[temi]

To those who are genuonely interested in the study session, can you confirm 6pm on monday the 19th is ok by you? lets meet if ok or suggest another time

[temi]

can we pls conclude on the time to meet 6pm Monday ok with me, everyone ok ?

[temi]

Folks, no response from lazyboy the moderator, can you suggest what to to meet in the room and chat room and discuss? i suggest saturday 6pm. pls put your suggestion forward for th e time to meet for the 1st time.yo just need to
For those who doesnt know how it works, you just need to go to CHAT in the t op panel and log in with your id, then go to P7 chatroom.thats it!

[temi]

<cite> @lazyboy said:</cite>
Who want to join P7 study session for dec 2013 exam?

Please share views and decide timing.

Hey Lazy boy, can we meet in the chat room to decide the time? if you suggest waht time to meet so everybody can be available to decide the time and we can go with the majority.

[temi]

I WILL LIKE TO JOIN, AVAilable monday to thursday from 6pm and saturday from 1pm

[temi]

<cite> @kzzrd said:</cite>
Hi Guys,

I failed P6 (UK) at 49 this jun and had failed at 41 in dec 2011!
I need advices from those who have passed this paper. I had been doing self study with Kaplan Text and Kit but that’s about it as i am staying outside UK. I used BPP text and kit in Dec 2011!

-Can anyone share your advise on how to pass this final paper for dec 2013 exam? I’m an average student.
-Is it too late to start studying now?
-Tell me your timetable like how many hours per day, how many days per week you devoted your time to study?
-when did u started doing your revision – like 1 month before exam?
-i cant afford to buy the online classroom course from Kaplan – but is it necessary to attend online revision course or anything like that?

Pls help…as i wish to clear this final paper this sitting! Thank you

I,ve been doing self study since i started f1 til now, i took p3 and p6 in june and passed both 1st attempt.qs practice
The main thing here is to know your weakness in the exam, is it time mgt or lack of knowledge of technical area. If tecnical aspect is the issue, put more effort in your study, if time, u should realize that p6 does not require stories, bullet point will do. do more qs practice, i believe in qs practice a lot so always give my self 4wks of qs practice for each paper. i used kaplan material. what you might also find helpful is visiting kaplan bitesize tutorials, they have very good materials and exam techniques free. if you search through google – kapaln bitesize tutorial- it takes you to the right page. Lastly lean on God’s strenght as with God all things are possible. Good luck

[temi]

I mean , what medium did you receive your result through?

[temi]

how did yiu hget it folks, email or text?

[temi]

Hi,
Don’t really understand what you need help on as u did not specify, but if i can guess, in goodwill calc, why its grossed up?
REason being that, i presume the co calc goodwill using proportionate method. So to calc impairmt when initial gw is calc using proportionate method, u always need to gross it up. remember proportionate method GW only relates to parent GW. but here we need to calc impt for the whole sub( parent & NCI) hence the notional GW calc by grossing up, hence the value of 150 for GW and total imprt of 130 relates to the entire sub so we take our share of the impt which is 60%. Hope it makes sense.
Let me know if this however is not where u need clarification on by clarifying what your concerns are

gd luck

[temi]

It will better if you type in the part of the Qs involved and the related answer you are confused about as not every one use the same kit. I use Kaplan for instance so have no idea what you are referring to

[temi]

Hi, Sorry, i know you might not understand as the column went out of sync, i will try and explain,
The initial cost was 10k depreciated over 5 yrs uel, so at 20X8, 2 yrs depn must have been charged leaving the asset at the NBV of 6K ( 10-4(2yrs charges).
Assets then revalued to 12K giving rise to 6k of revaluation increase. i.e 12- 6(nbv) which is then taken to reserve. Hence the answer you have Dr Asset 6k(i.e increase the asset to 12K) and cr Reserve 6K ( revaluation).
After the revaluation, the asset will still need to be depreciated over the remaining 3 yrs useful life on a straight line, hence the depn charge now becomes 4k per annum (12/3) as against 2k per annum( original depn charge before revaluation.
Since the revaluation amount of 6k has now been taken to reserve, so the excess charge over the usual depn of 2k will go against reserve that enjoys the benefit of the increase in asset value.
therefore only 2k of the new depn charge goes against income statement with the excess going agaist reserve. hence the answer Dr Reserve, Credit R/E.
with 2k excess of the depn charges.
I hope u understand, feel free to contact me if still confused

[temi]

just an addition, another way to look at it is 12/18 months X 90% X3m

[temi]

Hi Lizzie, Of a truth, It can be confusing but i will take you through it.
The best way to understand it is to prepare two column, one for historic cost as though the asset is never revalued and one for revalued cost as below

PPE HCost Revaln Revaln Res
20×6 cost 10000 10000
20×8 acc depn (4000) (4000)
CV 6000 6000
Revaluation 12000 6000
Depn (2000) 12/3 (4000) (2000)Excess depn
Since the revaluation was credited to Rev Reserve, subsequent depn will not be charged completely to i/s since part of the gain on the increase is in reserve, so RR will be debited with 2k and credited to Retained Earning.

Sorry, i couldnt get it to align but i hope u can make some sense out of it, otherwise let me know

[temi]

71%.All glory be unto God. it was by his grace alone this was possible

[temi]

58%, 1st attempt, all glory to God

[temi]

In my Opinion, An amendment is only made to adjusting even if the effect is material

[temi]

provide link to the question pls

[temi]

Any time the qs says current price term, u apply inflation from year one

[temi]

hi Tina,
Could you please provide me with a link to the old syllabus question ?. I am unable to locate questions earlier than 2007 on the acca website

thanks

[temi]

CAN you pls provide the link to the old syllabus question as i’m unable to locate question earlier than 2007 on acca website

[temi]

hi ansi, i’m still not able to connect to chat room, any suggestion?

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hi sue,
have now been able to connect to chat room . i’m having same problems and have also recently changed internet provider, could that be the probs?

[temi]

Hi According to BPP tutor,
Audit report can be either unmodified unqualified or modified report.
– Unmodified and Unqualified (Clean audit report)- true ad fair
-Modified- this can then be broken down to -Unqualified and qualified.
Modified unqualified (MU)- still saying true and fair but there is emphasis of matter(if any material uncertainty exist though accounted for and disclosed appropriately) or Other matter paragraph(if inconsistencies in other information outside audit scope) after the Opinion. What MU is basically saying is, the statement is true and fair but pls look critically into the paragraph below before taking a decision.
Modified and qualified opinion(“except for”) is when there is a material mistatement or there is insufficient or inappropriate evidence and the effect is only material but not pervasive(that is it only relate to one disclosure/acct policy/double entry) . Where its material and pervasive, then its either a modified adverse report (for material misstatement) or ” disclaimer of opinion” i.e can not say if true and fair(for insufficient /inappropriate evidence).

I hope this helps

[temi]

thats fine, tnx

[temi]

Hi Ansi,
session today, was at the chatroom last week around 7pm but seems u’d left then. was there any on saturday or do i assume if any today , it will be ias 7
tnx

[Author]

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