[Neil]

75 on the first time. Can’t believe it. I thought I failed. That’s me a first time passer then. Can’t believe it. Affiliate!

[Neil]

Wow. Got a 71 on my first attempt. For all those asking, this was done by knowing all IAS/IFRS inside out. But not just memorising, actually thinking about them and trying to attempt explaining and applying them to a scenario.

[Neil]

I didn’t get a text at all. Got an email at 12:45. I 2as paranoid as well.

[Neil]

But you would save 9n interest so needed to add back

[Neil]

The loan covenant meaner that revenue might be massaged so you needed to be very skeptical about anything dealing with sales. You could argue going concern but the info about the total finances so it was a bit difficult to argue that but I would argue that it is valid.

[Neil]

Wow, so obvious. I guess I just let the frustration get the best of me. For some stupid reason I was using percentages.

Thanks a bunch. I’ll buy you a pint next time you are in London!

[Neil]

I still can’t seem to get the figures that are in the answers. The thing that is throwing me is not knowing the opening and closing inventories. I get the profit margin etc and try to work my way back up, but without something besides the purchases using both forms I get something completely different.

Its been 20 years since school, so very rusty here.

[Neil]

Same here some of them were exact copies

[Author]

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