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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!
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!
in first question isn’t loan should be added to consideration ?? as it was to shareholders not the sub ???
@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.
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].
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 ].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.
i have 2012 Books of F7 what would you advice i need 2013 new books now or 2012 books will do ?
@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.
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