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Thanks 🙂

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ok Thanks! 🙂

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Sorry, mike i didn’t knew i can’t answer here as i am new here 🙂 .

Anyways my response was that, If two not-material misstatements become Material when Combined then qualified “except for” opinion can be given. If two misstatements when combined become Material and Pervasive then adverse opinion can be given.

I hope my understanding is right, if not please correct me mike.

Thanks!

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Thanks Mike i appreciate your help.

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i think a adverse opinion would be given if both misstatements are material and pervasive if not a qualified “except for” would be appropriate and yes both misstatements would be mentioned.

i hope the answer is right, looking forward to see expert opinion of Acca tutors to check my answer

thanks!

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in first question isn’t loan should be added to consideration ?? as it was to shareholders not the sub ???

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thank you!

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@Fidget said:
Assuming F7 is the last paper you have to do in the F papers range, to sit P2 at the same time in June means you would also have to register for P1 as well because you cannot skip a paper in the next module (P1 in your case) if you haven’t fully completed ALL of the papers in the module you are currently in, and since you’re in the F papers module, you’d need to register for P1 too. If F7 isn’t the only paper you have to completed in the F papers module, then your access to the P papers module is reduced by the amount of F papers you still have to take. So.. since you can only take 4 papers at any one sitting, if you still have F7, F8 & F9 to pass, then the you’d only be able to apply for F7, F8, F9 & P1. You wouldn’t be able to skip to P2.

Yes F7 is last exam to do for me in Fundamentals For me i have taken F7 P1 and P2 unfortunately .1 is also my second attempt this time got 45 in P1 last time. i was asking while studying would i face any problem or not.

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ACCA website says there are no changes in 2012 and 2013 study guide. its like 2011 can be used in 2012 and 2012 can be used in 2013. [ they say minor amendments to wordings].

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how to cancel the principle and the interest amount?
for ex subsidiary had loan of 50m and this year has paid 9 m [ 4m interest and 5m capital repayment ].

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thanks

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Yes got it. i am using Kaplan that’s why messed it up.
Thanks

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No i am saying when we need to calculate Group retained earning we do it like this for ex
[if parent owns 80% of subsidiary]
retained earning parent 100%
+
80% ( retained earning at acquisition – retained earning at reporting date) = Group retained Earning.

in some examples they used ( total of Net assets at acq — at reporting date). although answer is similar because share capital and share premium remains the same but i am not clear about this.

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yes i will refer to them .
thanks

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i have 2012 Books of F7 what would you advice i need 2013 new books now or 2012 books will do ?

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@rehan4pk said:
Yes you can attempt now. The exams dates have been changed. I attempted f7 and p2 together in June 2012 and passed both.

Best of Luck!!

thanks i will do that.

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Thanks I will take both of them this time then

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hii guys i scored 47 in F7 last time [ Dec 2012 ]. and now i plan to take P2 with F7 this time. will this be ok or i will be in some kind of trouble?
thanks

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47 arghhhh

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the above link doesn’t work now can anybody answer the same question IAS and IFRS to be examined in F7

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