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I also said that they should go ahead with the Acquisition. Felt that it will help Merceh a lot wit their digital transformation. Benefits outweighed cons. It was also mentioned on the pre seen that their IT system was the same for six years, so they really need an upgrade in their digital platform. I said that they should opt for the loan, this is because the gearing will go up but in the long-term it will go back down if the integration is successful.
For the Q3, did anyone basically agree that the software can be classified as AHFS since it met all the criteria?
And the FV of land, I said that level 2 needs to be prioritised and used since the surveyor estimation might be manipulated.. what did everyone write for this?
On Q4, I had something like climate change impacted FA..what was the right answer for this, anyone remember how many marks this was? I mentioned that it needs to be impaired for credit losses and that maybe use the FVOCI model instead of amortised costs (it was a loan).
I had UK GAAP for part b of this question which was 15 marks . For part a it related to IFSR15 Revenue – something like 7 marks, 5 marks, and then a 3 marker.