[whathaveidone]

<cite>@ektishaf said:</cite>
Sangria9, I think u may be wrong, since investing later has an effect on the sharing ration, i hope the new sharing ration would be 50:30:10 and the (9000 – 5000) = 4000 must be distributed as a loss between them at sharing ration. All partners are fully liable under PA 1980 remember this

It was a loan of £1000 not additional investment … so I think this has to be repaid before any losses/profits are paid back according to the original Profit Sharing Ratio

[whathaveidone]

Thanks… I did not have the revision kit – will have to purchase them from now on as this was my last F exam. and I’m going to need all the help I can get doing the P exams …assuming I can scrape through this one 🙁

[whathaveidone]

<cite>@yaserrasa said:</cite>
Hey there,
Read my reply to Sangria. I think it helps you out.

Thanks… I think this is how I interpreted it… no limitation of liability for any of the partners – so Jo does have to pay an additional £500 to settle the outstanding debts of the partnership (as well as her £1000 capital).

To be honest, I thought about this one for ages and then decided to go this way because the figures worked out easier (didn’t think the examiner would use an example with odd amounts).

[whathaveidone]

I did the same as you Sangria £3000, £1500 and £500 but havent got a clue if it is right

I think that was quite tricky 🙁

[whathaveidone]

I really appreciate these lectures… I too have F4 on Monday ( my birthday!!)…and have relied solely on these lectures – love the lecturer’s style… I can remember all the funny things he says….I sit at work doing long reconciliations with my headphones in listening to them. I hope they are available again before the exam but wanted to thank you all for providing them anyway.

[whathaveidone]

Its ok now……… thanks

[whathaveidone]

me too for F4….. it was alright a couple of hours ago??

[whathaveidone]

Phew.. 51%…. I thought Id done a lot better than that…. still a pass is a pass………………

[whathaveidone]

I too spent longer than I wanted to on question 1 but managed to finish all the paper…. It’s hard not to.. you get more marks for this question and you spend more time on it and consequently you get a better understanding of the scenario… so are more able to mop up good marks here. I don’t know what the examiners hope to achieve by applying such time pressures – it is not really representative of real world. My writing was awful because I was rushing so much…. who does that much writing these days?!

[whathaveidone]

Go for it danielacca… i’m 51 and sat F8 today… just have F4 to do then will have a crack at the P papers…. don’t know how I’ll get on but I will never know unless I try! There seemed to be a wide variety of ages in the exam hall today so don’t be put off. You’ll have to keep us posted on how you are getting on. Good luck

[whathaveidone]

I think i went a bit off track for question 5… i calculated receivables days as 77 days then working backwards stated that if receivables were the expected 30 days then receivables would be 1.4 m not the 3.4 stated…..so receivables potentially materially mistated…. did notice that noone around me was using their calculators though 🙁

[whathaveidone]

Not entirely sure (and I have been trying to work out what this means myself) …. but I think it means something like – if your sample size is say 100 invoices and you found errors in 20 of them (20% were wrong)……… if total population is 2000 invoices there is a possibility that 400 contain errors….. if I am not correct can someone please explain.

[whathaveidone]

thanks … that makes a lot of sense… i have been really struggling to find out the difference

[whathaveidone]

Passed with 66%…….. really pleased

[whathaveidone]

Have there been any changes to the syllabus for the June exam sitting…… i want to know if the BPP 2011 book is ok to purchase?

[whathaveidone]

are we allowed to discuss content??

[whathaveidone]

not too bad…. actually finished in the time for a change….

[whathaveidone]

55…..thanks to the OT tutorials.

[whathaveidone]

I put working capital as (750k) in year 0; did not recover it in year 4; but i thought there was a requirement for an annual incremental increase of an extra (think it was 3%),,, so i had an outflow in year 1 of the extra 3% , etc, etc,

for the bond in the WACC question .. didnt they give us the after tax cost of debt?

Question 3 was a complete nightmare.. so much information!!!… didnt know what ratios to calculate… think i really blew this question….

[whathaveidone]

phew!! 50%…. really thought i’d failed this one?? ………
(but passed F5 with a lower % than i had expected??)… cant compain though 🙂

[whathaveidone]

passed .. but only 53%.. thought i’d done well in ths ??… mind you passed F7 !! which i thougth was a disaster… maybe they added some of my F5 marks to my F7??!! 🙂

[whathaveidone]

I want to see my results before i decide whether to continue or not … so do not want to pay out more money just yet….. can i pay subs later??

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