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Those that did a paper exam – were you required to calculate and write down any exact numbers as your answer in Section A and B.
Or were they all simply multiple choice ?
@msarosh said:
If only they had given this paper for September attempt >.>at least someone feels confident.
The question where you had to state if it was an adjusting or non adjusting event for 4 options..,were they all adjusting events?
@S4K1B I felt it was easier than the September paper. Or maybe it was ’cause i studied quite alot this time and not enough last time
@khadija
HIGH 5! Same here.High 5, although I have a feeling that’s not a good thing… T.T
All multiple choice. I did computer based for F5 and had to type a number for any calculations which I think is unfair in comparison so picked paper based for F7 this time.
I was happy with Q31 but ran out of time when starting part c of Q32. I wasted too much time on MCQ’s, they were hard. I got a lot of C’s too
I got that too, hope we were right 🙂
I was very surprised calculating goodwill was worth 7 marks!I can’t remember the final figure for goodwill,
It was something like;
Shares = 15000 x 60% x 3/5 x $7 =37800
Def Consideration =15000 x 60% x (Insert figure!?) ANYONE REMEMBER WHAT THIS WAS?
NCI FV = 15000 x 40% x $2 = 12000Less Net assets = 43800
SC = 15000
RE = 23000 + 1600 = 24600
FV PPE = 4000
FV Inventory = 200Our friend @joewallace35 also got a lot of C’s so yeah, chances of this being a good thing are brighter 😛
All Multiple Choice. 30 questions, in 2 sections. Just like the specimen paper.
Less time wasting to write legibly at high speed.@andyt said:
I can’t remember the final figure for goodwill,It was something like;
Shares = 15000 x 60% x 3/5 x $7 =37800
Def Consideration =15000 x 60% x (Insert figure!?) ANYONE REMEMBER WHAT THIS WAS?
NCI FV = 15000 x 40% x $2 = 12000Less Net assets = 43800
SC = 15000
RE = 23000 + 1600 = 24600
FV PPE = 4000
FV Inventory = 200i think def consideration was 9000 x 1.62/1.08 =13500
I had a lot of C’s and a fair few B’s.
Can anyone remember their answers for 31? I think I had goodwill at £19,100 and my profit in part b at £23,100 – anyone get the same figures?
@khadija yeah you’re right there. But did we have to include the FV increase in inventory?
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