[rotkun]

Q1.a) Consolidated SoFP for 35 marks

[rotkun]

I was expecting an easier B section. Could not get my head around Q3, therefore went for Q2 and Q4. Totally surprised with joint arrangement in Q1.a…
Overall, I had a real tension for not losing the fight but in the end, expecting a pass. Fingers crossed…

[rotkun]

Sorry,

part c) was SBP; Joey issues options to employees of both subsidiaries. The options vest immediately and subsidiaries are not under any obligation. Accounting treatment on financial statements of Joey, subsidiaries and group. (more or less 🙂 )

[rotkun]

Hi Viliyana,

There was 1.b for 8 marks and 1.c for 7 marks.
I actually started the exam with 1.c and then 1.b

As far as I remember,

Part c) was ethics; where the company needs capital injection and directors lie to the bank about the financial situation. They plan to manipulate the accounts. Also the position of the chief accountant who just started the job and has got financial commitments himself.

[rotkun]

December 2011 F8 paper has been published on ACCA website however not the answers yet… You guys may wanna have a look at it 😉

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