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It was 6m Creditor for PPE i guess. The initial rate was 2 dinar/usd and when payment was made the rate was 3 dinar/usd. This meant that there was 1m realized gain on this. For the ratio analysis this mean that Operating profit decreased by 1m (As far as i remember it was 2050 before so 1050 after) and also that Retained earnings decreased by 1 million (which meant that it changed the Capital employed number as well)
Are you talking about F7? Did we really had dinars to deal with? I really cannot remember that or I have missed. For sure, there were not any foreign currency exchange rates given on F7, so I guess either you are talking about another exam or we have different versions in different locations? Does anybody else have foreign currency on F7?
I do not recall having any questions on foreign exchange … i did paper based too international
@tothede said:
It was 6m Creditor for PPE i guess. The initial rate was 2 dinar/usd and when payment was made the rate was 3 dinar/usd. This meant that there was 1m realized gain on this. For the ratio analysis this mean that Operating profit decreased by 1m (As far as i remember it was 2050 before so 1050 after) and also that Retained earnings decreased by 1 million (which meant that it changed the Capital employed number as well)this is what i did too…
I did CBE on F7. It might be the case that the paper and the CBE differs slightly i am not too sure.
The last three exams have not had regular consolidated accounts. Is this going to be a recurring thing
i had CBE ver. this morning, ask two other people in the same room, we all had different questions
seems like there were at least three different versions… may be moreTice brand – I brought down to 5.5
I seem to remember another answer I had as 7.2
And I think another impairment answer was maybe .5 after I used surplus@colmjulian said:
The last three exams have not had regular consolidated accounts. Is this going to be a recurring thingI had one with subsidiary disposal and only STPL, three ratios and coments
and one single entity (STPL, Share capital and STFP)also there was nothing about foreign exchange, financial instruments or EPS in the whole paper
a lot of Good Will….
@colmjulian said:
Tice brand – I brought down to 5.5
I seem to remember another answer I had as 7.2
And I think another impairment answer was maybe .5 after I used surplusI had the same answers, what was the number of days for the Operating Cycle?
@beloslava said:
I had one with subsidiary disposal and only STPL, three ratios and coments
and one single entity (STPL, Share capital and STFP)also there was nothing about foreign exchange, financial instruments or EPS in the whole paper
a lot of Good Will….
What was your value for the Profit/Loss on Disposal?
That sounds like my long questions… I did CBE. Did you do the ratio commentary in excel? I found that difficult!
@beloslavaOperating cycles ? Gross profit margin I had about the same before disposal. Operating expenses reduced. Interest cover was 17 times , but I think I used the wrong profit
Ratio analysis – 9 marks was a lot , considering there were only three ratios and I couldn’t find much to talk aboutHow do we know which five questions were the ‘red herrings’ ? Is it the easy ones ? (For example how is bargain purchase treated – to p&l)
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