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Does anybody know if you did a question right and crossed it out and did the wrong thing if the examiner may correct the right one still? Really wishing…
I did the other way round lool crossed the wrong one then worked it out again , but in a correct way
Guys, on Q3, it says ‘with-recourse’ thus no matter what the bad debt amount is, the factor would bear the bad debt expense.
@tariqsuhail said:
Guys, on Q3, it says ‘with-recourse’ thus no matter what the bad debt amount is, the factor would bear the bad debt expense.It’s the other way round. With recourse means the factor can pass the debt back to the company – without (or non) recourse means the factor has no recourse to the company so would have to bear the loss themselves. Hence non-recourse is more expensive.
Yikes! Can’t believe I got mixed up between the two. I hope I haven’t made any more stupid mistakes.
My feeling is so mixed. I believe I passed section B but did horrific in section A. Hoping I get 8/20 in Section A
@emo777 said:
Bpp gives the same example, with the same wording, of invoiced debt…just calculate question 3 using bpp method, you will get benefit of 87000The reason BPP have the same example is because it is copied from an old exam question by the same examiner 🙂
I have passed my suggested answers to admin.
He will upload them later – I guess in an hour or so.
Thank You very much, Mr Moffat! Regarding bpp, you have just opened their secrets 😀
Arslan14: For heavens sake!! You are getting this free of charge, and nobody else supplies it, so don’t be rude 🙂
It has been corrected now anyway.
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I guys where can i found uploaded suggested answers? please help
OMG!! I have been having sleepless nights because of the answers people have been posting.
Especially the NPV question. I actually did it right.I heard it all here. Deducting scrap, doing 3 NPVs. blah blah blah.
It was actually just a straight forward question.
THANKS JOHN for the answers and all the help with preparing for the exams.
Thank you for the suggested answers.
I did a silly mistake- In the hedging question I did all the calculations correctly but in the conclusion stated that a wrong method should be chosen 🙂 – how many marks if any will I get for this?
Also In the Receivables question I based the 80% increase in financing fee on total credit sales not on receivables – how many marks will I lose?So Mark you want to say that your question 4 was totally right? Its better to learn how many marks we lose from question 4, not from silly kistakes
No, my question 4 was a disaster, ran out of time.
But still would like to know the likely points deduction as per my question above..Mark, for that ine regarding the choice, think will not be more than one mark
The same for factoring, in my opinion.lhowever, we are nowhere as expert as Mr Moffat in this case :))
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link to answers : https://opentuition.com/acca/
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