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The time allocated is not adequate for this exam considering the same amount of time is given for the fundamental papers , will be back doing this in September due to time pressure and not my lack of knowledge….very frustrating
I think it said depreciation was managed but not owned by head office so it should have stayed in the division? maybe im wrong but i didnt deduct it
Hey Anna I put in about the potential fee exceeding 15% and the threat to independence if the external auditors were placing reliance in the audit work and the increased redundancy costs
I said it was immaterial because the accepted materiality of revenue is 1-2% of revenue and the difference represented 1.28% of revenue & and 3.2% of PBIT, I said the impact on the audit report would be unmodified I hope I was right
I added the 4m provision to assets for the goodwill calc but I discounted the loan like deferred consideration when I should have added on a finance cost. Sh*t!
Hi Sir,
Can I ask a question on the scientific calculator please? I am trying to figure how to calculate the learning rate on ‘Test Your Understanding 3’ in Chapter 9 of the Kaplan Dec’16 – Jun’16 complete text book.
The question says ‘b= logr / log2 where r= learning rate expressed as a decimal’.The learning rate given in the question is 80%.When I put this into my calculator (log button , 0.80/2) I get -0.39794 however in the solution to this question the rate is -0.3219, have you any idea where I am going wrong?
Thanks for your help.
Steph.