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@ak2401 Both my questions 31 and 32 were in a word type document. It made it very difficult to answer the consolidation/combination statement of financial position. Could I ask where you took the exam?
I have made a complaint to ACCA about it because I didn’t not think it was correct that we were asked to prepare a statement of financial position in a word doc.
Thanks,
Mark
@mkwalters are u sure about lease ? Isn’t the interest on the lease to be expenses as well ?
@jamusuf said:
@mkwalters are u sure about lease ? Isn’t the interest on the lease to be expenses as well ?Yes I think interest should go as well to pl if the question asked all the expenses but i forgot to do it…
There was one question about redeemable preference share in section B about the issue cost and the finance cost i dont remem the question what was the ans for it?
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@simspetya said:
Yes I think interest should go as well to pl if the question asked all the expenses but i forgot to do it…yes, you add both depreciation from asset side & interest from amortization of liability
Essex in the UK. Yes that is strange,
My one was definitely in spreadsheet format for 32.
I did have one issue with a question i wouldnt let me put my whole answer in the box, only to one decimal place and it was in millions so very odd. I wanted to put something like 23.01 but could only put 23.0 I thought perhaps i had got the answer wrong, but either way felt it should of let me put it in.
Well about the lease I don’t think that the question wanted all expenses for p&l. Wasn’t it something like – what is the current amount of the right of use bcs I was wondering what is the interest rate given for
I agree with most of the calcullations but shouldn`t the Inventory adjustment only include the 90 % which ws subsequently sold per IFRS 13 and IAS2
I have been told by ACCA that their are different variations of the F7 CBE exam. So not all candidates would have had the same questions.
@markfairman said:
I have been told by ACCA that their are different variations of the F7 CBE exam. So not all candidates would have had the same questions.Do you remember what questions you had for 31 & 32.
For me, 31 was a word consolidation of a group profit and loss that was aquired part year. Something had to be reinstated first as if the subsidiary had not been aquired.
32 was a spread sheet statement of financial position with various calculations.
Abby
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