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have never seen a section B like this ever before…!!!
2 exchange rate in a same country where in the world do wee have this ..?
section B was a disaster
i wasnt able to calculate gearing for
ifrs 16 i just wrote gearing would likely to increasewat were the answer for VAT mtqs
inwhich we cant claim input tax..? was it 1300..?@dicky123 said:
Hi all, I found the exam ok on the face of it but there were traps everywhere.
The q about deemed occupation I can’t remember the options but i put A. It said he couldn’t return to the house by reason of his employment, so even though he didn’t physically return it is still classed as deemed occupation, it’s one of those techy rules.
The iht one about skipping a generation – I put that first but then changed it to “reduces inheritance tax payable”. The q said what advantage would there be giving it as a lifetime gift rather than death estate. The skipping generation answer applies to both, but I think the q was about taper relief and the fact that there is a reduction to the iht payable giving the gift during her lifetime which would not be the case for death estate.
The employer made pension contributions since 2009 so she was part of a scheme. Employer contributions count towards the annual allowance. I made it that the Allowance in 16/17 was tapered to £10k the c/f was £20k, cos can c/f 3 years.
Accrued income : 4/12x (3%x 250,000)
Agreed the 1st question was a giveaway – A indirect tax.
I found the 2 15 mark questions ok but hated the 10 mark one. I forgot the annual exemption in the rollover relief question about how much capital gains tax he saves by claiming rollover relief.
Hope we’ve all done enough to get to
50!i did exactly the same in all ques..!! hope we pass..!! section B was too tricky for me
the four ratio i calculated were current ratio ; quick ratio; operating profit margin and gross profit …
i didnt use the ratios to identify the risk.the scenario data was enough to identify the risk..!!
i m not sure whether i m right or wrong
did any one else did the same..?@fashola94 said:
For agriculture I chose 57,000
For provision, I marked probable, present obligation, reliably estimated.i choose that option aswell it was option (c) I think
@fashola94 said:
Hi
Got 7000 for my goodwill..
32,000 shares consideration
15,000 for loan note
9000 for nci
Fv adj 4000
Shares 20000
Retainee earnings cant rememberi got goodwill of 7000 aswell
@manishjuddoo said:
cant quite remember..i did a cash budget and listed all the cash movements and the added it to overdraft at start of jan 20×7.. don’t know if that is correct or could have been simplified by using the cash operating cycle
i did exactly the same
i found mcqs too tricky there were hardly 3 to 4 mcq on calculation in section A rest was all theory…!! and tooo many mcq from currency and interest rate risk…:(
did anyone found the same..?@manishjuddoo said:
yeah got the same…if the 2nd current ratio is correct,it means that the change in overdraft also need to be correct..cant remember the figure..
around $ 475 K ?
dont exactly remember but i added the change(the change was 61500 i think) which i calculated in part b to given overdraft what was the value given in the question of overdraft..?
@harshil said:
Yes I got 2.1 and 1.9 for current ratio, I also calculate quick ratio for that question however i don’t think it was necessaryi got 2 and 1.9 aswell
@pinkyjovin123 said:
In 32 Q.Critically discuss the risk in invst appraisal method.i wrote sensitivity analysis
profitabilty index
and risk adjusted discount rate i.e capm wat were urs..?@pinkyjovin123 said:
I think for 1..Executive remuneration..because first option was separation of ownership and control provide conflicts instead of prevent..What about Limitations of valuation??Is it 2 and 3…
i think it was all 3 i m not sure either
wat about that wacc ques i choose 16 aswellwat was the ans of these mcqs
1.. corporate governance mcq 1st one
3.. mcq of interest rate with interest yield upward sloping@fashola94 said:
For agriculture I chose 57,000
For provision, I marked probable, present obligation, reliably estimated.i choose that option aswell it was option (c) I think
