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I did the Irish version. Some questions which accounted for about 8-10 marks we were not prepared for or given the material before hand which was very off putting. Felt I did a good Consolidation question. The other questions a bit hit and miss, felt i could have written more. Q2 parts were difficult and Q3 unsure. Overall a fairly difficult enough paper. Fingers crossed thou
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This exam was for us to take, Foreign subsidiary in q 1. Q1 a was even easier so it was a good warm up question
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acquisition cost for stem was dollar term value on parent sfp under investment in stem.
Was this exam any close to Kaplan or BPP revision mock? Did somebody take BPP or Kaplan live online or online course? Can anyone suggest what is better to take? Which books you likeed more, Kaplan or BPP?
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2 questions:
Was the 40% operating expenses in dollar and 60% in dinar in question 1 anything to do with figuring out the retained earnings of the year for Stem? I did 100 post acq retained earnings, * 40% then translated at the closing rate, along with 60% translated at the average rate whcih was a total of 18.3, and used this for the translation figure and the retained earnings, was this correct?
Also what the hell are you supposed to do with residual value? I just calculated the increase, increased PPE and retained earnings, was that correct?
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Part B is kind of hard, I don’t know what to write
Part A is just comfortable- Topics: 0
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Was the 40% operating expenses in dollar and 60% in dinar in question 1 anything to do with figuring out the retained earnings of the year for Stem? I did 100 post acq retained earnings, * 40% then translated at the closing rate, along with 60%
translated at the average rate whcih was a total of 18.3, and used this for the translation figure and the retained earnings, was this correct?Also what the hell are you supposed to do with residual value? I just calculated the increase, increased PPE and retained earnings, was that correct?
I don’t think so. I believe it was related to the a part of question 1. I may be wrong though.
To calculate depreciation you need to do cost minus residual value then divide by number of years right? So it had something to do with a change in the annual depreciation amount.Any body can give us his suggested answer about the exam in order to enable us to estimate our results earlier
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Does anyone know when ACCA publish the answers to June 11 exams?
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dont rush it, time will tell, chill out 😀
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Hi guys!
Section B was quite a challenging one. Q 4 was easy enough who used BPP as a preparational tool, but Q 2 & Q 3 had been really tricky ones. I chose Q 3, but later have realized that Q 2 was really easier to answer. Any ideas as regards Q3?- Topics: 0
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2011 june p2 section b is terrible
how di you deal with the bond issue?i did q2 and q3, q4 is bad and focus entirely on IFRS9, so it will be too narrow and it is easy to expose you do not have complete knowledge of IFRS 9/IAS 39
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As regards Q 3. Bonds waived by bond holders, I’ve answered that interest accrued is short-term, but principal is long-term. Because in Kaplan study text there were said if company negotiated overdued liability to be settled before FS are authorised to issue, then treat it as long-term again. Alexandra is obliged to pay INTEREST, not principal. I said that this is adjusting PBSE according to IAS 10. Anyway I’m not sure that this is right.
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consolidation was ribby hall and zain modofied and waow opentuitoin guess was almost 100%.i could nt manage time,only could attempt 68 marks but INSHAA ALLAH im very confidant about my success.
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part 2 is tough
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There is an answer provided for Question 1. Check it out here
I dont think it was an easy paper except consol. question.
All q2,3 & 4 were difficult and different from the routine pattern of ifrs/ias questions.I studied hard and practiced almost all Bpp kit questions several times. Also it was expected that FRS9/FRS1 will come but the information avaialble to me was too insufficient to tackle these questions.
I dont know how other students manage to study & attempt said topics so successfully.- Topics: 0
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I think Question 1 was fair the only problem i had was the other standards ,otherwise it was all good.
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SECTION B
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