[Samb]

I got this paper too! The proportionate CGU method of impairment threw me off abit, with the grossing up of Goodwill – got myself in a muddle!

Also completely forgot to depreciate the asset under revaluation model (my brain was saying it was an investment property ! 🙁 !)

Frustrating, but the rest of the questions seemed okay, apart from the ECL discussion based question, which again, not sure what I wrote was what they were looking for. Hopefully enough to pass as really don’t want to study this exam again, I found it horrible!!

[Samb]

I also got the Expected Values question, and the wording was terrible.

My understanding, was that the first part asked for all profit outcomes (just the merchandise expected value calculated for the merch sales figure). Therefore, no expected value of total profit needed.

Then the second part asked for the expected value, which felt abit too easy of a calculation for a 5 marker?

Then part c, with calculating the probability of making a profit below £200k, I used the percentages between 8000 sales and 10,000 sales to work out a probabiltiy – but was very confused here. Don’t remember ever doing a calculation like that in my study.

[Author]

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