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@salmaaan said:
Can anyone tell me.. in question 1a for sub 2
We had to multiply by the exchange rates or divideDivide…..Its was like 1$ to 2.8 dra……..
@jecksmelv said:
The discount risk should be provided for in current liabilities and added to retained losses of subsidiary 2 before translation. For the disposal, its still has control so u just increase current assets(bank) and NCI too. Other questions were pretty nice especially 2 and 3. Also found the 1b and 1c quite good because they have been examined in June 2015 questions. Those troubled about not getting Share appreciation, translation and all right shouldn’t worry cos its about each step you got right. The key is usually understanding ur IAS. Impairment of CGU 36 using before tax cashflows and impairment of financial assets ifrs9/ 13 using expected loss approach was examined. There was also a question in which the directors used level 2 fair values even though level 1 was available….overall the exam was fair to anyone who read technical articlesYou made really good point on here…..About the discount risk ,i leave it because i was unaware about the step to proceed,and in respect to share appreciation right,i did all step right except that i took the grant date instead of reporting date as i haven’t notice the question asking for share appreciation rights so do you expect me to lose all the points even though the step i took was spot on?The exam was fair honestly ,but i maybe going to lose some unnecessarily points which i should have obtained but nevertheless hope we all passed because its an intriguing paper to go through again…..
@sambathkun said:
Hi guys,Question1, there was trick about the a building that 50% owner occupied and 50% used as a rental (which is an investment property),
I was not sure how to deal with it, curious how everyone deal with it?
And also there was a discount rate 5%, I am not sure which part of the question need it?I performed badly during the exam 🙁
Likewise even though the exam wasn’t that bad…..I don’t know how to proceed with the discount rate so i leave it without performing any adjustments and related to the tricky 50 percent owner occupied and 50 percent rental(inv property),I split the fair value adjustment of $10(22-12) between investment property and ppe,in the translation subsidiary as adjustment prior to fair value of net assets as Acquisition ,then proceed the depreciation charge at post charges before fair value of net assets at reporting……3c was obvious IFRS 15 revenue recognition but i missed provision on it(Claim charges)…..
@sonyam11 said:
Just getting one of the adjustments wrong won’t necessarily mean you’ve failed though.Thanks….How many points do you expect acca to award for the share based payments?Is it around 3 points?Thanks….
@sonyam11 said:
I replied right above already, internationalOh how come i haven’t noticed that and instead go through share option as equity settled…..Thanks for that and Easy marks loss…Gutted honestly and now i’m more than certain that i’ll not pass ,so need to keep on studying P2 paper so that i can sit for exams june coming…Really gutted ,because i misunderstanding what i knew all about…..OH MY DAYS…..
@sonyam11 said:
It definitely said share appreciation rightsWhich paper you referring to ,UK based or INTERNATIONAL?
Did the question 1A about Shared based payment really stipulate Share appreciations rights because as far as i know ,the question only quoted share options so its only recognised as equity settled and no cash settled?
I’m so happy,Finally pass F5 -66pts(Second attempt),F7-65(1st attempt) and f9-63(1st attempt) and now on the drive for the P’s…Those students who failed to make it this time around need to avoid the idea of exit acca and instead take it as a motivation to drive themselves forward with more courage,force and obviously hard work…..Congratulations to all students who finally make it through…..