting too much reliance on other auditors(B) work, there conclusions, there opinions, there workings etc.
As its possible they dont know how to check the accuracy of complex IAS-39 issues or say IAS-19 calculations etc.. which could be very material and critical for any organisation.2- So how would u plan, as take in how would u response to these situations n planning or conducting ur audit ? :
You would assess there qualification, reputation, experience and client base etc, so a formal confirmation of there independence could also be required if u suspect on there integrity.Conclusion:
So to identify audit risks you have to assume several kinds of possibilities of errors that could arise in a question and then provide there resolution. For e.g it is possible that inventories may me misstated or not recorded correctly like Lower of cost or NRV.
How would u response to this risk ? U will consider the nature of the inventory, if its seasonal then the remaining inventory in the stock should be impaired or check for the obsolescence etc u know to value them at NRV. as it should be.I hope it would help.
These are Available on there website for free. If u r registered icaew student.
It depends on the type of question but bcg is something that can be applied to anything to win marks, besides porters 5 juz like balanced scorecard approach.
Prod o/h is regarded as an indirect cost so it excludes the direct costs it may include electricity costs used on producing those goods & depreciation etc, these are not directly attributable to goods but even though we have to deal with them exaclty like direct labor or direct material cost as in cost allocation sense of a product.
Mrketing O/h is itself covers under non=manufacturing o/h it includes promotional expenses for a product and advertising via on TV, Radio or newspapers etc .
Its risky but 3months are more then enough. But i think u should go for P5 and change only ur technique i am sure u,ll qualify this time straightly. Technique contributes almost 60% + 40% hard work = Success.
I am sure in ur previous attempts besides this one ur concepts would be strong, so only thing u should look at is ur technique & planning.Best Of Luck.
@fever003: Mostly students prefer P5 over P4 as its quite easy as compared to P4. If u loved F9 and u cleared it in the 1st attempt then u should go for P4, But if u dont then change the study plan and technique for P5 and go for it.
If u need assistance kindly feel free to ask about any study issue or techniques which i used to apply successfully
Best Of Luck.Its not frustrating, this is life.
I heard 4-5yrs ago that someone did and u know….its kinda rumour.
Just remember if acca fails someone then there must be a valid reason as its a professinal body there system is so much sophisticated if u look at there website they also mentioned the paper checking sequence its simply amzaing and professinal.
If u want to go for a recheck then go ahead.
Best Of LuckI always preferred kaplan ftc book+kit as it makes u tough to qualify in first attempt besides it always teaches directly to the point.
But if u prefer easy going with the flow then its ur choice to go for BPP.
Best Of Luck
As ur first preference should be to clear acca ASAP from a practical point of view, though P4 is an excellent subject but people learned enough from f9. I took P5 as its use is quite obvious for management jobs and it also includes P3 main items.
2ndly P5 is much easier then P4 this is what i think. Though some people find P5 very boring, to some extent its true while P4 is not even close to boring.
Choice is urs.
I would suggest P5.BSc is not ltd to 4 perspective in practical situation, but these 4 are core and its easy to put anything within them, (remember u have to link all the BSc items to each other for an effective BSc approach), So as u know the perspectives like:
Financial, Customer, Internal Business, Innovation & Learning.
These 4 perspectives are used to assess an organizations performance, so these are core for the companies in short from focusing to earning level.
Financial is so easy for evaluation as u asked: For e.g. if an organization sets the target profit and cost level & wants to evaluate its profit & cost performance, then what will the company do? obviously they will calculate ratios like gross profit, net profit & cost to sales ratio etc from existing as well as new projects or customers depends on companies policy, u can cover anything in this perspective which relates to finance, profit, cash flow, cost etc.
Customer Perspective: For e.g. i own a transport business and i want to focus on new customers, then how will i chk my business performance from this perspective? Obviously percent of sales from new customers, same as for hospitals percent of sales from new patients etc. U dont have to limit urself !
Internal Business: (What u should do to satisfy customer)Fore.g. Percent of new patients operations completed within budget and time, percent of patient query resolved in time etc. This related to ur efficieny and ur core processes which can achieve its targets. (Dont Limit urself)
Innovation & Learning: (3 E’s. economy, efficiency & effectiveness, apply them) Means to say in hospital, new instruments introduced, new methods of dealing with patients, percent of time devoted for nurses skill development, percent of revenue earned by the introduction of new innovation like new instruments etc. covers in it.Balance scorecard is quite a broad term, dont limit urself in answering the question. If u need further help do lemme know.
Sorry for late reply, i was away:
15 wards * 8 patients *365 days= 43800/3(avg stay of each patient)= 14600 simple.
U,ll get the marks of .5. But u have to mention the name of ISA too in full, as ISA number is too easy to remember and its not an achievement until u remember its name. I did my acca in June and i read the examiner article in which she said .5 marks will be given only with full name of ISA otherwise mentioning only for e.g. ISA 220 will not give u any mark until u provide its full name in the exam like ISA 570 going concern.
Students are unaware of this fact, even the teachers.We used to stuck at this question when we were doing acca, here’s the tech.
(i): See both tables Upper table and Lower table named as NUMBER OF CUTS.
Now u have to find which figs are less then 36.26.
So look at the above table: Under 25(cuts) and .5(timber)= 36.07 is lower then 36.26.
Now look at the lower table now with probabilities, calculate (32.28 to 36.07)
.02+.03+.03+.01+.01+.08= .18*100= 18%(ii) Now same Case now u have to look for more then 41.21.
Now look at the 1st table then 2nd for the calculation of Probabs.
No. of cuts: 50 timber .6: from 41.87 to 49.21 (These all r above 41.21)
So now look at the lower table and calculate: (41.87 to 49.21) .02+.04+.06+.06+.02+.02+.02+.03+.03+.01+.01= .32*100= 32%Best Of Luck.
Everything’s important dude this is the final stage…..what i suggest is get a strong grip on application/ measurement of performance measures, financial and non-financial measures interaction with companies, and must know how to analyze F/statements effectively. divisional performances and their interaction with each other is very important and budgets.
Lolz about to post this question but found it…. solved my problem….Thanks everyone who helped in this post…..
