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*** ACCA F7 December 2017 Exam was.. Instant Poll and comments ***

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › *** ACCA F7 December 2017 Exam was.. Instant Poll and comments ***

  • This topic has 83 replies, 35 voices, and was last updated 7 years ago by kumboo.
Viewing 25 posts - 51 through 75 (of 84 total)
← 1 2 3 4 →
  • Author
    Posts
  • December 6, 2017 at 4:34 pm #421120
    mehdi2015
    Participant
    • Topics: 0
    • Replies: 17
    • ☆

    Yah in 32.. thats correct

    December 6, 2017 at 5:09 pm #421150
    colmjulian
    Member
    • Topics: 3
    • Replies: 64
    • ☆☆

    EUR 43,400 was the revenue on the split product / service thing; correct ??

    Does Comparibility need Uniformity ?

    December 6, 2017 at 5:43 pm #421179
    simonabele
    Participant
    • Topics: 0
    • Replies: 12
    • ☆

    No, in comparability is no need for uniformity

    December 6, 2017 at 6:13 pm #421196
    kumboo
    Member
    • Topics: 0
    • Replies: 26
    • ☆

    @simonabele said:
    No, in comparability is no need for uniformity

    So the first statement only was correct?

    December 6, 2017 at 6:14 pm #421197
    kumboo
    Member
    • Topics: 0
    • Replies: 26
    • ☆

    @mehdi2015 said:
    -Was the equity component in mcq 0.386?
    -And was the carrying amount after depreciation and revaluation 11,000 in one of those mcqs?
    -And gearing ration is for examining bla bla?
    -And was the finance cost of preference shares 0.15?

    All same!

    December 6, 2017 at 7:08 pm #421247
    simonabele
    Participant
    • Topics: 0
    • Replies: 12
    • ☆

    Yes

    December 6, 2017 at 7:09 pm #421249
    simonabele
    Participant
    • Topics: 0
    • Replies: 12
    • ☆

    @kumboo said:
    So the first statement only was correct?

    YES

    December 6, 2017 at 7:18 pm #421255
    simonabele
    Participant
    • Topics: 0
    • Replies: 12
    • ☆

    Who remembers the question with the goodwill 20 000 and a 5000$ asset?
    the answers:

    a) 20000
    b)21000
    c)17000
    d)20800

    December 6, 2017 at 8:07 pm #421276
    mehdi2015
    Participant
    • Topics: 0
    • Replies: 17
    • ☆

    And was the goodwill in mcq? 410,000 ..
    950-540(340+200)

    In the ratios.. what was the big problem of roshan.co compared to the industrial average? The inventory days and payable days?

    December 6, 2017 at 8:49 pm #421288
    mehdi2015
    Participant
    • Topics: 0
    • Replies: 17
    • ☆

    The impairment question of mcq had an answer of 175 or 75 smefn?

    December 6, 2017 at 9:25 pm #421299
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 8
    • ☆

    Multiple choice I think I was
    B
    A
    B
    C
    D
    D
    A
    A
    Then can’t remember?!

    December 6, 2017 at 11:45 pm #421358
    colmjulian
    Member
    • Topics: 3
    • Replies: 64
    • ☆☆

    how can you be so sure that conformity does not need uniformity ?
    to compare two things, there needs to be a level playing field, no ?

    December 7, 2017 at 1:58 am #421364
    kumboo
    Member
    • Topics: 0
    • Replies: 26
    • ☆

    @colmjulian said:
    how can you be so sure that conformity does not need uniformity ?
    to compare two things, there needs to be a level playing field, no ?

    But comparability and consistency are not the same.

    December 7, 2017 at 3:44 am #421370
    fatmashu
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    I found MCQs were tricky specially in section A. I managed time nicely & I had 1+ hour left to solve the ratios question.

    Thanks God that I’ve attempted Dec16 specimen exam on night before exam, section C questions were almost the same of Dec16.

