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@rabia1997 you can find the answer to Pre June 2022, by ending/exiting your paper on CBE platform. Then go in the mark section, click self-mark and you will find the answer to Yummy co, which you are referring to
Sir what about this
“And is it acceptable to leave the questions within the answer as this would take time going back to delete. Do you lose marks for leaving questions within the answer? To me its unprofessional ”
As I also struggle with the same thing…
In BCO S/D 2020 suggested answer, despite senior finance manager being an internal party to the company uses words such as “the rise in animal support costs MAY BE due to inflationary pressure” , “cost form commercial operations has fallen MAY BE due to fewer properties to manage (we sold a property in 20X1) or it could be because we have managed our shop and cafe more efficiently”
So can we do this too? Stating possible reasons, even if not directly mentioned in the case study?
Sir can I please request you to not lock this question, please? I feel its very important for my understanding
Sir if this or for that matter any financial ratio has been asked to calculate as a part of performance analysis then, do we show the formula and figures used in spreadsheet or we can directly use our figures in word processor for analysis?
Hello ma’am, I wanted to ask if we are allowed to have a portable fan nearby? I may have to keep one, as there is no air-conditioner in the room I will taking my upcoming exam (in June’22).
Your advice would be very much appreciated!
3. Sir in the 1st point same subpart, I was wondering how increase in revenue leads to increase in contribution, I mean unless variable costs fall as a percentage of sales, it is not possible for contribution to rise, correct? So why does suggested answer says that contribution would increase (or in other words variable costs fall) over the project duration?
Or there is a catch that I am unaware of- like all questions involving slides carry 1 mark/point, is there anything like that?
Hi @shaunak22 which paper is this question stemming from, if you don’t mind sharing? Especially the point that you make about ERMF, I am afraid I have not come across that topic before
thank you for your response to this!
Sir I am self-studying so it will be extremely helpful if you can answer my other queries(around ‘slides and notes’ and ‘headings…’ – you’ve locked them) with a little bit more detail .
If I don’t have these queries resolved, then it defeats the purpose of taking mocks…
-> Further sir in 3)b) we have to make a table with appropriate rows and columns like given the sample answer ? Or that appears unprofessional. If so, how do we present our answer for such questions on weakness, consequence and recommendation questions?
Alright noted sir.
What about NGOs? Their supervisory board WILL NOT BE paid?
And public sector organisations(government controlled)? Their supervisory board SHOULD BE PAID like for-profit organisations?
And if I am wrong, should I deduce that in 2 tier structure, regardless of organisation type, supervisory board is principal and agent- management board?
and in case of unitary structure, EDs/management is agent? donors/shareholders principal? So in other words, if BCO had unitary structure, I would have been CORRECT in saying that donors are principal and management board is agent?
Thank you for responding sir. But can you elaborate on this a bit further?
Also can you give 2 -3 more examples, that will help immensely!
Much appreciate your help 🙂
Sir, I also had same doubt. Thanks for resolving it.
But just one more thing. Is it true that a question from a technical article can only crop up when there has been a new article in the quarter ending towards the preparation phase, otherwise no question from the technical article comes.
Can you confirm the veracity of this widely held belief.
ma’am can you clear the marking scheme for materiality calculation, I thought there was 0.5marks for using any one becnhcamark and calculating the figure, and another 0.5 for stating if its material or not =1 mark for materiality statement.
But from your above post am scared, am wrong. Do you mean we have to use 2 benchmarks+materiality conclusion=1 mark for materiality statement?
maam since this is relating to formatting and structure only, am asking it here:
In seciton A from my understanding there are no marks for CONCLUSION, so should I still care to write it?
and secondly, I have a habit of copy pasting requirements with mark allocations, should I after completing the report remove them to gain professional marks ? Or their presence won’t affect my professional marks at all and I shouldn’t bother wasting my time on removing them
Just asking so as to know if under as time pressured exam as AAA, do I need to care for such nitty-gritties
In completion and review questions,
when there is immaterial misstatement then, do we say that “there is a risk that X and Y are understated due to immaterial misstatement”
Or we DO NOT use the word RISK at all, and simply say that “due to immaterial misstatement X and Y are understated”
Sorry for bothering you with such silly doubts ma’am
ma’am from my understanding there are two possible responses in case of assuming management responsibility:
LISTED(any non-audit work)
The threats created would be so significant that no safeguards can be used to reduce it to an acceptable level.
UNLISTED CLIENT(any non-audit work)
-mgt accepts its responsibility for taking any actions based on recommendations from auditor
-mgt accepts its responsibility for oversight of services performed by auditor and monitoring of any reports produced.Can you please confirm them?
in other words can we talk about how no evidence has been gathered on other requirements relating to that IFRS/IAS standard?
this is a very helpful guide ma’am!
Just one thing, can we recommend some things? Like things that we want to add as evidence, can we put those things as “auditor should have….”
and then go on to add those points as evidence also?
would that be considered repetition? or that would be just as fine…
The “fruition” of the transaction is due to be finalised on 1 Aug 20X5, this is AFTER the financial statements will be issued (‘in the next few weeks’ and today’s date is 1 July 20X5.)
Wait ma’am!!! isn’t this a judgment call! Few weeks according to me was that transaction comes to fruition before auditor’s report and finical statements are issued-hence my concern for Non-Adjusting event, but according to you transaction will happen afterwards…
so then what’s the best thing to do?
also maam I have another doubt pertaining to Myron question,
the reason why examiner’s answer does not include any mention of “non-adjusting event” is because the question only indicates high probability and finalisation stage of disposal but not the fact that it is disposed after year end, the latter would have led to material non adjusting event disclosure, right? Like what happens in Ryder co S/D19 question? primal is “disposed” post year end hence disclosure of non adj event necessary?
