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Q3: I multiplied for the forward rates, and divide for the futures and options. Can anyone confirm we sell futures?
Thanks John,
Sorry for my error, my question is why is Pe (the capital investment required) $35m. It was stated in the question that MMC will spend $7m at the start of each of the next two years to develop the game, and $35m for the production. So why is the Pe not 35m + 7m +7m instead? Thank you!
See you p4 in June 2015… I honestly felt i was prepared enough???? But i didnt know how to do question 1 at all… Stuck for 30mins thinking and moved on… and i wondered why am i even wasting 3 hours of my time doing a paper which i would surely fail……
Thank you John. Your explanation has made it much clearer for my understanding!
My humble opinion is that it is only reliable up to about 50% and besides even knowing what comes out doesnt necessarily mean you can do the question. The exam tips are only good when you have “missed out” certain topics. My advice is continue to work hard. You still have about 3 weeks before the exams. Good luck.
Guys.. Please read the instructions on the Exam Docket. I believe it should be out by now and all the rules and regulations are stated clearly in it.
Anyway.. Should you require more information on the transitional arrangements you can visit the link I have provided for you.. All the best!
Glad to see the tips out! Yes now to wait for the consolidated tips by the various tuition providers!!! 😀 Good luck everyone for your exams!
Really depends on how “successful” SQP will be. And how other countries will recognize SQP. Currently still too much uncertainties as its still under the transition phase. Only time will tell I feel. But if you intend to stay in Singapore and work, I would say go for SQP. Even NTU/NUS accounting students may have to take SQP in future.
@ James good to see u have the same answer as mine.
I had a goodwill of 12. Goodwill was impaired in prior year by 20%. Reversal of goodwill is disallowed under FRS 36
https://www.iasplus.com/en/standards/ias/ias36 states “Reversal of an impairment loss for goodwill is prohibited. [IAS 36.124]”
Therefore there is no adjustment for the current year and goodwill is 12
That’s my answer for goodwill
Honestly i felt that the paper was quite manageable. It is very similar to the Ashanti question in Jul 2010. It had disposal in it as well. the 8% disposal was a transaction between equity holders and should be accounted for in OCI, and the disposal (control lost) would be accounted for in the P/L
For Lidan, I accounted the norminal value of $1 as a debt, as you have a choice to redeem at norminal or for the share’s. Thus as the shares has always been above $5, the option to choose the share will be likely, therefore I choose to write that the difference will be treated as an option to convert to equity