    December 7, 2017 at 8:35 am #421443
    badare
    Participant
    • Topics: 4
    • Replies: 52
    • ☆☆

    Indeed comparability requires uniformity. if two companies have different accounting policies e.g depreciation method , their performance can not be reliably compared. Even if their reporting dates are different ; where is seasonal variations

    December 7, 2017 at 8:41 am #421444
    badare
    Participant
    • Topics: 4
    • Replies: 52
    • ☆☆

    @badare said:
    Indeed comparability requires uniformity. if two companies have different accounting policies e.g depreciation method , their performance can not be reliably compared. Even if their reporting dates are different ; where there is seasonal variations, meaningfull comparison is not possible. so Uniformity is required for comparability

    December 7, 2017 at 10:09 am #421469
    gcngo23
    Member
    • Topics: 2
    • Replies: 24
    • ☆

    To be honest, the paper was fair…MCQ questions were mostly tricky but very straight forward. The last two questions..not hard as well, you can simply score 30 out of 40 there..This is my second seating, compared to the previous paper i sat, to me this one was ‘fair’. All in all, good luck to all of us..

    December 7, 2017 at 12:06 pm #421491
    kumboo
    Member
    • Topics: 0
    • Replies: 26
    • ☆

    @badare said:
    Indeed comparability requires uniformity. if two companies have different accounting policies e.g depreciation method , their performance can not be reliably compared. Even if their reporting dates are different ; where is seasonal variations

    See your BPP textbook.

    December 7, 2017 at 2:02 pm #421532
    colmjulian
    Member
    • Topics: 3
    • Replies: 64
    • ☆☆

    yes, i did look at it..but it doesnt say , unifmormity is not required… it says they are the same, i think

    December 7, 2017 at 2:14 pm #421547
    mehdi2015
    Participant
    • Topics: 0
    • Replies: 17
    • ☆

    Anyway could help with this?
    -And was the goodwill in mcq? 410,000 ..
    Investment of parent 950- net assets acquisition 540(340 sharecapital +200retained earnings)

    -In the ratios.. what was the big problem of roshan.co compared to the industrial average? The inventory days and payable days?

    December 7, 2017 at 3:50 pm #421609
    kumboo
    Member
    • Topics: 0
    • Replies: 26
    • ☆

    @mehdi2015 said:
    Anyway could help with this?
    -And was the goodwill in mcq? 410,000 ..
    Investment of parent 950- net assets acquisition 540(340 sharecapital +200retained earnings)

    -In the ratios.. what was the big problem of roshan.co compared to the industrial average? The inventory days and payable days?

    I don’t remember the MCQ.

    For the other one:

    Seasonal trading as it sells mainly winter clothes.

    Having to compulsorily but from the parent while its competitors might be benefiting from better credit terms from other better suppliers.

    December 7, 2017 at 5:33 pm #421675
    vinxi
    Member
    • Topics: 0
    • Replies: 20
    • ☆

    In section b last question of financial instrument there was some adjustment for exchange rate question anyone remember?adjusted from sales purchases or closing balances. I thought it is adjusted at the time of sales purchases n went for this.. But I guess I did wrong. Share ur answer guys 🙂

    December 7, 2017 at 8:52 pm #421748
    accountinglearner
    Member
    • Topics: 0
    • Replies: 9
    • ☆

    I certainly hope comparability requires uniformity!

    December 7, 2017 at 9:14 pm #421751
    magd90
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    Anyone POL?

    December 8, 2017 at 10:37 am #421845
    rampll07
    Member
    • Topics: 2
    • Replies: 20
    • ☆

    I have had a look in my Kaplan text book and Comparability doesn’t say anything specifically about uniformity. Talks about consistency but doesn’t specifically use the word uniformity. But these mean the same thing surely?

  • Author
    Posts
Viewing 25 posts - 51 through 75 (of 84 total)
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  • The topic ‘*** ACCA F7 December 2017 Exam was.. Instant Poll and comments ***’ is closed to new replies.

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