[Shehzad]

all the decisions in regards to conses was made before the incorporation of the entity

[Shehzad]

I think it was a joint venture due to separate legal entity

[Shehzad]

any one remember Thru put accounting ratios question in regards to watches ? i think 50k of advertisement cost was not included in the calculation.

another MCQ questions in section B was in regards to sales mix contribution

there was sales quantity variance my answers was $1500k adv.

[Shehzad]

I took 80 customers in consultancy part as i was keep reading the scenario which mention rather was no change so I took 80 rather than 40.

[Shehzad]

Thats was same for me option A or d 91.35 or something

[Shehzad]

Hi I have got same questions in section C zland trust and Frasco hotel CVP questions
cs ratio was 60.5% and i multiplied with 52 weeks in part a and than part b after flood there was more occupancy.

[Shehzad]

I did find them okay

cs ratios was 60.5% and i have included 52 weeks in Frasco hotel question. what are your thoughts?

[Shehzad]

any one with zland trust and Frasco cvp questions.in section C

[Shehzad]

Are you taking about section C Npv question
I did the same 13% Npv was positive something 182…..

[Shehzad]

Hi there yes I had same question. There was one Eoq question in section C to calculate about the cost in part b there were ratios to calculate and WC policies aggressive and conservative.
Don’t know if you remember there was one Npv question in section A my answer was negative npv
Also Fra question in sectionA I choose the answer 30k something
Section B question 16-20 were okay
There was question in section B in relation MM theory about WACC or so
Another question in part A was about what is financial management

[Shehzad]

Alhamdolillah passed with 52%, for those who have failed with marginal marks please don’t give up,make more effort & hard work especially past exam papers (your 90%comes from there).

Now F7 any help /suggestions with this exam would be much appreciated.

[Shehzad]

Hi every one I wish you good luck all

any suggestion for F7 June 2020 exams any important topic or learning that i should more focus on

your suggestion would be much appreciated

Regards

[Shehzad]

@demetrios21780 said:
I had mcq if an audit partner after audit is recruted by the client what actions must the audit firm make.Also there was one with answers report1 report 2 audit report and something else.i believe mcq will have a deceding role for passing

what was your ans in regards to this question will the report would be Type 1 or type 2

I choose t2

[Shehzad]

what was your ans in regards to this question will the report would be Type 1 or type 2

I choose t2

[Shehzad]

Did you get those mcqs related who should be engagemnet partner like sharma , mandy something like that

also the scenario was like audit team office was offered at Client premises was this significant or not.

there was one question in elation to going concern and audit report did you got the same ? if so my ans was it was material -modified and except for report ???

please do share if you have any other question in mind

[Shehzad]

Hi I have got same questions

how did you find those do you rememebr any mcqs

[Shehzad]

Thanks for clarification

audit adj was accurals right if mngt dont adjust it would be qualified except for.?

[Shehzad]

I had 15 McQs has anyone had the same

[Shehzad]

Hi I think we had a same exam

I think the amount of 210k was material

I suggested accruals for current year if refused by mngt material except for

[Shehzad]

Hi what was your calculation about

I did on the basis of actual cost 2018 than divide to no of customer in each section

And obviously zBb theory etc

[Shehzad]

Hi

I think I had the same question

It was easy to say that 30k from SD and remaining 10k from outside supplier for $21

But my transfer price was (vc) which wa 9.70 =24-9.70=14.30 if the group wants to maximise the profit as whole

[Shehzad]

Thanks yes that’s look better

Did you remember what was your ans in 2 mark question where ilthey ask what would be budgeted cost for next month
I just put revised cost for next month budget.

Did you get McQ regarding usage of package it’s something like to pack the ingredient or so

Do you remember the ans

[Shehzad]

Hi I have the same ans adv price 3975 for planning
For operation 710 fav

Usage 1600 adv for planning
600 adv for operation

And 3rd part of this question ans was the revised price which they should budgeted for next month

[Shehzad]

and is the ans $22000 adv?

[Shehzad]

I think you made clerical mistake

as if the SP is $36 and 25% is contribution then VC should be $27

if the FC is $18000 than BEP should be 18000/9 = $2000

please correct me if i am wrong

[Author]

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