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It was an okay paper. Just generally harder than the other papers that I have attempted before. FRS 36 was a gift!
Isn’t this supposed to be fundamental? This Ann irons is making me feel very dumb. T^T
It’s a passable paper…but extremely difficult to score!1. Decision making…(Not within my predictions and I thought it was easy anyways, so I didn’t revise. Turns out, I forgot the exact steps…)
(10 marks)2. Target Costing was one of the topics I practiced a lot. But the style was so different! Full theory!? Holy crap! But arr well…managed to pull through.
(16 marks)3. =-= You evil evil question…I’ve never seen you in my life before.
Seasonal variation was something I thought would come out only as theory or some addition thing. Seems like I overlooked this part. 10 marks gone with the wind. The other 10 marks…pffffttt No more time (I did this question last)
(3 marks)
4. Finally something decent. Hahaha!!! … Wait 8 marks on TQM?! Whaa?? I’m sorry, which part of the syllabus are you from?
[Guess I have to slap myself for not covering everything in detail]
(12 marks)5. I screwed up even though I knew what was ROI and RI about. Exhausted and stressed. Didn’t read ‘Annual’. (5 marks)
(46 marks)
> I’ll see you again this December.
Unless they decide to implement the bell curve and push us up to a pass! Which is of course highly impossible…Hmm.. I tried the question. But I’m not confident without any answer. I added my answer under your question. But somehow i can;t seem to attach the doc. 🙁
Q1. Consolidation Statements (Parent,Subsidiary and Associate) 25m
Q2. Trial balance to SCI, SFP and SOCE 25m
Q3. Cash flow statements 25m
Q4. Random (Most probably theory)When you can confidently finish the paper in 3hours without looking at the answers, you know you are ready. (Of course your answers must be correct)
They told you that the revaluation surplus had 25 000 relating to the asset.
So when the asset was written down from 130 000 to 95 000 = 35 000
you must, Dr revaluation of 25 000. Cuz that’s all there is to take out.
the remaining 10 000 (35 000 – 25000) i think put to P&L!
(Just trying my luck. Sorry if i’m wrong)
Don’t worry, I’m from Kaplan.
I assure you that what my lecturer had said was that it is absolutely fine to abbreviate, so long as you spell out the full name upon first mention and add the (abbreviations) beside the term.
Subsequently, you may use the abbreviations without spelling out for the rest of the answer.