[shannonmcnamara]

Can you also help to clarify setting up a collar if I’m depositing funds? Confused myself

[shannonmcnamara]

Hi
I’ve emailed ACCA but not heard back yet so wondered if anyone could help?

When trying to book my remote exam for APM on the ACCA page – it gives 3 options of this exam to choose from.

Does anyone know what the difference is? Below are the references:

1. CBE_APM_NA_OP_F1
2. CBE_APM_NA_OP_F2
3. CBE_APM_NA_OP_F3

Thanks,
Shannon

[shannonmcnamara]

This is the answer and I’m just not sure as to why we apply bonus fraction 6/5 to the original 4m shares??

—

There are $2m 50c shares in issue at the start of 20X4, giving 4 million shares in issue.
For market value issues of shares we calculate a weighted average in the year of issue.
Bonus issues are treated as if the shares were issued at the same time as the original
shares.

A bonus issue of 1 for 5 means that 900,000 (4.5m × 1/5) additional shares were issued.
We can apply a bonus fraction of 6/5 to allow for the bonus issue.

The weighted average share calculation is as follows:

b/f 4,000,000 * 4/12 * 6/5 BF* = 1,600,000
+ Market value issue = 4,500,000
+ 1:5 Bonus issue of 900,000 = 5,400,000 * 8/12 = 3,600,000

Total WANS = 1,600,000 + 3,600,000 = 5,200,000

[shannonmcnamara]

How will we know when the materials have been updated?

Thank you!

[shannonmcnamara]

Super helpful, thank you so much!

Think I’ll take FR as you recommend – also read that it goes well at the same time or close to sitting AA which I’ve just done so seems to make the most sense!

Thanks again 🙂

[shannonmcnamara]

Did anyone have the MCQ that was something like:

Lawyers have said it is probable to lose the court case.The likelihood of having to pay out the courtcase are as follows (for example as I can’t remember 100%):

20% chance of paying $100,000
45% chance of paying $200,000
35% chance of paying $50,000

And asked the value of the liability missing in the FS?

There was an option of $200,000 (as most likely) or the expected value calculation (using the above $127,500).

Is it correct to use the expected value formula here? Stumped me a little in the exam!

[shannonmcnamara]

Hi John,

How many hours would you say you need to cover this module comfortably for a pass?

I work full-time and thinking of entering in for December exam.

Thanks,

[shannonmcnamara]

How long would you say is prime amount of time to study for this exam to get a pass around a full time job? Is there a large amount of content to get through?

[shannonmcnamara]

Passed 68% using Open Tuition and Kaplan – studied 3 weeks alongside a full time job (again, I wouldn’t advise but it is possible if you study and practice effectively!) Thanks Open Tuition

[shannonmcnamara]

Hey, no – I actually find section B quite simple. Mine was preparing FS given a list of adjustments and then Consolidated Group accounts.

Cover practice questions on Consolidation with % of ownership i.e. calculation for Retained Earnings, Goodwill and Non-Controlling Interest as well as calculating Group profit after NCI.

As long as you do plenty of practice questions and ensure you properly read the question, you’ll be fine. I noticed I almost tripped from not reading some of the question correctly on the Financial Statement questions!

[shannonmcnamara]

Passed with 72% using OpenTuition and Kaplan!

[shannonmcnamara]

Noone has told me this before – thank you! My F2 is this week so a bit too late for that!

[shannonmcnamara]

I have mine this week and it’s my first one, as I had an exemption on F1 – do you have any tips? Thanks

[shannonmcnamara]

I have my F2 exam in 10 days and still don’t feel very prepared, it’s my first one as I had F1 exemption. Does anyone have any advice?

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