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It was a pretty good paper. Patiently awaiting the answers to come out

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It doesn’t necessarily affects the assets I think. The bargain purchase amount would be added into the consolidated retained earnings.

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omar.nathaniel is my Skype name. I’m preparing for f4 also for December 2013

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Emile Wolf!!!

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@wajiman said:
As the question said cost per kilogram/kilometer, ” / ” this sign again means “per” so the correct real question was “cost per kilogram per kilometer”. the examiner just included this ” / ” to confuse. i got the answer as $0.003

Exactly how did you put down the calculations?

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Anyone remebered what they got for the question regarding the trucking company making deliveries with particular loads over particular distances?..I was really shaky on that one

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smokes_2k6@hotmail.com

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For that first question mentioned i also chose intimidation. The with the trade union I also thought it was the responsibility of the board to sort thigs out considering that the CEO was caught in the mess to begin with.
In regards to the question asking about fiduciary duties I selected an option where it mentioned something about “one looking out for the well being of the organisation and its stakeholders…basically putting the organisation first in everything that you do.

The question about the disclaimer..I selected that its purpose was to protect the producer….im a lil uneasy about that one though, because I do remember one of the options mentioning something in legal terms… 🙁

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@pauld123 said:
Are we allowed to discuss the exact questions? I can remember a lot of them and like all Multiple choice exams a lot of them came down to two very close options. Starting off –

There was a question early on about fraud. I felt that two options were marginal deception, and one was theft (removal of assets). I think the answer was Deng who was moving money from pirated CDs to an offshore account. What does everyone else think?

Hey I got that too…the others were more centered around fraud in my opinion also.

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or more like what your actual should have been based on the criteria of the budget

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There may be quite a few reasons as seagoat points out. Remember that a budget is more of an estimated assumption in regards to how the business may or is expected to perform if everything goes as planned. Normally the budget is even written up before any business activity even takes place. Its very likely that youre actual results won’t match budgeted ones.

[smokes2k6]

It’s come up in quite a few topics, especially over and under absorption or even costing methods. You should find it under Accounting for Overheads in the video lectures for F2.

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