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EUR 43,400 was the revenue on the split product / service thing; correct ??
Does Comparibility need Uniformity ?
@simonabele said:
No, in comparability is no need for uniformitySo the first statement only was correct?
@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!
@kumboo said:
So the first statement only was correct?YES
Who remembers the question with the goodwill 20 000 and a 5000$ asset?
the answers:a) 20000
b)21000
c)17000
d)20800And 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?
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Multiple choice I think I was
B
A
B
C
D
D
A
A
Then can’t remember?!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 ?@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.
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.
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
@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 comparabilityTo 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..
@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 variationsSee your BPP textbook.
yes, i did look at it..but it doesnt say , unifmormity is not required… it says they are the same, i think
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?
@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.
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 🙂
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