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The text books are valid until June 2014. You cant buy books valid till Dec 2014. These will be only available after the June 2014 sitting.
yes i did, i even re-winded the lecture three times and checked at the answers in the back
umm do u know the answer? cus i have arrived to one and i do not know if what i have done is right 😀
so i used some mathematics here and hopefully i have not broken any math rules -_-
this is what i came up with:
n = 10
3500= 500 [ 1- 1/(1+r)^10 / r all i did here was get read of that negative exponent by reciprocal.
3500= 500 [ (1+r)^10 – 1/ (1+r)^10 / r ] what i have done here is i have solved the numerator fraction part by finding L.C.D
3500= 500 [ -1/r ] we cancel out (1+r)^10
hence r = approx -7 and i dont know how to get rid of the minus 😀 If you substitute the r=7 you get approx 3511 well something close though don’t u think 😉Cheers
it means: to make one unit of finished product 2 units of A and one unit of B are used. So the material cost of finished product per unit would be something like this:
1 unit of finished product : 2units of Material A + 1 unit of material B
= 2units * Rs.20 + 1unit * Rs. 2
= Rs. 40 + 2= Rs. 42Hey there!
By payment i hope you mean the investment in machine and by WDA claim i hope you mean tax relief on WDA.
If thats the case, if tax is paid in arrears then tax relief is in year 2, since the machine is purchased in the first month.
If it was purchased at the end of the accounting year: tax relief on WDA would have been in year 1.
Yes you can register for a CBE and add more exams in december as long as the the toal number of papers including the CBE isnt more than 4. You are allowed to take a maximum of 4 Papers per exam session regardless of CBE or PBE
Yes they are old and F7 has had couple of changes. I wouldn’t recommend you to use them.
okay this are in my opinion:
F5- Bpp anf Kaplan
For f7- kaplan text
F9- Emilewoolf and bpp (in places where i felt emilewoolf was not sufficient)To be frank i use all three in places where i feel one lacks the other or where one book confuses me. Of cus i dont read through all. Im more inclined to Bpp but for f7 i didnt bother to look at Bpp i referred to Kaplan.
F7 and F9 are huge syllabus papers. For f7 i would recommend using Kaplan study text. F9 is a theory and application paper. Do not ignore theory! Make sure you cover all the topics of the syllabus.
Both papers require good practice. Time management is crucial in both papers. F7 paper format is obvious and thats why practice good amounts of consolidation qustions, Final accounts, Cashflow/Interpretations and the last 2 questions could be anything. At first you might find F7 a little difficult depending if u have done consolidations before the rest are pretty okay. I cannot stress enough on practice.
Lastly solve out past papers under strict timing. Especially f7 you have to train your self to not cross the time allocations. Same applies for f9 you’ll find the paper never ending 😀
That would be absolutely possible, yes! Watching video lectures first will help you understand faster expecially for F9
Congratulations on your graduation!
I wouldn’t say its impossible but you need to consider how much time you have in hand considering how tired you might be. I wouldnt suggest how many hours because that totally depends on you. For F9 depending on what you have covered in your graduation I would suggest you to get yourself familar with ARR, IRR, Payback, NPV from opentuition F2 videos if you haven’t covered these. Both papers need good practice. If you are willing to do what it takes then I would suggest you to start studies now.
Normally, as the days come closer to pay the fees for the exams, I would consider how ready i am and I suggest you do the same. If you think you can complete revision before the exam for both the papers, carry on with both. However, if you feel 2 papers are too much drop one and concentrate on the one you are more confident about.
Debit increase in asset and credit decrease in asset. Since inventory is an asset you will follow this rule.
For your knowledge:
Suppose there has been an inventory loss/damage reasons such as fire, obsolescence: the loss/damage becomes and expense. The inventory decreases thus you will credit it and debit the loss/damage as an expenseOpening inventory is shown at the debit side of the income statement and closing inventory is shown on credit side of income statement. Opening inventory is not shown in Balance sheet only closing inventory is shown in balance sheet.
The link to new syllabus. Its the same as of June 2013
I agree! F5 is pretty big syllabus! and this is one paper where you shouldnt under-estimate the examiner (though you shouldnt with any :p) The examiner has quiet good surprise element in every exam session, atleast thats what i feel. The more you practice this paper the less it is. Practice good y’ll 😉
I forgot to mention do not ignore theory in both the Papers. Many students have the tendency of studying only the application part. These papers are often a 50 50 theory and application. Remember theory can help you gain marks. When you read your text try making your notes/points.
If you observe the past papers you will find this:
F5: There is always a question on variances, performance management – so make sure you know these topics well. This ensures you can gain marks from here as these topics repeat themselves every exam.
F9: you will always notice a NPV question with a tax and/or inflation element, Working capital which are all repeating topics.
Hey!
First identify the areas you are weak in. Any area which you find is difficult or you have not understood the concept, topics your a not comfortable with. Next, locate the topic tutorial on opentuition make sure you thoroughly understand. Often we feel we know everything while we study but when it comes to attempting questions we feel lost. After watching the lecture and the notes; make your way through the kit. Always watch the lecture first and then read notes it helps to understand faster and easier. Practice past papers under time contraints. You may be well with concepts but whats the point if you know the subject but over spend time on doing questions, hence, time yourself when you attempt the questions. Very important! you do what the requirement states. Sometimes we get carried away with what is required from us; stick to what the questions asks you to.
Hope this helps 🙂
Good luck 😉
