[saruccia]

Hi, section A was a disaster for me because of having to select more than one statement, so even i get one right other wrong it’s zero marks. To make it even worst i was the only one that computer froze so had to change place after that i lost focus and panicked in section B, with everyone typing at the same time was so distracting i kept on thinking time is running out, just wanted to leave the room, first time doing a level 2 exam CBE was the worst, might miss graduating this year.

[saruccia]

Yes i got negative post acquisition

And for the cash flow part, you could have mentioned somethng around the line overtrading.

[saruccia]

Was good. Had jst passed over it the night before.
There was no specifit asset so went straight from removing it from good will then , currents asset does not impair since its already at lower value , then split between brand name amd building.

[saruccia]

I was doing paper based. In the last question sec C 32.
1. Where did you guys remove the impairement? ( since it happened post acquisition it shuld not be in the goodwill calculation but it shuld be removed somewhere in the consolidated statement, is it in the retained earnings?)
2. I have practiced a lot cash in transit but goods in transit confused me a bit, when calculating the figure for inventory i shuld remove profit from that amount given which was a seling price, but what other account is affected? cash?? If yes the amount will not cancel each other out as i will have to put the profit aswell, nah? what you think?

My figures were very far apart and i did not have enough time left to check why so, i think my marks will come more from my workings than figures in the statement

[saruccia]

did you do paper base exam?
cash management is talking about miller Orr and Baumol
centralised management – no duplication of work, finance easily raised when there is one department and communication and information flow faster instead of waiting to reach subsidary department.

[saruccia]

Passed with 57% on second attempt, sooo happy! I needed this for motivation for my next paper in June. Thanks to Sir John Moffat for your lectures. Two of my colleagues failed with 49% which is like the worst score ever, soooo close yet so far.
To all that has not passed, dont give up, think about your future. All the best for another attempt.

[saruccia]

@natty2 said:
I got 51% for the contribution/sales ratio

Same, it wasnt exactly that answer but it rounded off to it.

[saruccia]

@colinjsweetman said:
Hey Thiago – sat mine in Kensington College too but I must have been in a different room – ours was quiet, but for some reason made us sit in front of the computers for 40 minutes doing nothing before the exam
which I found odd.

did you sit a CBE F5 paper if yes i think it is usually different, i sat a paper base and section C was a learning curve with a variance question in it and the other one was transfer pricing, both very detailed and tricky.

[saruccia]

In past questions nor in BPP practice kit, i have never seen a quest where minimum price was higher than maximum price, when i calculated and got $14 i thought this was wrong and switched my answer to 3+4+1=8. Since it was the last question and i had only 2 minutes left i did not have time to think they wrote it like this on purpose to challenge us, now that i think about it i think they wanted us to comment that Div A will not trade selling to external market so to trade to Div B as it will make a loss per unit sold and Div B will not accept the minimum price of Div A so, Div B shuld take what they can get from Div A so whole company can be profitable but outsource all other from outside.

Any teachers here than can discuss with us what they think?

[saruccia]

and suprisingly i ddnt knw the life cycle profit per costumer, the bank thingy quest. anyone got that quest correct, i dnt knw where i went wrng cause usually its easy.

[saruccia]

Section A flowed very well but Section B and C was really tricky, so many details and can easily loose marks.
what did you guys get for minimum transfer price for question 32.

I was thinking it is maybe 3+4+7= 14. i got 7 by 15-3-4-1=7.
but external market is 13 so it cannot be this as 13 should be maximum.

so is it maybe 4+3+1=8 ?

[saruccia]

if i remember the figures correctly i think its
$220000 for 11000 units and 235000 for 14000

so high low method results to 15000/3000 = 5.

so 220000 = a + 5 * 11000
a= 165000

so TC= 165000 + 5* 12200
TC = 226000

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