Forum Replies Created
- Posts
@richieoctober said:
all the examiners articles – people & strategy, pricing strategy (econimic & non economic factors), the strategic use of IT, forecasting (trend analysis), and project mangement. . . . . barely anything came up only the financial and non financial benefits of the project and benefits realisation. very annnoying to study these inside out and the minimal amount comes up in the exam. im very disappointed after putting in so much effort for nothing. q1 part a) i put in pestel and then did the 7m’s model as i taught this best fitted the “market/industry” requirement. the porters diamond is used when expanding abroad & the porters 5 forces is in relation to “competition”. the question didnt ask for competition of wasnt a foreign expansion so what do ye think???? was i wrong using the m’s model????? time pressure also was unreal. didnt get to finish question 4 and didnt really relate it back to the case study, just explained the i’s and gave a real life example. overall, disappointingactually those articles are not written by examiner, most of them are written by Ken Garrett, he is a freelance lecturer and author. my situation same like you, i spent time carefully read all the articles. revise the whole class notes and revision notes, but when i saw the questions, my mind really went blank, what i studied before really time wasted, i might as well dont revise, at least i won’t be panic that what i studied was totally irrelevant
the swimlane diagram too small, all the arrows intertwined. i can’t even see clearly the direction of the arrows.
and status of ISA, i never learnt it b4
audit accounting estimate, didnt really cover.
and the audit risk and response, my brain was hoping wages to come out, screwed that part already.
value for money audit, totally unexpected.i don’t know how i should study F9 now, too upset to study already
(1) the discount offered can give rise to familiarity threat if the auditors have accepted the discount, auditors are more likely to overlook the misstatement by client’s staff as a favour for receiving the discount. for self-interest threat, the auditors are unlikely to pressure client to correct misstatement so that the auditors can continue receiving those discount in the future.
(2) can be self-interest threat if the audit partner wants to protect the friendship with the finance director/ does not want to lose finance director this friend.
so as for the objectives of external auditors, the primary objective is to express an opinion whether the financial statements give a true and fair view. and the secondary objective is responsibilities relating to fraud. it is correct to say so?
for MYS F4, the last question was on Capital Maintenance and Dividend Law. some parts of the question were beyond syllabus (?) examiner asked “can holding company utilise subsidiary co’s profit to distribute dividend?” “if in the next year holding co makes profit, can holding co. distribute dividend without writing off previous loss?” “can holding co. distribute dividend using share premium?”
i could not find answers for these questions in BPP textbook. juz hope the marker can understand my arguments and give me some marks
Do anyone of you have the answer for this question Gunge Co, part (ii), the labour variances which are cost variance, efficiency variance and rate variance? My lecturer used kg instead of batch to get the Labour Variances, the answer he got for Labour Cost Variance is 3083(A), Labour Efficiency Variance is 2760(A) and Labour Rate Variance is 323(A). I don’t understand why can’t we use the number of batch to derive the standard hours for actual output.