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Sarah

Profile picture of Sarah
Active 7 years ago
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Viewing 23 posts - 1 through 23 (of 23 total)
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  • September 7, 2017 at 5:57 pm #406478
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    Yes, I was exactly the same. Hated Q1, I spent so much time re-reading. I wouldn’t have scored any professional marks as my answer was all over the place.

    I was happy with Q2 and Q5 then completely rushed Q4 as only left myself 20mins.

    December 11, 2015 at 3:15 pm #290967
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    I found section B fairly ok and think I should get 50% on this section, although I was very pushed for time and rushed my last answer.

    I thought Section A was tricky and to make an educated guess at a lot of those questions. I hope it doesn’t pull my mark down too much.

    June 2, 2015 at 7:46 am #251767
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    @drice99 said:
    Is the minimum transfer price 740+extra cont lost 30=770.max tp 800?

    I believe minimum transfer price is the higher of suppling division’s lost contribution (850-770=80) or marginal costs (740), therefore I got it as 740.

    June 1, 2015 at 11:09 pm #251717
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    @melitachester01 said:
    Oh right, I get you now, yet I added materials & labour separately, I didn’t, bulk them together, is that ok to do that? I did like a statement at the end ????

    It doesn’t matter whether you included labour and material costs into High/low or just added them at the end, you end up with £21 total variable costs either way. I forgot to take fixed overheads off the final profit figure at the end oops.

    Q1 ABC I recommended not to implement as costs were so similar and implementation costs would likely outweigh benefit.

    Q2For transfer price question I got the transfer price as £740-£800 and stated that for overall company profit the actual transfer price is irrelevant so long as it’s between that range, e.g. higher divisional profit for one division = lower divisional profit in equal measure for the other division.

    For the same reason I got Div M to supply full quota of 35,000 to Div S and 25,000 to external customers. My understanding of Transfer Pricing is that by improving Div M’s profit by supplying external customers you would be reducing Div S’s profit by forcing them to buy externally, therefore reducing overall company profit.

    Q3 Was this the learning curve/variance questions? I can’t remember my calculations but consequences included:
    – incorrect selling price due to cost-plus pricing method so will affect demand.
    – negative affect on sales manager performance as harder to sell it higher price so he may not achieve bonus.
    – production manager rewarded with bonus incorrectly
    – appointing of temporary workers unnecessarily resulting in higher costs
    – demotivated workforce due to easy task
    – workforce and fellow managers may question production managers judgement in future.

    Q5 – just gave text book answers, rambled on and didn’t particularly link it to the organisation.

    June 1, 2015 at 10:23 pm #251708
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    @dskinner83 said:
    I did overall profit too, so hoping that was the question! Now I’m starting to doubt myself and wondering if I misread the question!

    I also thought it was overall profit based on optimum price and quantity.

    December 3, 2014 at 11:37 pm #217129
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    I really struggled with the MCQ on Cashflows. None of the answers I kept coming up with were an option. In the end I gave up and guessed, spending far too long on 2 marks!

    December 3, 2014 at 11:32 pm #217124
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    @gazeboz said:
    Me too for the Inv MCQ question!

    For Part B Question 3 Was the apportionment fraction 9/12 months for the subsidiary P&L figures – (9 Months)

    Yes that sounds familiar to me, I know I did 9 months on one of the questions but can’t remember exactly which one.

    December 3, 2014 at 11:20 pm #217120
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    @vinayemraz said:
    The MCQ on inventory

    210000 /0.7= 300,000
    300000 * 0.8 * 0.75= 180,000

    cost= 210,000
    NRV= 180,000

    1000,000-210,000+180,000
    =970,000 recorded as inventory

    Did you got the answer

    Yes I got exactly the same answer.

    December 3, 2014 at 11:12 pm #217118
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    I chose Military Coup to be excluded from Consolidation as no longer in control.

    December 3, 2014 at 11:07 pm #217117
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
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    I think I got 160000 on CGU impairment (can’t quite remember question but thought it was 250000 not 100000 impairment). Anyway I basically did 50 from Goodwill then 80% of 200000 against P,P,E as PPE represented 80% of CGU after Goodwill.

    November 7, 2014 at 5:01 pm #208266
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
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    Thank you for that.

    Yes, I get that now. Using the Bonus fraction has the effect of the bonus issue existing all year.

    I have also been using Kaplan text and it makes no mention of this at all.

    Thanks.
    Sarah

    October 30, 2014 at 5:32 pm #206873
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
    • Topics: 4
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    Hi,

    I can’t help with your question but I have exactly the same concerns.

    Sarah

    October 30, 2014 at 5:30 pm #206872
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    Hi,

    My understanding is that an Accounting Period relates to incorporated Companies and is never longer than 12months. It is the period that Corporation Tax is calculated for.

    A Period of Account relates to sole-traders, partnerships and unincorporated businesses. They are usually 12months but the individual may choose to have a longer or shorter period of account.

    Sarah

    June 5, 2014 at 4:54 pm #174325
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
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    Hoping I did enough to pass but doubt it’ll be a high percentage.


    @aleem
    pretty certain the figures were VAT amounts so didn’t need to calculate 20%

    June 4, 2014 at 8:39 pm #173970
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
    • Topics: 4
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    @adam I agree regarding QCD, I didn’t transfer it either.

    But I realised I made a major mistake when I got home, I transferred Capital Allowances not Capital Losses Arrrrhhh! Q2 was the last Q I attempted and my brain was fried, not sure how many marks I will lose for it, whole part was worth 17 marks.


    @Aleem
    , I also ignored CLT in Q5 as more than 7years.

    June 4, 2014 at 8:29 pm #173969
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    • Topics: 4
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    Q1 There was a part c, to recalculate Goodwill using UK guidelines (completely threw me so I left it).

    I think the marks were 6, 15, 4 for Q1.

    June 4, 2014 at 8:22 pm #173967
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
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    I don’t think it matters because all questions are compulsory. I think the tick boxes on the front are more for papers where you can choose which questions to attempt.

    June 4, 2014 at 8:13 pm #173962
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
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    Results are 4th August

    June 4, 2014 at 8:11 pm #173960
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
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    Q4 topic revaluation reserve & asset disposal I think, but I left this question until the end and didn’t get time to do it.

    Q5 topic was contingent liabilities. 3 scenarios and had to say how you would deal with each.

    December 10, 2013 at 2:18 pm #152172
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    F3 was very timed pressured. I found most of the exam questions ok but struggled to get through them in time. I rushed 9 questions in the last 15minutes.

    How did others find it.

    Sarah

    December 5, 2013 at 5:05 pm #150715
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    That’s very reassuring, I thought I was missing something. It also means my pass mark was a little higher!

    September 24, 2013 at 3:13 pm #141157
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
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    Thank you xx

    September 23, 2013 at 10:29 pm #141106
    bad6a6166f8f27b2a4844476322588d7d0219553feb526a3c9c914fa9a6ca273 80Sarah
    Member
    • Topics: 4
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    Hi,

    I couldn’t give you a definite answer as I am quite new to the ACCA but my advice would be to look at job websites etc for your location and see what jobs are advertised, what experience they require for certain salaries etc. This may give you a better understanding of what’s expected.

    Good luck
    Sarah

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