ratios

This topic has 6 replies, 2 voices, and was last updated 6 years ago by Kim Smith.

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December 2, 2018 at 6:57 pm #486833
vavneetb
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Is there a chance of ratios -audit risk question in the exam?
December 2, 2018 at 10:14 pm #486857
Kim Smith
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There is a risk of anything examinable coming up – otherwise it would not be in the syllabus. All the FA (F3) ratios are assumed knowledge.
December 3, 2018 at 1:10 pm #486936
vavneetb
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Sir there was a question in exam- Discuss the procedures regarding going concern weather or not the company is going concern.
I just mentioned the procedures but I haven’t mentioned weather or not bit.
Will I get any marks?
December 3, 2018 at 1:24 pm #486937
Kim Smith
Keymaster
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Yes – because “or not” is superfluous – for example, “did you pass this exam?” is the same as asking “did you or did you not pass this exam”?
December 3, 2018 at 1:26 pm #486939
vavneetb
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Okay. Thanks
December 3, 2018 at 1:36 pm #486941
vavneetb
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One more question
There was one question regarding subsequent event. It says will you account it or disclose it.
What is the answer disclose or account?
December 3, 2018 at 1:55 pm #486943
Kim Smith
Keymaster
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See Chapter 26 of the notes – it would depend on whether the event was adjusting (i.e “account for”) or non-adjusting (i.e. “disclose”). This is assumed knowledge of FA (F3).
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