- This topic has 267 replies, 121 voices, and was last updated 11 years ago by
.
- Posts
Discontinued operation is simply discontinued By Francis Braganza.
It was a fair paper I regret spending one and a half hour trying balAncing qn 1
God help. I am rated under 60 not sure to score 55 or 50
- Topics: 0
- Replies: 2
- ☆
Majorly Trikish for dates, Time was the major Factor, i was rounding up question 2 when the cors anoounced it One hour to go.
Hope to pass Sha
I just enjoyedthe cashflow question.But generally it was ok but unpredictable.Consol was sumthing else i ve never done i question with a loss.
Wn are the answers for f7 june2013 going to be published i am waitng for them eagerly…..
- Topics: 0
- Replies: 3
- ☆
<cite> @umerazizch123 said:</cite>
Yeah I hope that is right…I also got 11000 NET assets at Acq….Thank GOD:)Dear All,
fist of all why we are adjusting FAIR VALUE in good will? if you think on question then you will never treat it wrongly.
ist u should understand on which stander, principal we have required adjustment for fair value.
in simple words CASE1: lets suppose you buy some thing from some one for $120 but the market value of this item in current condition (is the fair value in the current market) is $100, so what you have gained / loss. the good will is in actually loss for the buyer because the seller have received more than his expectation. so think if the buyer wants to resell it in current market then he will loss of $-20 (100-120).
CASE2: IF THE BUYER BUY IT ON $90 SO THEN THE BUYER COULD ACHIEVED PROFIT OF $10 (100 FV- 90COST TO BUYER )SO i think you should understand that it is an extra payment to seller (subsidary) so, the positive GOOD WILL =(PAYMENT TO SUBSIDIARY) LESS (SUBSIDIARY NET ASSET VALUE AT CURRENT MARKET MEAN’S AT FAIR VALUE).
it is gained on acquiring subsidiary on lower than its fair value. So negative GOOD WILL =(PAYMENT TO SUBSIDIARY) LESS (SUBSIDARY NET ASSET VALUE AT CURRENT MARKET MEAN’S AT FAIR VALUE).
- Topics: 0
- Replies: 3
- ☆
Dear All,
fist of all why we are adjusting FAIR VALUE in good will? if you think on question then you will never treat it wrongly.
ist u should understand on which stander, principal we have required adjustment for fair value.
in simple words CASE1: lets suppose you buy some thing from some one for $120 but the market value of this item in current condition (is the fair value in the current market) is $100, so what you have gained / loss. the good will is in actually loss for the buyer because the seller have received more than his expectation. so think if the buyer wants to resell it in current market then he will loss of $-20 (100-120).
CASE2: IF THE BUYER BUY IT ON $90 SO THEN THE BUYER COULD ACHIEVED PROFIT OF $10 (100 FV- 90COST TO BUYER )SO i think you should understand that it is an extra payment to seller (subsidary) so, the positive GOOD WILL =(PAYMENT TO SUBSIDIARY) LESS (SUBSIDIARY NET ASSET VALUE AT CURRENT MARKET MEAN’S AT FAIR VALUE).
it is gained on acquiring subsidiary on lower than its fair value. So negative GOOD WILL =(PAYMENT TO SUBSIDIARY) LESS (SUBSIDARY NET ASSET VALUE AT CURRENT MARKET MEAN’S AT FAIR VALUE).
- Topics: 0
- Replies: 3
- ☆
<cite> @shahzad1986 said:</cite>
What did u get as pre acq for the subsidiary uk variant ??<cite> @umerazizch123 said:</cite>
Yeah I hope that is right…I also got 11000 NET assets at Acq….Thank GOD:)Dear All,
fist of all why we are adjusting FAIR VALUE in good will? if you think on question then you will never treat it wrongly.
ist u should understand on which stander, principal we have required adjustment for fair value.
in simple words CASE1: lets suppose you buy some thing from some one for $120 but the market value of this item in current condition (is the fair value in the current market) is $100, so what you have gained / loss. the good will is in actually loss for the buyer because the seller have received more than his expectation. so think if the buyer wants to resell it in current market then he will loss of $-20 (100-120).
CASE2: IF THE BUYER BUY IT ON $90 SO THEN THE BUYER COULD ACHIEVED PROFIT OF $10 (100 FV- 90COST TO BUYER )SO i think you should understand that it is an extra payment to seller (subsidary) so, the positive GOOD WILL =(PAYMENT TO SUBSIDIARY) LESS (SUBSIDIARY NET ASSET VALUE AT CURRENT MARKET MEAN’S AT FAIR VALUE).
it is gained on acquiring subsidiary on lower than its fair value. So negative GOOD WILL =(PAYMENT TO SUBSIDIARY) LESS (SUBSIDARY NET ASSET VALUE AT CURRENT MARKET MEAN’S AT FAIR VALUE).
This particular paper should be 3hours 30minutes. 3 hours is too short a time for this particular paper. I just hope acca puts this into consideration.
- Topics: 0
- Replies: 1
- ☆
This was a time pressured paper; I don’t know if I scored 50 marks.
- Topics: 0
- Replies: 1
- ☆
I am first time appeared, i feel this paper is little tuff, but if I prepared little well definitely can clear.
- Topics: 0
- Replies: 2
- ☆
Was not a bad exam at all except when they tell you to mind the time you spent on a question you should obey because that may have been my downfall because i actually completed three questions but not enough dedicated to question 4 and 5
i am really hopless for result, next week i will start again F7 again, and F8 as well. you have any idea for me to pass F7 in Dec? and is there any one who has passed F8 and F9 here? i need some advise…
https://opentuition.com/acca/f7/acca-f7-revision-kit/ Answers to F7 exam are now on line – recorded in a video lectures
Hi Guys,
I have an issue with the rights issue of one for four. Why was the 100,000 shares divided by 5 and not 4. I’m yet to comprehend. Anyone?
BTW ACCA has posted the answers for all papers.
- The topic ‘*** F7 June 2013 Exam was… Post your comments ***’ is closed to new replies.