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*** F7 June 2014 Exam was.. Instant Poll and comments ***

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › *** F7 June 2014 Exam was.. Instant Poll and comments ***

  • This topic has 158 replies, 79 voices, and was last updated 10 years ago by smokes2k6.
Viewing 25 posts - 51 through 75 (of 159 total)
← 1 2 3 4 5 6 7 →
  • Author
    Posts
  • June 4, 2014 at 6:19 pm #173889
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 1
    • ☆

    Paper was fairly decent , time constraint was the issue I guess exam technique needs as much focus as the actual syllabus content .

    June 4, 2014 at 6:22 pm #173891
    pakistan098
    Member
    • Topics: 10
    • Replies: 16
    • ☆

    Q 4 was tricky but q1, q2 was too easy Forgot EPS and q5 was ok but out of time only 80% of Q3 completed

    June 4, 2014 at 6:23 pm #173892
    stas8545
    Participant
    • Topics: 0
    • Replies: 5
    • ☆

    You mean 160000 shares at 0,25 per share

    June 4, 2014 at 6:25 pm #173894
    Diane
    Member
    • Topics: 21
    • Replies: 39
    • ☆☆

    Just another extremely time pressured F7 exam…

    I was just sad that I couldn’t show off my skills on producing the full consolidated accounts and a cash flow!

    Interpretations.. I have no idea how you’re meant to make up 15 marks! There was not enough info about the actual business to make assumptions. (to comment on the overall performance)

    June 4, 2014 at 6:25 pm #173895
    seagoat
    Member
    • Topics: 22
    • Replies: 575
    • ☆☆☆☆

    @Diane i feel the same 🙂 studied so hard was so ready for Q1 (SOFP),Q2,Q3 and what i saw just threw me off quite a bit!


    @Ruby
    i was expecting you to be a PrizeWinner this sitting for F7 – sorry to hear about “disaster” – don’t worry you can still pass exam

    Once again good luck to all ! Don’t give up.

    June 4, 2014 at 6:29 pm #173898
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 8
    • ☆

    Same prb with me same figures

    June 4, 2014 at 6:31 pm #173900
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 8
    • ☆

    I got nagative goodwill -56100

    June 4, 2014 at 6:33 pm #173903
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 28
    • ☆

    I got 73,000 for the goodwill

    June 4, 2014 at 6:33 pm #173904
    FlyShine
    Member
    • Topics: 0
    • Replies: 13
    • ☆

    Q1 goodwill – 73,000

    Q2 Shares Given on trail balance $56,000 already recorded right issue. Thus original shares 160,000 shares ($40,000)
    Right issue 64,000 shares ($16,000)
    And share Permuin (64,000 x (60 cents – 25 cents)
    Original share permiun I forgot. Whatever amount on trail balance minus $22,400 above.

    Divided I got was $10,880.

    EPS = 8 cents though I think it’s wrong 🙁

    I still can’t over Q1 being P&L. I was focusing more on SOFP.
    Anyway, moving on to F8 tomorrow.

    June 4, 2014 at 6:34 pm #173906
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 6
    • ☆

    It was tricky but to be sincere, a fair paper. I got confused when it done on me that there was no cash flow in the question. I started with Q4, then Q5, Q1, Q2 and Q3 half way ……..pens up!.
    It was really time pressured.
    Goodwill answer was Positive, Never Negative…..
    A pass for me……..

    June 4, 2014 at 6:35 pm #173907
    FlyShine
    Member
    • Topics: 0
    • Replies: 13
    • ☆

    Those who got negative goodwill, did you add Deferred cash consideration?

    June 4, 2014 at 6:36 pm #173908
    maes
    Member
    • Topics: 24
    • Replies: 52
    • ☆☆

    When do they release the questions?

    June 4, 2014 at 6:37 pm #173910
    litsa
    Participant
    • Topics: 2
    • Replies: 15
    • ☆

    I think the paper was generally Ok but in question 3 i was so stuck as ratios and interpretation is a tricky area..!

