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It was tough I think.
Especially section C. I had conso for 2 entities.
I could’t find how to to get goodwill.I found the section c hard statement of profit or loss I got completely muddled and made a huge mistake. Taking 80% of the figures I was thinking back to the statement of financial position. Completely muddled the big 20 mark not sure I could pass with missing such a lot in this large question. Annoyed
The exams are never like the practice questions you get to look over. Stupid. Stressful enough
Anyone do something so stupid before????
Thought it was quite tough. Lots of stuff on PPE and consolidation. Found the interpretation question really hard. Couldn’t think of much to say to make up the 11 marks
I also made the a really stupid mistake on the goodwill part by accidentally deducting the 20m increase in FV amount of asset from net assets rather than adding it! Literally can’t believe it
Thought it was tough especially section C with the ratios and analysis of performance. Not enough time to write 11 marks worth of info. Made a small mistake in the balance sheet where I didn’t deduct dividends paid from retained earnings and put it in current assets…. Frustrating!!
Did anyone have the statement of p and l for section c. We didn’t have to time apportion it did we as it was over a year since they acquired?
I found the p&l question hard but the ratio one wasn’t bad
Did we all have a different exam? I thought it was mad that there was no consolidated P/L or SFP in section C. Just P/L for a single entity
Had the same questions, same as you I found the ratios fine but the P&L was a bit of a disaster, we didn’t have to time apportion
Was the intra-group sales 9m? It said the subsidiary had only paid 2m, but I imagine that would only have affected the balance sheet?
I thought I was a tough one. Had the consolidated P&L in section C and the second one was calculate goodwill ratios and analysis. Don’t know if I done enough in analysis but tried to explain best I could.
Hopefully I picked up a lot of marks in section A and Byeah the intra group sales were 9m, i deducted that from both revenue and COS and then added the URP to COS. dunno if that was right :/
Yeah I’m pretty sure that was right, I did the same, deducted 9m from COS, added the mark up of 25% and multiplied by the fifth left in inventory if memory serves me right
for the 7million receivable did we have to deduct it in part b for the consolidated assets question
I didn’t get that question finished but that seems right, was the investment for the assets the amount already paid deducted from the original cost?
Lguicci, As I understand, we have same exam. If you are interested, we can review exam)))
Did any of you have to calculate EPS in the 32nd question? I couldn’t figure out how to get number of shares?!
I experienced technical difficulties with the exam and im not sure if its me but I was unable to view the questions on the screen. The format of the exam seems to not be compatible with the monitors used at our exam centre.
My other issue today was also the time lag and slight freezing of my screen every time i went from one question to the other
Anyone else ever experienced this?????
It was such a disaster, I even thought I was writing a wrong exam or I studied with the wrong FR material.
Did anyone have the Pontoon analysis question? Did ye say the disposal of Stand was a good or bad idea?
I’ve got that one and I’ve Said that it was bad idea based on the drop in profit and revenue which Made me think that Scan was profitable.
How did you Calculate EPS in 32nd? I didn’t managed to figure out their number of shares. I went theough the Text several times and just didn’t see anything that would help me.
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