[Osama]

27 voters think the paper was easy…. really?

[Osama]

For the identification of deficiencies in a SALES system in Q5, my answer included 2 deficiencies regarding dispatching of the items, would that be relevant to sales system??

[Osama]

@maven232 said:
Guys most of my mcqs were option B. Did anyone get lots of Bs? I think I got one D n that was number 12.

I was short on time as well. Think I left five six marks.

Majority of my answers in mcq’s were either b or c

[Osama]

@rcc002 said:
Yeah i do
Because Brenda is doing all things HAHHAHAHA

haha true.. she is a robot!!

[Osama]

@usamaniaz said:
Osama

What did you chose for the last MCQ regarding the going concern?

I think both were wrong

yes both were wrong

[Osama]

Most of my answers to mcq’s were either option ‘B’ or ‘C’ apart from one or two.

[Osama]

just saw the question and I definitely think its answered wrong in the bpp book. The answer should be other matters paragraph to be added in the audit report.

[Osama]

I believe the answer to your question should be based on the managements reaction to the situation.
If they agree to adjust the receivables balance in their financial statements, then financial statements will show a true and fair view and no disclosure will be needed. (this is the answer as per your mcq, write off and no disclosure required)
BUT if management decides not to adjust the receivables figure in the financial statements that have been audited, then a qualified ‘except for’ opinion will be given on the grounds of receivables balance being materially misstated per the audit evidence obtained after the year end.

thats what I think should be a reasonable approach…

[Osama]

F5 67%
F6 52%

thanks OT 🙂

[Osama]

I drew a decisin tree in the exam but i had two outcomes coming out of an outcome?
We had 2 scenarios if we would have gone for the extension to the gym/whatever it was
1) increase or decrease in number of members
2) increase or decrease in price charged to members.
So you can see for an outcome of going ahead with extension, we had two more outcomes but there is no decision made in the middle (after going ahead with extension and before the two outcomes)
Is it valid?
I hope i am making sense here. How did you guys drew your decision trees?

[Osama]

<cite>@modi786 said:</cite>
14marks

Lol

[Osama]

<cite> @mfc2476 said:</cite>
i only managed to do the planning and operating variance for comodity 3 by working out how they had calculated them for comodity 1 and 2 as they gave the answers to these in the question!

Haha i did the same. Took me 10mins to figure how they had calculated those figures. Inwas fighting with my calculator at the point 🙂

[Osama]

Could you add me as well please.
skype: osamaumar

[Author]

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