[uid0191]

love the paper today

[uid0191]

@aam2009 said:
Argh, my image didn’t upload. Let’s try this again:

F5 payoff table

optimal quantity to produce at 280000 for the final answer?

[uid0191]

@sunn said:
hey how was it? what was examined?

Q1 Maximax Maximin Expected Values
Q2 Economic Theory Of Pricing + Learning Curve
Q3 Flexed Budget + Sales Quantity/Contribution Variance(discuss)
Q4 Balance Scorecard + ROI/RI (analyse, discuss)
Q5 Throughput accounting

[uid0191]

@muzna88 said:
Alancong
will u tell me how growth was calculated n what was the growth in Q2

they gave you div for past 5 years…use 0.20(1+g)^4=0.28 and solve g…

numbers i couldnt recall though

[uid0191]

@alancong said:
about wc, if not mention not taking back at the end of the period, it normally assume take back at year end. but if the project cash flow is perpetuity, it should not take back at year 4 ,i think. i did not sit the exam, i just based on all of your discussion.

yes this was a diff scenario from pass yr papers…
they specified that directors thought of continuing hence i did not take back

[uid0191]

@avinashbhatia said:
incremental w.c was
in year 1:22
2:23
3:23.5
4:750

is this right ?

i thought 750 should be in year 0?

[uid0191]

didnt do well for my theories:(
hope for 50%!

[uid0191]

Q3 was not fun at all…:(

Q1 confirmation of receivables for 8 marks? is it a gift or there is more to write?

[uid0191]

@onlysarwar said:
Q 5…….Wasnt it is IAS 37?? Valid Expectation in mind of those affected??

IAS 37 is in the adjustments of a plant in Q2…
Q5 is Discontinued operations/Held for assets/ Events after reporting period

[uid0191]

@biruoshen said:
uid0191,what’s the result did you got for the Q1.Is it 63500.? i can not remeber clearly now

i only balanced my q2 lolz…
should be some careless mistakes in q1 i think,
but yes i remembered my numbers are very close…
near 60000+:D

[uid0191]

@kmchugh said:
fair paper, time mgt was the main thing but couldnt ask for a nicer paper really, thank SS

very similar to dec 08 paper i think,
those who have practiced that paper should do well

[uid0191]

@raheel_xtreme said:
what questions came up???

qn1 consol soci and sfp
qn2 soci,soce,sfp
qn3 ratios and interpretations
qn4 IAS8, IAS2
qn5 IFRS5, IAS10

[uid0191]

did anyone get 150200 for qn2?:D

[uid0191]

took singapore variant…
at least i can guarantee a definite pass for this paper compared to the shock in F6 🙁

[uid0191]

Everything can be calculated…
just short of the way to dep remaining assets after disposal~

[uid0191]

To ensure faithful representation and reliability of financial statements, is it better to unwind the value over 15 years? (i.e. usage of present value)
PV= FV X 1/(1+r)^n
where n=no of years, r= discount rate
in this way it will satisfy the matching concept in spliting the value to the relevant years.
This is what i will do if i encounter qns like this, not sure if it is the correct treatment…unwinding is under FRS 32

[uid0191]

oh well i cant find the way to dep the other plants…frm 2010-2011,
is there any additional info regarding this issue or is there other ways to solve it?

[uid0191]

Ur first step is to do part 1 and 2 first (PPE) by using IAS 16, cal the profit/loss on disposal, take note of the dates! dep them accordingly…

Then u cal the govt grant, the b/f figure will be gov grant under current liabilities,
from then on find figures that will be charged to SOCI and SFP…

[uid0191]

70…a disappointment again

[uid0191]

71… wat a disappointment
careless mistakes everywhere i guess

[uid0191]

54… i guess i need to work on my language…

[uid0191]

IAS 40 is held for rental income or capital gains and must be rented to unrelated parties… normally the “fair value model” should be used in accounting for IAS 40,
unlike IAS 16, no RR and depn is used in a fair value model, but remember, always charge fair value gain or loss into SOCI under “other income”.

The cost model should be tested under IAS 16 but not IAS 40,
this is what i know abt this IAS, anyone correct me if i am wrong thx

[uid0191]

thx for the suggestion…
but i think i should stick on to the 3 subjects and score high for them since i am alr on track~
will consider 4 in jun 11
not sure if i can take f5, f8, f9, p3 nxt sitting?

[uid0191]

Anyway exams are all over! taking a break b4 going for F4,F6,F7 🙂

[uid0191]

crap…a lot of uncertain answers~
such a big diff compared to F2 and F3…

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