[Saiqa]

I think 80% of the syllabus was covered.

Goodwill:
Deferred consideration was discounted at 9%, then they said one of the asset book value is 18 but FV is 33 at acquisition. What you did for that? I got confused on additional depriciation part.

Defined benefit pension:
Pension question started with net – liability, – interest, +contribution, – CSC and correction of contribution being booked in PL

Pre populated excel sheet:
I think I did okay in explation part but not sure about
SOFP entries.

Joint venture vs operations:
I was confused until I read the ethics exhibit saying its correctly accounted as Joint Venture.

Ethics:
FD asked new recruit to book the investment as joint operations, bonus tied to revenues..
Mentioned code of ethics, integrity, professional competence, self interest threat, directors duty put system in place for controling and reporting ethical issues I. E. Risks faced by the company, finally the option to report relevant authority who have a power to invoke the acca designation.

Provision of restoration costs and YE balance:
Provision, discounted, unwinding and depriciation of asset. I think it was 65m 10 years at 4.3% something interest. And asking the balance at year end.

CGU:
On CGU impairment was all covered by GW?

Expected Credit Losses:
Loan provider in a country now in instability, most customer haven’t paid interest from months.
Third stage of ECL, Lifetime credit losses to recognise and interest calculated on net blanace.

IFRS 18 corrections and effect on users:
Associate profits booked in other income and depriciation charged in admin expenses. Also associate profit and dividend received were booked separately, it should be profit less dividends.
Usefulness operations provide info on income generated by company’s usual long term business, investing about how effective and liquid investment are, financing provide info on company’s exposure to financial risks etc..

Fair Value:
Someone invested in shares that lost 40% value and not much activity on market so he wants to account it as pv of future cash flows, something like that. Reply, Principal Market vs Most advantage market and FV hierarchy x 3 levels, Quoted, observable input, unobservable inputs hence regardless of activity market is still the best way measure the value of shares providing most accurate value.

Question on NCA:
Couldn’t even start with this question.

For new students:
As said earlier, about 80% of syllabus was covered.
I have not used Excel other than adding values in SOFP, 80% of exam was discussion based, accounting and application of standards and it’s effect on FSs.
As my teacher says it’s
1) State the standard
2) Apply to the information provided
3) Conclude

Good Luck Everyone

[Saiqa]

Q1 car service company, evaluation of the report, perishable, intangible, balanced scorecard, building block.
Q2 plastic / recycling containers, cost leadership, ABC and ABM
Q3 app development, risk appetite porters 5 forces
KPIs
No TP
Don’t remember anything else ?

[Saiqa]

Q1 car service company, evaluation of the report, perishable, intangible, balanced scorecard, building block.
Q2 plastic / recycling containers, cost leadership, ABC and ABM
Q3 app development, risk appetite porters 5 forces
KPIs
No TP
Don’t remember anything else ?

[Saiqa]

Q1 30 marks correct the consolidated Cashflow after Sub acquisition.
Q2 20 marks on Ethics and data confidentiality due to employees working from home.
Q3 – Q4 was on bonds, Segment reporting, sale and lease back, revenue recognition, operating lease.

[Saiqa]

how you people are getting your results?
Is it in your email?

[Saiqa]

Hi everyone,
Has any one received an official email from OBU?

[Saiqa]

I think this result is actual because i cab also see the markers comments on each section.

[Saiqa]

Failed
Reference
I think i have given all the references i used in my project.

Can i resubmit now?
Do i have to include one more recent year financial statements as well?

[Saiqa]

I am worried about my SLS

[Saiqa]

Hi Everyone,
Those who have attempted it for 2nd or 3rd time, would you please let us know what were the comments on your previous results.

Good luck to all, specially for those who made their last attempt.

[Saiqa]

It’s not fun to do it again.

GOOD LUCK TO EVERY ONE
and please share your results

[Saiqa]

A friend of mine advised me to review the RAP i sent to OBU once before the results and point out the weak areas, so that if unfortunately i don’t pass i will know some of the reasons for it.
So we have one day to review it, what you say how many grades do you give to your RAP???

[Author]

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