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Thanks, I realise there was a misread since you explained fixed instead of flexed. But your explanation is still appreciated.
ok, so increment is based on past information.
Rolling is for a period e.g. 12 months and updated every month.
How is a flexed budget different from a rolling budget? I’m thinking that both would take into consideration the current situation and adjust accordingly and that’s where I need clarification please.
Mike your post is missing the link. At least im not seeing a link in your post.
Hello mike
Similar to 3mr i have a real life situation in which i am a bit unsure. In a credit union , the shareholders are sold land which was purchased and eventually developed for resale by that same credit union. The land is being sold to the shareholders of the credit union below market value.
Is it that this should be disclosed in the notes , or is there more to it?Ps. I appreciate that you are taking the time to answer this practical question. Its good since these situations may not be in a text book. Your assistance helps us to be better accountants and auditors as opposed to just passing an exam.
I have noticed that most times the ACCA past paper answers are a bit lengthy.
Is it that those answers are done in such a way to help students to understand the answer OR is it that we are supposed to ideally write that amount as well in the actual exam?Ques 2b june 2013….nesta. i would like to know the thought process behind coming up with th different scenarios please.
ok, but how do I know if I should go into detail for each user eg hiker, dog walker, etc. as opposed to just grouping them as “users”?
I apologize, I should have mentioned and put the links as well. Its June 2013 q3B. The links are shown below for both question and answer:
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p3/exampapers/p3_2013_jun_q.pdf
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/p3/exampapers/p3_2013_jun_a.pdf
Hello
In the answer for 1B, i do not understand the machine utilization which consists of set up, production , set down. …why would the machine be set up 2 to 3 times a day? The answer does not give a combination for both types of windows being produced.Hello All
While i really Really appreciate the advice put forward by roro, i am not sure i understand how reading the financial times would give me a better understanding. I’m thinking that those articles would just highlight an issue and not focus on the solution. I would greatly appreciate it if someone can please explain, thanks 🙂