I was doing a question where it was asking for me to identify & expelling the implications of the acquisition of the new company. The areas that I focused on were its year end, its location (incase it was a foreign co), whether the auditor was familiar with its manufacturing process, how its goodwill was calculated (as no DCF was used). I noticed that in the answer there was loads more. Is there a standard answer that could be used for questions like this for they seem to come up quite frequently but I cannot understand how they can go to the lengths to get such an answer!
Ask the Tutor ACCA AAA
A Group purchasing a new Co during the year
11y ago#1How many times have I said live and on this site "Do not even BEGIN to imagine that you can achieve the lengths and depths of the printed solutions
It's impossible ..... so give that idea up straight away
Yes that's fine so the points that I made would you say that they were legitimate?
11y ago#3Seems like it to me BUT it all depends on the marks available. If it's a 10 mark part question, you should really be looking for 10 different, correct, relevant, markable points
Your post mentions only 4 points. In a 10 mark question, that's a fail :-(
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