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@mdarifansary said:
i have done this in exam….dont know how much they will be correct???????
can u guys help me out??????????1 b
2 cant remember
3 a
4 a
5 d
6 b
7 c
8 d
9 a
10 b
11 d
12 a
13 c
14 b
15 b
16 c
17 a
18 a
19 c
20 cI remember getting the last one as C 🙂
@pinkyjovin123 said:
Anybody know 1st two questions of Mcqs answers???
Is it first one 1 and 4
Second one 2 and3??
Is this correct…@mcloud said:
F7 was disasterF7 was very time consuming, at the end i just guessed 10 MCQs, because i spent much time on part B questions. any how overall i think question 3 was difficult but the rest of two were ok.
Hey guys……anyone remember how they calculated the Net Assets figure in Q1 (consolidated P&L?) The opening balance was given in question but there was then a FVA and excess deprectiation…..did everyone deduct this from Net Asset figure?
@kbourne said:
Hey guys……anyone remember how they calculated the Net Assets figure in Q1 (consolidated P&L?) The opening balance was given in question but there was then a FVA and excess deprectiation…..did everyone deduct this from Net Asset figure?it was given in the question – you only had to do a fair value adjustment.
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Who remembers the question on provision where the provision for the year was like 80 something thousand. I got confused with the 6month warranty thing. Wasnt sure the previous one would have been reversed and the new one credited in full or just the movement.
@johanndamato said:
GeorgeWhat do u mean after 9/12? intragroup before acq was 500 per month so these need to be deducted as they dont accrue evenly throghout d year they relate solely to revenue generated pre acq. then u apportion d rest Is my reasoning wrong?
I didn’t apportion the ICO sales by 9/12, I agree they were month by month basis so I just used 500 x 9 months and then multiplied by the profit loading (think 25/125?) to get to the PURP. That should contribute to my 30% 😀
@kolkleen said:
Who remembers the question on provision where the provision for the year was like 80 something thousand. I got confused with the 6month warranty thing. Wasnt sure the previous one would have been reversed and the new one credited in full or just the movement.3k Debit entry was my answer
@farhantahir786 said:
it was given in the question – you only had to do a fair value adjustment.Thanks buddy. That was my approach……but you doubt everything. Main issue for me was Q3 – the Fin Lease and Convertible Loan took me offline and I over-ran by 10 minutes or so…..which meant I dropped 5 marks by not doing the excerpt from SOCF and also part b of interpretations – which was actually a walk in the park this time!
@farhantahir786 said:
3k Debit entry was my answerwas that D? I defo did a Dr to the P&L but can’t remember if 3 or 3.5K
@kbourne said:
Thanks buddy. That was my approach……but you doubt everything. Main issue for me was Q3 – the Fin Lease and Convertible Loan took me offline and I over-ran by 10 minutes or so…..which meant I dropped 5 marks by not doing the excerpt from SOCF and also part b of interpretations – which was actually a walk in the park this time!Good to hear 🙂
I agree – the convertible loan part was not that fun, finance lease took time thinking about :/.@kbourne said:
was that D? I defo did a Dr to the P&L but can’t remember if 3 or 3.5KNot sure what letter it was – but the options where 87(?)k or 3k. So, I think you got the same as me
@kbourne said:
anyone get C for the DIluted EPS question?yep. calculated bonus shares in issue, added it to the existing capital, got EPS for this year, and applied new shares to old earnings – 99.99999% sure I put C! (22.5 for last year, and whatever this years was).
@farhantahir786 said:
Good to hear 🙂
I agree – the convertible loan part was not that fun, finance lease took time thinking about :/.I didn’t even get an entry in the BS for Finance Leases, and I just made a stab at it in the PPE workings, NEVER seen Finance Leased plant in the run up to this before, wasn’t even sure how to treat this in the PP&E – hoping I grab method marks for seperating the other elements out in my workings.
@farhantahir786 said:
yep. calculated bonus shares in issue, added it to the existing capital, got EPS for this year, and applied new shares to old earnings – 99.99999% sure I put C! (22.5 for last year, and whatever this years was).Nice! feeling a bit better now. Maybe I get 34% 😉 good luck to you!
In one of the MCQ,the answer I got like acquired a plant throughout the year and …..last month of the accounting period..Does anyone got like this??
@pinkyjovin123 said:
In one of the MCQ,the answer I got like acquired a plant throughout the year and …..last month of the accounting period..Does anyone got like this??think I picked the 2 middle ones…….
@pinkyjovin123 said:
In group retained earnings what is the answer in MCQwhat were the options again? think it may have been A but cant remember> 1.2m ish I think
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