    June 4, 2014 at 6:39 pm #173913
    jeile
    Member
    • Topics: 2
    • Replies: 21
    • ☆

    I have to be honest and the exam was not nearly as hard as I thought. Sadly, I was so unprepared for some of the topics (namely tax and PUP – just can’t get it through my head) that I doubt very much I did well.

    Oh well, December here I come! 🙁

    June 4, 2014 at 6:45 pm #173915
    Gabriel
    Member
    • Topics: 135
    • Replies: 591
    • ☆☆☆☆

    I’m wondering why the F7 examiner can never leave his tricks and why can’t he be satisfied seeing us to pass. There was an impairment loss (revaluation loss) in question 4.! Ridiculous June 2014 sitting

    June 4, 2014 at 6:45 pm #173916
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 8
    • ☆

    I took def. Consideration 1.54m/1.1 = 1400
    And u guys took 1.54/1.1 x 90000sh = 126000
    I thought its million i didnt read 1.54 per sh

    June 4, 2014 at 6:50 pm #173919
    abbas7796
    Member
    • Topics: 135
    • Replies: 256
    • ☆☆☆

    yes but that impairment loss was then reversed by the gain of item b. so in excess there was a gain of 12000 i think and some was transferred in retianed earnings

    June 4, 2014 at 6:52 pm #173922
    jure
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    Rather difficult exam, Q2 hard and time-consuming. Q3 I expected cash flow, Q4 the easiest but lack of time!

    June 4, 2014 at 7:01 pm #173925
    Irfan
    Member
    • Topics: 1
    • Replies: 9
    • ☆

    The exam was not difficult as such but the way things were twisted and thrown here and there to be worked out in Question 1 took a lot of my time and that made me run out of time and when you are under time pressure you tend to make mistakes even in the areas you are good at. In short I believe it was a lengthy exam and not enough time for the level of questions set.

    June 4, 2014 at 7:06 pm #173927
    Frank
    Member
    • Topics: 15
    • Replies: 69
    • ☆☆

    could someone comment on how accurate the tips were please…
    and hope you guys pass

    June 4, 2014 at 7:06 pm #173928
    Julia
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Please help, forgot what was the mark allocation in q1? Was there anything else except goodwill and p&l and other compr income?

    June 4, 2014 at 7:07 pm #173929
    tarek
    Participant
    • Topics: 45
    • Replies: 57
    • ☆☆

    It was ok paper Q1 simple GW and trick in pup A and revaluation land after AQ 1000 attribute NCI is 300
    Q2 no trick loan easy bf sh 40000
    Bf prem 2600 EPS 31
    Q3 ratios not gap gearing increase
    As purchase and calculate ratios before purchase deduct amounts of shaw
    Q4 simple NCA transfer to RE 2400
    Q5 I get just grant
    Good luck for all

    June 4, 2014 at 7:10 pm #173932
    Yana
    Participant
    • Topics: 5
    • Replies: 22
    • ☆

    Oh I think I made huge mistake by calculating it other way around …

    shares share premium
    beg-g of the yr 48000

    right issue 2/5 8000 11200

    year end 56000

    56000/7=8000
    8000/0.25=32000 * 0.35 = 11200
    And so I calculated the dividends also wrong
    I don’t remember other figures
    I got it all wrong ((
    will come back in December

    June 4, 2014 at 7:15 pm #173936
    abbas7796
    Member
    • Topics: 135
    • Replies: 256
    • ☆☆☆

    the 12000 gain on revaluation was after the offsetting of the previous loss of 20,000 right on item a?

    June 4, 2014 at 7:23 pm #173941
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 12
    • ☆

    Can anybody tell me in ratios part 1 and two … wat was actually demanded in both???

  • Author
    Posts
Viewing 25 posts - 51 through 75 (of 159 total)
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  • The topic ‘*** F7 June 2014 Exam was.. Instant Poll and comments ***’ is closed to new replies.

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