FR*** December 2021 ACCA FR exam – Instant Poll and comments ***

It should be Debit: Accumulated amortization $20m Debit: Expense(P/L) $10m Credit: Cash $30m

section C was like a typical FR section C I'd see in past questions but the objective test questions were not so cunning. in terms of how they set thier questions with so many right answers and one correct one.

Anyone who had a goodwill question in Section A which required you to choose 2 correct options which had answers on 1. Goodwill is not supposed to increase in value 2. Contingent consideration 3. Contingent liabilities and contingent assets etc.... I don't still remember here the complete statement 3. Gain from a bargain purchase to be recognised immediately in P/L. How did you tackle it

was i the only one who thought the team was lengthy? like my question #32 had analysis plus 3 requirements.

Vania2000 wrote:was i the only one who thought the team was lengthy? like my question #32 had analysis plus 3 requirements.

I am not sure if Iam getting you. What I know is question 32 required i) Calculation of ratios ii) Explanation of the treatment of the gvt grant (including adjusting reported profit) iii) Analysis of financial performance and financial position after adjusting for the effect of the reversal of the grant.