[thefutureaccountant]

@marianagaspar: I like your formula sheet! 🙂 Do you have one about spreadsheet?

[thefutureaccountant]

@marianagaspar: Great. Happy to revise on my own. I am planning to sit MA1 in April.

[thefutureaccountant]

@dilawarkhandk: What about you?

[thefutureaccountant]

@dilawarkhandk : I got 70+. 🙂

[thefutureaccountant]

@dilawarkhandk : Is it OK to connect with you on Whatsapp so I can ask you questions regarding MA1 Study Guide?

[thefutureaccountant]

@ishyaka26 : When are you sitting MA1 exam? 🙂

[thefutureaccountant]

@secondstar: I have added you on Whatsapp.

[thefutureaccountant]

@secondstar: Wow, thanks for the explanation! 🙂

@secondstar: Are you on WhatsApp or FB? I would like to connect with you. 🙂

[thefutureaccountant]

@adilmunir: Congrats! I am happy for you. 🙂

[thefutureaccountant]

@KenGarrett: Oh ok !:)

[thefutureaccountant]

Thanks for your input!

[thefutureaccountant]

Why don’t you send an enquiry to ACCA? You can email them or have a chat with one of their representative.

[thefutureaccountant]

@ Ken Garrett: Thanks for your reply. However, on how to calculate the overtime premium that could be associated with the extra units, I don’t know why it wasn’t simply calculated as:
15 x $7 x 1/2.
In the solution, 1/3 was included in the calculation.I know it is the duration expected to take for each unit, but then it wasn’t included in the question prompt… So why add it later? 🙂

[thefutureaccountant]

I know this is an old thread, but I am still going to answer it, just in case somebody might have a similar question.

The question ask: ” How much is Wilson’s take home pay in June”?
When asked this type of question it is the same as: What is the net pay?

Net pay= Gross pay + Bonus- Income tax- State benefits contributions -other deductions
Therefore answer would be: 2000 (Basic salary)+ 100 (June Bonus)- 350 (Income tax salary)- 180 (State benefit contributions)= 1,570
(Here there are no other deductions).
Note that employer’s state benefits contributions are not part of the deductions from the employee’s gross pay. But, it is an expense to the employer. Hence, the answer is D($1,570) and not B ($1,360).

[thefutureaccountant]

@Nabeel and @KenGarrett: Now, I see where I got wrong. Thanks for your replies. Much appreciated.

[thefutureaccountant]

What is the exact answer? Can you, please, explain to me step by step?

[thefutureaccountant]

@Ken Garrett: Alright. Thanks for your answer!

[thefutureaccountant]

I made a mistake for the bank amount. Correct amount is
79, 500.
The rest of the question is posted correctly.

[thefutureaccountant]

Hi there, if you want to stay focused avoid any distraction, such as surfing the Web, checking your phone every 5 minutes…. Why not go offline when you are studying? If you have already design a study plan for your exam then stick to the goal you set…

There should be a study guide and a syllabus for MA2 on ACCA’s website.

[thefutureaccountant]

Thank you!

[thefutureaccountant]

Hi, it’s OK I have just found the answer!:) The answer is in the cash book page 71…

[thefutureaccountant]

Ken Garrett: Thank you so much for the reply.

[thefutureaccountant]

Hey Aaliyah, why don’t you join me on Skype and WhatsApp? 🙂

I am based in Ghana.

[thefutureaccountant]

Hi there, I also need a study buddy. Do you mind studying with someone based in Ghana? I asked this because of the time difference.

[thefutureaccountant]

Hi there, I started ACCA some days ago, I am also looking for a study buddy. Where are you based? I am in Ghana.

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