Paper F1 Dec 2010 exam was

yes it was ok … not so hard….
i wud like to ask wats the relevant duty for procurement manager…

i did JIT for rawmaterial inventory?

It was okay. I chose JIT for raw material inventory too.

I think it is not bad, easier than i thought, and nothing tricky. looking forward to be over 80%.

it was okay.i chose false for IAS and IFRS

@alisharifazadeh said:
Hi,

I think the paper was OK, but harder than I imagined.

Regarding the ‘relevant duty for procurement manager’, I chose the JIT system, because all the other options were unrelated to ‘procurement’ whatsoever.

Regards

@alisharifazadeh said:
– About a question on ‘supra-national legal authority’, the correct answer was WOT or an accountancy body?

– About IAS and IFRS, was it true or not? Since it said the IASs ‘are being added’ to IFRSs, I thought it should be wrong.

– About ‘team briefing’, which was the correct answer?

– About audit, the responsibility falls on whom?

Thanks

hi, i think for audit it is responsibilty of board of directors, if i remember the options then this one is true

The exam was fair.who knows the answer to this question,”what type of unemployment arises from a permanent fall in demand of a coy’s goods.” is it structural or cyclical unemployment.

@akunme said:
The exam was fair.who knows the answer to this question,”what type of unemployment arises from a permanent fall in demand of a coy’s goods.” is it structural or cyclical unemployment.

Hi,

If you mean the question which appeared in F1 exam, it is ‘structural’.

Regards

@pritishamnani said:
hi, i think for audit it is responsibilty of board of directors, if i remember the options then this one is true

Hi,

Yes, there was an option which said: ‘board or a board committee’ and I chose it. I chose at first the choise which said: ‘senior non-executive director’ but changed my mind after a few mins.

Also about ‘manipulating the dpereciation amount’ (Question 1), which one was correct as a consequence of coming it to light? I chose ‘prosecution of directors’.

Regards

while i also chose JIT for procurement and responsibility and stuctural unemployment.Are these the collect answer?

hi about the function of AUDIT TRAIL can someone tell me the answer?

@alisharifazadeh said:
Hi,

If you mean the question which appeared in F1 exam, it is ‘structural’.

Regards

i appeared in cbe F1 this month.
this one is tricky question.. i dont know situation
it will be structural if industry revolution is involved
it will be cyclical if no specified reason identified other than demand

@jameelsjbn said:
i appeared in cbe F1 this month.
this one is tricky question.. i dont know situation
it will be structural if industry revolution is involved
it will be cyclical if no specified reason identified other than demand

the industry was specified in it…. i also choose structural