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@riskyguy said:
assuming Coupon Interest was 6% and Market Interest 9%O/B = 29000
CI = 30000×6% = 1800
MI = 29000×9% = 2610 (Finance cost
C/B 29810 (Non-Current Liability)Finance cost of 1800 was already deducted, you had to deduct 810 (2610-1800) from draft retained earnings.
At least that’s what I did
“they added transaction cost of 1k to P/L expense”
Don’t remember thisMade the same calculations with loan, but added 1k back to RE
What did you get the balance on Q3 aproximately? OR goodwill, or any workings number if anyone remebers. Thanks.
need to add to share capital and share prenium of Parent. The amounts were 4800 in share capital and 9600 in premium.
I agreee. Made the same calculations. Did anyone accrued the interest on cash consideration on 9 Months?
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Tatia, right, unwinding discount was based on 9 months
Hii
Im planning for p2 exam y june 2015.
Are there any whatsapp group?
If there is any whatsapp group please add my number 00971561215455
Regards,
Moataz Aly
I was confused if 100 depreciation of FV movement in Q3 needed to be included in CoS or it was already deducted after acquisition?
In addition, how did you deal with revaluation of 600 after acquisition?@Beyagala said:
Just after one day, the questions are on the ACCA website.Cant find it
The exam paper you must click on INT under on the right hand side of the ACCA page
Would love to know Sir Mike’s opinion on whether MCQ were harder / trickier than the specimen exam.
@gazeboz said:
The exam paper you must click on INT under on the right hand side of the ACCA pageThanks, got it!
2 A
3 A
5 C
6 B
8 D
9 A
11 A
12 A
14 C
15 A
16 B
20 DMcq’s, the ones i THINK i got right.
And if they are wrong, then I can imagine what happened with those that i THINK i didn’t get right!@amaldeh said:
I was confused if 100 depreciation of FV movement in Q3 needed to be included in CoS or it was already deducted after acquisition?
In addition, how did you deal with revaluation of 600 after acquisition?I included the depreciation in COS then subtracted from NCI. One mistake I did was deducting URP from NCI calculation, it was a sale from P to S so did not have to deduct, I hope the markers give me some marks for NCI and dont just cross it all.
@skandinav said:
could u pls share link? i can not find itHey there! Did you use your 15 minute reading time to do MCQ then transfer answers over when allowed? It worked well and will do this tomorrow for F9 🙂 I really want Mike to check the MCQs for F7 so I can see how we did – but he is very busy
riskyguy,
Here are my answers to the MCQs (quite a lot of matches :))
1-a
2-c – options 1 and 4 will be included in the calculation of basic EPS anyways
3-a
4-c
5-c
6-b
7-d – a secured loan?
8-d
9-a
10-d
11-a
12-a
13-b (not sure though)
14-c
15-a
16-a (bargain purchase)
17-b
18-d
19-b
20-dgood luck all 🙂
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My answers:
1 – a
2 – c
3 – a
4 – c
5 – b
6 – b8 – d
10 – d
11 – d13 – b
15 – a
16 – a
17 – b19 – b
20 – dHere were what I put, think I got 14 out of 20
1b
2c (prob D)
3a
4c
5c
6b
7d
8d
9a
10d
11d (prob A)
12c (prob A)
13b
14c
15a
16a (prob C)
17c (prob A)
18c
19d
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I think the 5 MCQ answer is B because DT on revaluation is accounted within Equity reserve (together with revaluation of NCA)
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In question 11 we had to multiply by nominal rate, not effective. Thus, correct answer is D.
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Answer to MCQ 11 should be A. The liability component is calculated as the PV of future cash flows discounted at the market rate for a similar bond without the conversion rights, i.e. 8%.
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