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Oh in the lectures notes you had stated that there was a live CBE lecture and so I asked.
Anyways i will check the FM cbe video. Thanks a lot for all your helpAlso if I perform the calculation on spreadsheet should i show the actual formula and then do the calculations or is it okay if i dont write the actual formula and just do the calculations for the different years
Thank you so much sir, I finally understood now.
But I did watch your lecture. And I tried applying the same method that you taught, but I couldn’t get the right approach or answer.
Could you give a solution to the same question according to the method that you taught in the lecture?Sir I don’t understand the unhedging part in this question. Tried searching for it in your lectures but couldn’t find anything.
Could u please explain what under hedge and over hedge means in general terms and relating to this example as well.
Thanks for all your helpThanks sir.
Also in question you said that we assume we are in UK and dealing in pounds unless told differently. So I assume the same in exam too??Thank you so much sir, happened to watch the lecture again, now i understood it.
Similarly, in your second example, if it is a two for five offer, then for every five share you currently own, those shares will be cancelled and instead you will have two shares in the acquiring company.
As per what you said above, then it would be considered bad right? since I am losing my 5 shares as its cancelled and getting only 2 shares in the acquiring company? So my total number of shares will only be 2 that relates to the acquiring company.
Also from what you said, in question Q 28 Makonis BPP, the scenario states “Makonis Co has offered to acquire Nuvola Co. through an offer of one of its shares for two Nuvola shares and M company has 210m shares in issue and N company has 200m shares in issue” – Can you please explain this above statement to get a better understanding.Also in requirement (c) I did not understand how they calculate the additional funds required.
Also sir I have another doubt, this might be a very silly one, but I am not able to understand what it means when the question says “offer one of its shares for two shares currently held” or “offer two of its shares for five shares currently held”.
I’m finding it difficult to understand how to go about it. Please can you provide detailed explanation or refer a video that clears my doubt on this.Okay understood, but 5.146 is 8th year annuity factor, not the 7th year annuity factor.
Also i am using BPP rev kit that is valid from Sept 2019 – June 2020, can the same material be used for either June 2021 or September 2021 session
I have watched all the updated videos and read the updated AAA notes for December 2020 exam. However I am asking about the revision kit. In your post it says there is a small change to the syllabus. But there isn’t any changes to the revision kit right? I just tried comparing the updated BPP kit (soft copy) with the older kit (hard copy). There is no changes.
Apologies for not being specific, also thank you so much for the help.
I understood the part where it will lead the auditor to assume management responsibility if he review controls and systems, but I’m still confused as to how it lead to a self review threat. Could you please help me out with this.So my main confusion was w.r.t to example 1 of the Ethics article on ACCA website.
It says this
“The audit committee of, Mumbai Co, has asked the partner to consider whether it would be possible for the audit team to perform a review of the company’s internal control system. A number of recent incidents have raised concerns amongst the management team that controls have deteriorated and that this has increased the risk of fraud, as well as inefficient commercial practices. The auditor’s report for the audit of the financial statements of Mumbai Co for the year ended 31 March 2016 was signed a few weeks ago. Mumbai Co is a listed company.”
Required:
Comment on the ethical issues raised and the actions your firm should take in response to the client’s request.The answer says its a self review threat and may possibly lead to assuming a management responsibility. I don’t understand how its a self review threat as it is the auditors responsibility/duty to check/review the systems and control for any deficiency.
i believe there is no ethical issue as its just a standard duty of auditor to check for the controls. Here the auditor isn’t actually looking or detecting a fraud; he’s just checking if the controls are fine.You completely misunderstood what i asked.
I meant BPP revision kit and not the syllabus areas.
Part A and B covers Regulatory environment and professional and ethical considerations.
And chapter 1-9 of OT notes covers REGULATION, LEGAL MATTERS AND QUALITY CONTROL and ethics.
So what I’m asking is if i can work out the Part A and B of revision kit questions after completing the first 9 notes in OT.And No; BPP kit is not split between Section A and B. It contains a variety of questions with 20,25 and 50 marks and not split according to exam Section A and B
Another question, my June sitting for AAA exam might get cancelled due to current Corona Virus situation. And i have revision kit which is valid until June 2020.
If my exam is postponed to Sept 2020, will the current version revision kit be applicable?Hey Kim, i have decided to sit for AAA this june session. I’m planning to watch the lectures and read the OT notes. Having completed this i will be working out the entire BPP revision kit and reading the technical articles on the website.
Is the approach good enough to passing the exam or should i also read study text?
