Forum Replies Created
- Posts
I got the variance calculations, one on shadow pricing of the 2 products and can’t remember the last one
Ah not good for the budget I just divided by 2 for it all in the flexed except for the things that they mentioned. That is causing a resit because that’s going to be like 8 marks dropped
I got 1.8 as the factory costs was for all 3 so needed to divide that by 3 and then take it as normal not sure that is right though
I thought the columns for the budget needed to be budget divided by 2 as it’s for 6 months. Flexing the budget as per what the mentioned in the question, actuals and the difference between flexed and actual
I took everything the same as the old budget divided by 2 and only changed the ones that they mentioned
I took it as the non financial performance objectives and the fact the equipment was old in one depot, size of departments and the manager being in control of revenue costs and volume was my 4
Exam was really tough though what did people get for the section B answer for variances?
ROI was operating profit/(current assets + non current assets – current liabilities). RI was final profit – (non current assets + current assets – current liabilities)*0.08
Section A and Section B was really tough but section C wasn’t too bad. Hoping for a pass but expecting a retake in December
Another attempt another fail don’t know what to do at this point, any suggestions?
I put 7.840 Million but could be wrong. My reasoning was (15-16)*20000 + (19.2*50000) which gets the 7.840 million
Then the capitalisation in section B did people put the loan and extension on property?
Seemed like the multiple choice had limited areas like depreciation/PUP/Subsidiary. Do people remember what they got for section A multiple choice questions?
I got the SOFP and the Plate group/Skimmed question. Just hope i have done enough to pass!
Why was the multiple choice feel a lot harder, seemed lots of questions asked to select 2 answers
Yeah i think it should be 2 and 3 as these are ones which could lead to self review threats but could be 1 and 3 as well
Yeah i thought the same but then i used the opposite argument that the marketing director could not become chair of the board due to conflict of interest in the corporate governance so who knows
MCQ seemed harder than usual in comparison to the past papers. Substantive procedures was a lot hope my answers was related to the question enough! Controls on corporate governance and reliance for auditors was a bit harder. Laws and regulations for management and auditors was difficult! Rest was as per practice questions in past papers so hopefully done enough to pass and move onto the next one