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Thank God, Passed – First Class Honours!
Special thanks to my mentor and the Opentution Obu forum which helped me to clear many doubts and gave me many useful tips.
Thank you so much.Hi
I read in info pack that reference list should be preferably in alphabetic order. I read in this forum some students saying its time consuming to make it in alphabetic order. Cant, we do that with ms office sort option?Thank you so much for your help.
Hi,
When I read info pack it’s stated there that everything from the start of the title page to the end of conclusion including chart, graphs included in the word count. But when I am looking at the Wordcount in MS word, chart, graphs not included in the word count so my question is does the marker have any software that will count the chart and graph and do I need to leave around 100 words as spare?
Thankyou @trephena and one more thing, I chose Hotel industry and when doing the net profit margin, for administrative expenses and interest rates I am not able to get much information, can you please provide some tips particularly for Intercontinental hotel group?
@trephena
I read your forum about referencing, I have doubt that if I read an article and write in my own words and at the end of the paragraph giving the reference . Is it allowable ?ok sir so you are saying that the above procedure which i suggested wont come up as it will be dealt in the way which you have mentioned so my last question .. what would the audit manager expects from the review of working paper done by his juniors on the specific wrong accounting treatment ?
ok sir so that means like in the same qs part itself one of the answer from the audit evidence expected to find in the review of audit working paper is that ” minutes of discussion with management regarding the accounting treatment and including an auditors request to amend the financial statements”‘ sir , this means that when the manager will review the working paper he expects to find the discussion with managemnt about this wrong treatment ryt ? this discussion will also include wether the management is willing to amend the financial statement and if they do the amendment then we should audit the amended parts again is it sir ?
b) in most of the similiar questions like this there will be some wrong accounting treatments done by the management so when the audit manager will review the working paper he expects to find the minutes of discussion with management by the auditor regarding the wrong accounting treatment ryt sir ?
( i think this may take sometime for you to understand my question but based on your knowledge and experience this doubt is a piece of cake …i hope you can reply to my question and above explanations which you gave i completely understood 🙂 )
ok sir i understood you above explanation …iam asking in general like take the same qs example of misclassification of financelease to operating lease in this first the auditor will collect evidence to ensure more that its financelease and then will ask the management to take appropriate accounting treatment to correct the error then the auditor will obtain further evidence to make it sure that the treatment have been correctly done like ”recalculation of finance charge and depreciation expense in relation to the leased asset ” …is my understanding correct sir?
ok sir i will wait because if i will write the requirement then it will become more confusing 🙂
Download OT Notes listen to the lectures and do some question practice related to each chapter mentioned in the study guide of opentution and when you finish full lectures and notes ….start full practice of revision kit questions ( i used bpp rev kit ) and some questions better to write answer and study ..give 1 full month for question practice and make smalll notes if you want to refer for the last minute preparation and in exam try to answer the questions according to the verb and mark allocated and complete full paper ..dont try to write one point so long write answer according to the mark allocated …and leave rest to the Almighty.
This is what i did and i hope this will be somewhat helpful for you 🙂🙂 I know that cast means add up ..but my question is can you explain this procedure?
ok so
in an exam question if they are asking to list any four procedure we can give any of the procedure but for scenario question it should be based on the scenario ryt ? so for scenario also OT note explanations can be written as answer ?
It should have better if in the OT notes it is explained for which asssertion is explanation given 🙂wow this is good one .. thanks for sharing this link .
and hope you will update this with the latest exams .Thnkyou sir. In ot chapter otherthan internal control which chapter explains the above mentioned concepts? And it will be good to do past paper once i have completed the ot notes and lectures ryt ?
materiality will be for the financial statement as whole say 5% and perfomance materiality for each headings in the financial statement say for ppe 3% cuurrent asset 2% etc . is it ?
so iin conclusion materiality is not set by the auditor and the perfomance materiality is set by the auditor which will be less than the materiality .
Am i correct ?ok . thank you sir and by the way can you say me in which chapter of ot notes does it reflect materiality concept?
sir , i didnt get how u calculatd stnd cost per hour of work .
can u make it clear ?Hi sir,
I watched uar lectures and understood how to draw decision tree . I even watched the Perfect value information lecturre also and i was able to OT question . But when coming to this Gym Bunnies I understood how to draw decision tree but iam not able to do the part b, please help me sir .sir in your explanation u said to get throughput u can divide throughput per unit by hours per unit ,so here the throughput for x is $60 . Whhat is hour per unit ? here if we take its like 1/1200 = 0.00083 hr so your saying to divide $60 by 0.00083 ? then we wont get the same answer
please help sir iam confused.