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<cite> @kynhonglongbong said:</cite>
GW is 8500, i’m totally sure about this number 😀Are you vietnamese 😀
OMG! I got 3100.
Congrats your correct answer!
Yep, i’m from Ha Noi :lol<cite> @ratsgnidiug said:</cite>
OMG! I got 3100.
Congrats your correct answer!
Yep, i’m from Ha Noi :lolshow and enlightern us how u got that number for gwill.
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<cite>@gospelqueen said:</cite>
Consideration 12000
Loan note 1500
NCI 6000
TOTAL 19500FV of N/A @ DOA
SC 20000
RE (2000)
FV adj: ( 3000)
Total (15000)
Goodwill 4500This was what i get. Did any one get this
I think the only thing incorrect here is the cash sum
20000 x 75% x MV of shares at date of acq which I can’t remember
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The goodwill calculation is 5 marks in total anyway so the most anyone could lose is 1 or 2 marks max and they won’t negatively mark you down if you carry the figure youve calculated into theCSFP
so, guys, as far as i remember:
Q1,
(w2) at aqc and at sfp
osc 20000 20000
r.e. 2000 8000
fva (3000) (3000)
dep 500
loss (2000)
i cant remember 700
17000 26200post acq profit was 9200
(w3) goodwill
cost of inv
2000×75%x2/5×2 12000
loan 15000/1000×100 1500
fv of nci 2500×2.4 6000
less (w2) (17000)
goodwill 2500(w4) nci
from w3 6000
25% x 9200 2300
9300w5 g.r.e
px100% xxxxx
75%x 9200 6900
pup (600)
loss on invest (400)also
invetment adj P(400) and S300
receivables inter-Co (3700)
bank C-I-T 900
payables inter-Co (2800)Q2
workings
(w1) Dr Revenue 10000
Cr Loan NCL 10000
Dr Cl Inventory 7000 CL
Cr inventory 7000 COS
W2)
Dr Held-for-sale 4200 SFP
Cr plant 4000 SFP
Cr Other income 200 ISDep`n building 2500
plant 7000 (63000×20%x6/12)
plant 5900 (59000×20%x6/12)W3) Dr Admin exp 100 (revenue x 1%)
cr provision 100w4) cy tax AAA def tax bf XXX SFP: NCL def tax DDD
overprov (xxx) CL tax liability AAA
def tran BBB —————— BBB IS: tax expense CCC
TAX exp CCC def tax cf DDDw5) OSC 25000 x 0.50 12,500
SP 25000 x 0.70 17,500w6) Fin Cost: bank interest 500
loan interest xxxxw7) NCA: land&building NBV 44,500
plant 53,100
Fin lease xxxxxxx
NCL: def tax xxxx
fin lease xxxxCL: BANK xxxx
tax xxxx
int accrued xxxx
mainly theseQ3) overall IS and SFP was good compare last year due to revaluation as ROCE need to be calculated twice and all other releted ratios was good despite net decrease in cash and cash equivalent of $1250, and in conclusion u can mentioned that this is why cash flow has a advantage over IS so cash flow is
Kingcos cash flow and IS in Monty represent different picture of business performanceso guys i wish evryone good luck as well to myself
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I have attemped four times for F7 . Hope I can Pass ! Some questions without thinking dierectly written on the paper!
<cite> @adman50 said:</cite>
PLEASE DON’T THINK I AM CORRECT!!! 🙂Haha that’s just what I put down could be totally wrong as it was very strange….
Was disappointed no leases, no convertible debt, no associates but it’s done now.
<cite> @3plex33 said:</cite>
What comes out? I heard my friends sitting the exam said it was strange.The information on the questions was just plenty: I think, cause the time was really not on my side. well am hopeful didnt complete though
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<cite> @batman1993026 said:</cite>
I think the wording of note 1 threw me off and I don’t have a clue why I added the 3000! Still, only 2/3 marks lost on that calculation at max, should get some carry over marks and marks for calculating consideration<cite>@nauman786ahsan said:</cite>
had a previous year retained earning 4000 loss and the sub was acquired on 1 October consolidation statement 31 march6 month pre 6 post in question R.E 8000 when 8000 *6/12 4000 pre retained earning 4000 profit 4000 loss effect nill ?????????
Quite logical, I got dt wrongly,, my goodwill calculation was wrong then!!
<cite>@danf1981 said:</cite>
I think the only thing incorrect here is the cash sum20000 x 75% x MV of shares at date of acq which I can’t remember
<cite>@gospelqueen said:</cite>
Consideration 12000
Loan note 1500
NCI 6000TOTAL 19500
FV of N/A @ DOA
SC 20000
RE (2000)
FV adj: ( 3000)
Total (15000)Goodwill 4500
This was what i get. Did any one get this
I got this ….
Just want to say thanks for the lectures they were a great help. The paper overall was a good one for me especially with concentrated lectures on this site.
The only problem was that there was not enough time and after Q1 i was 10 minutes behind. With 15 minutes to go i had to to do Q5 & Part two of Q3.
If i failed i feel i was unlucky as the only reason for failing would have been the time allowence as i knew the paper fairley.
THANKS FOR PROVIDING THESE – Great HELP.
Hi,
Investment property, really simple, there is no Dep for Invt property, only fair value need to charge in I/S
and Q4 Discontinued operation..
just need to show in one Line & and given not meet the std, so show as normal .actually I did 4 & 5 in first, but no time to do easy cash flow!!! only god help me to get through!!! let see??/
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paper was easy although a bit lengthy
pple here are f7 june 2013 questions from ACCA WEBSITE . let’s comment click below to download.
this was a very easy but technical, different from the usual exam, examiner has become sofisticated, the paper was fair overal but a technical one.
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<cite> @biggles said:</cite>
Oh dear mkshah! The balance sheet amounts are NEVER time apportioned. The balance sheet is “as at a moment in time”I also time apportioned knowing i shouldnt when i was practicing at home…maybe due to pressure i made such silly mistakes.
I guess i lost alot of marks there. Do you know how much marks will be lost? :/I’ve got goodwill in question 1 of 8.500 as ret. earnings at 1 April 2012 should be included as well. My balnce matched.
Most toughest Steve Scott has ever meade 😛 !!! Nothing Balanced except the cashflow, what about everyone else did anything balance??
<cite>@dregazul said:</cite>
int variantmy question 1 balanced on first attempt didnt have to tweak anything to get it balanced
bal figure is 138100 hope its correct its the only thing i got balancedMy Assets section was 138100 but Equity section turned out to be 10000 short 😛
Q1,2 and 3 were fair. The only difficulty of course was time. Hope it all works out.
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yea I think the goodwill is 2500
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it was nice.
Thank You Jesus.
Thank You Opentuition.anyone pls help me with this…. I actually made a mistake calculating the share exchange as 2 for every 3 shares(guess i practised too many questions) it acually affected my goodwill figure and my share capital en share premium figures as they were all overstated by 8,000,000.00. How does ACCA do thier marking dont wanna write the paper again!!!!! crying!!!!!!!!!!!!!!!!!!
hi guys can some body give me fair suggestion,,that i did Q1 AND Q2 full with some minor errors,but i did the adjstments quit nice for both,,i did cashflow but very good,,i did calculate only ratios for the third question part two, i didnt interpret the ratios,,in q.4 i did wrote the theory of discontinued operations and the scenaioe,,but i left the question in part b…i also left q5,,part b,only theory in part a of investment properties,,,could i pass the paper?
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