[rhomer01]

Summary to SBR exam variant –

Section 1:
> Goodwill calc (incl. deferred consideration 11m over 2 years – not sure int rate%)
> impairment of net Assets using proportionate method.
> Pension liability accounting – defined benefit scheme (service cost, interest, contribution made by employer)
> Adjustment for above in SOFP

Ethics section
> explanation of Joint venture and operation
> ethical issue of person being employed on a temporary contract and ‘doing whatever it takes“ to help company reach goals – company record a joint operation instead of venture to increase revenue issue.

section 2:
> NCA Revaluation model and accounting for deferred tax element.
> provision/ contingent liability and contingent asset question
> impairment of CGU
> financial instrument/ debt instrument – company offering loans but expected credit losses due to economic environment
> IFRS 18 – usefulness of information & not adhering to standards

That’s all I can remember ?

[rhomer01]

Agreed hadn’t got a clue how to answer the time series question. There was a two marker about about the disadvantages in times series too.

The mix yield variance were particularly hard to calculate.

[rhomer01]

sorry but where on earth are you getting: ” When Q =1,050 units”?

[rhomer01]

Did the morning exam.

Section C was a cashflow question – hadnt revised this at all really
Section C was also a NPV calc – Strange wording and I ended up with a negative NPV

Section B Forex – interest rate parity
Section B Working capital formulas (I think)

Section A seemed ok apart from Marginal average cost of capital I had never heard of this before

[rhomer01]

Did the morning exam.

Section C was a cashflow question – hadnt revised this at all really
Section C was also a NPV calc – Strange wording and I ended up with a negative NPV

Section B Forex – interest rate parity
Section B Working capital formulas (I think)

Section A seemed ok apart from Marginal average cost of capital I had never heard of this before

[Author]

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