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Folks,
Can anyone remember what came up in the September exam (int variant)? ACCA not publishing exam paper and it’s always good to know what came up in previous sitting.
Thanks.
Hi Ed I can help u only with Question one:
a) 11pt- business risk
you had to identify and discuss 5-6 risk: (i wrote about -Transaction in a foreign currency without a derivative financial instrument to cover the risk – a loan that that the entity was taking in relation to projected high gearing ratio and current ratio..liquidity / going concern … etc)
b) 8pt – 4 material misstatements (revenue recognition, foreign currency tranlation .. etc)
c)5pt – other relevant information needed (written repr.,agreement with supermarket …)
d)7pt Ethichal issues (gifts and hospitality when visiting foreign subsidiary)
4pt for professional briefing notes (date,from,to, subject, intro, conclusion ..)
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