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what did everyone put regarding the EoM question?
for materiality i based it on external sales as internal sales should net to 0 in the group i put but could be wrong
yeah i also removed the head office costs but left them in for residual income which i’m unsure is correct
yeah i was confused on the question that mentioned it went from 7% to 15% bonus etc. i started just trying to list issues with the new bonus structure being more performance related e.g performance for managers in less busier locations would be less motivated due to it being more difficult to achieve positive performances and therefore their reward but probably wrong
thought the internal benchmarking was alright there was a few bits to say about that with them having different plant conditions etc.
didn’t think the ZBB and kaizen were too bad either
stuffed with the question that asked to calc a standard cost per unit what did you do for that? i ended up adding 40 for the PPC for the unit cost per unit adding to 230 whereas the target cost was 80% of 200 selling price due to the 20% margin
anyone get the exam that had the bits with ROI and RI and also the bits with the taxi firm?
what did you put sameera for:
work with the component auditor
work on the acquisition of subthings to tell TCWG
EoM paragraphthe deficiencies and improvements of the acceptance process
do you remember any of your answers for Q1 i want to see if any are similar to what i had?
ah yeah for me i interpreted that it was a developer only and wasn’t someone ready to actually action the processes to return outputs but yeah not sure who is right most likely not me haha!
i said an asset acquisition as didn’t meet the definition of a business as it needs inputs processes and outputs but could be wrong!
for that one the way i looked at it was you had to work out how to account if maintained control (keep sub) (reduce goodwill and increase NCI??)
and then the same but if lost control so that’s when i mentioned about derecognising a sub and instead an investment in associate using equity method but again could be wrong
what did you do?
i think the 10 years limit for intangibles life related to UKGAAP which wasn’t attributable to the SBR international version but tell me if i’m wrong haha!
for revenue i mentioned that it needed to be recognised over the life of the contract and that it can’t be a lease as control hadnt passed over as they had to authorise any advertising but probably wrong
i mentioned it can be indefinite life if no foreseeable period but needs to be tested for impairment – also i think they were using value in use as the recoverable amount but that may have been unreliable due to the future cashflow being hard to measure with it being indefinite but wondering if any of that is right or just waffle to be honest
can anyone explain what they did on the question where there was 3 assets with reducing balance depreciation and mid year additions and disposals?
Think it was just asking with the cost model to depreciate it as the revaluation model wouldn’t have done that this would have affected the nca, depreciation in operating expenses and equity with the revaluation surplus although I feel like I did it wrong
Who picked lime as the best sub? I know they had worse profit but looked more stable, anyone else think so or have I got that wrong? Haha
Robby.Jnr wrote:@tomstrong98
Hey I got the same questions as yours. Yeah that payout table was very confusing. It almost took away my morale because I had spent so much time on sections A and BHey mate, yeah I was doing that a lot too I kind of rushed section B so I’ll be very surprised if I did well on that section haha! I think there was some sort of decision tree to do in section A but I had no idea. Did you see that one?
@brushydragon yeah I think I basically did that I put the full production lines at the top which were 2000,3000,4000 and then the 1600 etc on the side and calculated the contributions taking into account that 20% wouldn’t be sold. Then I did a separate table for values taking into account the probabilities as it asked for the production based on expected values. I ended up choosing 1600 I think but I’m not sure how that added to 12 marks I’m assuming I missed a lot of steps.
The balanced score card was okay. Luckily I revised the perspectives of innovation, financial, internal and customer. I don’t think I explained them very well so the 4 mark one might have been poor but I think I put in a few decent examples on the 16 marker.
I’m expecting a fail to be honest but we’ll see haha!
@brushydragon do you remember what level of output you did for the payoff table question?