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Sir,
Looking at the mind of the marker and I’m stunned as the method he awards marks. He says mere explaining your calculations wouldn’t earn a mark. How do we then explain the calculation for example, goodwill and other instances. It’s quite confusing as writing too much or too little in other just to get a mark.
Also, my fear is that, what if one doesn’t know a part to a question and still goes ahead to write something, will that candidate be awarded a pass for at least attempting rather than not writing?
Lastly, when applying to the scenario, is increase and decrease of assets and the likes enough to get a pass?
1. In Q1 the accountant in the question will have made three or four errors – you need to explain why and how you have corrected those errors.
2. If you write RELEVANT KNOWLEDGE you will get credit.
3. Imagine you buy a brand a brand for cash. Saying:
Asset up Cash down – no credit
NCA up Cash down – no credit
Intangible NCA up Cash down – credit because it is specificHoping you have watched my exam debriefs as points like this are clearly explained there.
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