[xxnabilaxx]

In hindsight I could’ve mentioned

– segmental reporting
-FX risks
– opening in new parts of the world

Good chance will be failing an exam the first time ..

xxnabilaxx wrote:Same here , normally I can identify 10-15 fairly easily. For 25 marks such a disappointment.

[xxnabilaxx]

Same here , normally I can identify 10-15 fairly easily. For 25 marks such a disappointment.

I think I had about 6 too. Not much from analytical review either. (not significant)

Intangibles – impairment

PPE – impairments

Management bias – falling share prices

Possible provision – as 80 stores in the process of review. As well as risk of redundancy payment not being paid at YE hence need for liability recognition

Operation/Non-current asset being held for sale. Management were secretive.

Control risk – payroll , indicating wider issues

[xxnabilaxx]

This paper was so strange … very different compared to the ones from past.

The materiality question (7 marks) – I’ve given the standard percentages but found it harder to justify. Like I mentioned there should be a broad range across different FS and that the industry has low margin so should be lower but I couldn’t say more ?

Anyone with a strong answer on that?

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