[wasiq8989]

@wfengyi said:
1a) -Purchase consideration for Thyme should be discounted for 3 years right?
-FV NCI of Basil is somewhere around 37m. Got the price per share according to the PE ratio given and then reduce it by 25%.
-Goodwill impairment of 10, split between parent and NCI.
-Joint operation but forgot how to deal with the cash contribution. Added 50% share of NCA, CA and CL to the SOFP. Share of losses taken to RE too.
-Overall net assets of group decreased. I got 1.7m only for RE :/
-Provision for restructuring 4m. This is wrong, I forgot the onerous contracts.

-Sale and leaseback as operating lease. Gave an additional gain of 3m because CA is 15 while FV is 12 and sale proceeds is 20.

1b) Left it blank.

1c) Simply wrote what i can about integrity and professional behaviour.

2a) Talked a bit about IAS 21 on translating retail outlet and loan at spot rate at spot rate, depreciation and finance cost for 6 months(or 5 i don’t remember) at average rate, retranslate them at closing rate. Retail outlet has an exchange loss on retranslation while loan has exchange gain. Exchange gain and loss taken to profit or loss. Don’t remember imparing anything as i thought the CA of loan/retail outlet is lower than RA.

2b) Tough for me. Got a goodwill of 2m and provided DTL for it. Didn’t bother completing the other stuff.

2c) Simply do not understand what the question is asking for.

3a) Talked only about the second option. Touched on disclosing the second option as contingent liability as cost cannot be reliably estimated. Then about adjusting event too.

3b) Just churned out what I remember for IFRS 5. Said the reasons for entity to not recognise NCAHFS is invalid.

3c) Question talked about investment property at cost model and capitalizing tax expense. I didn’t write anything related to the IAS, just said the tax expense shouldn’t be capitalized.

Overall a tough paper for me. 🙁

Amanda you nailed it. i got impairment of 10 . yayyy … gave FV of nci 39.. yayyyy … high five .. and in section b i did what u exactly did.. 🙂 chill

[wasiq8989]

@tinaboy said:
really?good for you.I found Basil`s NCI weird .I t was a full good will .Pepper had assesed the fv based on P/E ratio which would need to fall by 25% in order to make inmarketable shares on Basil marketable.the earnins were given.was it supposedto be calculated via business valuations (0.75 * 20)=p/e then * 40% in order to get NCI @ FV??

I alsolost it on restructuring.Instead I found IFRSs fair an exact opposite of you

you nailed it tina.. i did exactly what you did.. I took 6.5 of basil profit then i did as follow : 6.5x20x75%x40% is equal to 39.. raise your hand if you got the same amount FV of NCI 🙂 high five

[wasiq8989]

Hello
Did anyone got Total profit of $4710 for years 0 , 1 , 2 in life cycle ?

I got 39 to 40 % ROI .. Please come up with ur answer
thnks

[wasiq8989]

Hello ,
Please please please can anybody tell me about remaining lectures of P2 from ch 17 to 32. As u can see they are not available at opentuition.. What does that mean ? 🙁

[wasiq8989]

Hello Sir ,
I have asked you about remaining lectures of P2 from Ch 17 to 32 .. From where i can listen to those lectures .. they are not available this time.
Thanks

[wasiq8989]

Yes Christine you nailed it .. I did same as u did 🙂 High five 🙂

[wasiq8989]

miss marium i have provided an email for those who want mock.. see above

[wasiq8989]

Hello sir ,
I will be very thankful to you if you can tell me the due date of payment for the following :

1: Corporation Tax
2: Capital Gain Tax
3: Income Tax
please help … Thanks 🙂

[wasiq8989]

yes i have f6 mock for march 2016 Uk variant .. if u need then email me at ranawasiq91@gmail.com

[wasiq8989]

Hi everybody ..

Studied F4 from BPP for just 5 days and scrapped with 55 % 🙂 .. Kinda Happy..

God Blessed 🙂

[wasiq8989]

hi sir, can i use the lectures of f6 that is available now at your site for march 2016 attempt or there are any changes ?

[wasiq8989]

a
a
d
b
a
a
b
d
b
b
a
a
d
d
d
d
b
c
b
b
got these answers of mcq f5.. worst paper ever

[wasiq8989]

very bad buddies if u couldn’t find INTIMIDATION THREAT in ethic question 😀

[wasiq8989]

Please can anybody tell me what topic was examined in sep2015 attempt for f8 and f5 .. please i just want an idea about the topics please i am requesting to those student who appeared for this attempt .. please… thanks

[wasiq8989]

HI ,, can u tell me what topics were examined in f5 sep2015 attempt? i will sit for dec2015 so i want to get some idea about the main topics the examiner covered .. plz guide me thanks in advance

[wasiq8989]

Hi , kindly can anybody tell me what topics were examined in paper f8 sep2015 attempt . I will be very thankful to all of you if u can guide me a little bit because sitting in dec2015 attempt.. thanks in advance

[Author]

Posts