[amankaur]

Hi Kim,

Thanks for the reply. I’ve checked everything contact details are correct and no email in spam.

I even called them up today but the service agent didn’t know about them ?!

I guess, some of us don’t receive that little perk ahaha…

[amankaur]

PASSED!!! 53% Even with remote exam disruption & then having to sit the rest of my exam on my 13inch laptop!!

EDIT: Thank you Open Tuition!!! I’m now a qualified accountant!!! Xx

[amankaur]

I had this issue too!. You just wear the mask over you mouth put it below your nose whilst at the desk doing the exam for future! They can’t make you put it up, as it’s a funcional issue, glasses steam ergo can’t see.

[amankaur]

passed with 53% Thanks OT!! The lectures really helped. Aaaand I had a bunch of issues at the center and the night before so, extremely happy I managed to pass! Still in such shock… I had written it off and was planning on getting up at 5am to book my retake center.

Love you OT xxx

[amankaur]

First attempt 63%I honestly thought I’d failed !!! week so happy!!

[amankaur]

t a board meeting in June 20X3, Neutron Co’s directors made a decision to close down one of its factories by 30 September 20X3 and market both the building and the plant for sale. The decision had been made public, was communicated to all affected parties and was fully implemented by 30 September 20X3.

The directors of Neutron Co have provided the following information relating to the closure:

(1)

Of the factory’s 250 employees, 50 will be retrained and deployed to other subsidiaries within the Neutron group during the year ended 30 September 20X4, at a cost of $125,000. The remainder accepted redundancy at an average cost of $5,000 each.

(2)

The factory’s plant had a carrying amount of $2.2m, but is only expected to sell for $500,000, incurring $50,000 of selling costs. The factory itself is expected to sell for a profit of $1.2m.

(3)

The company also rented a number of machines in the factory under operating leases which have an average of three years to run after 30 September 20X3. The present value of these future lease payments at 30 September 20X3 was $1m, however, the lessor has stated that they will accept $850,000 if paid on 30 October 20X3 as full settlement.

(4)

Penalty payments, due to the non-completion of supply contracts, are estimated to be $200,000, 50% of which is expected to be recovered from Neutron Co’s insurers.

[amankaur]

@P2-D2 said:
Hi,

I’ve not got the question to hand but it looks like the factory has not yet been sold and it is therefore not prudent to recognise the profit on disposal until the actual sale has taken place.

Thanks

\

Hi P2-D2 But The plant hasn’t been sold yet either just expected… would you like me to paste in the whole scenario?

[amankaur]

@ebont said:
The invigilators drove me insane, one guy went to toilet and came back and his exam was gone, so had to cope with stressed invigilators next to me muttering!
Also found that I had about an hour left at the end, as the questions I didn’t know I just guessed with bullet points that may or may not be worth a mark!
Seemed to be so many questions on substantive procedures, I felt like I was repeating myself over and over again.
Corporate governance question with parts i) and ii), I left blank!

OMG you had the same experience as me! i don’t know why the Invigilators are so stressy when everyone’s sitting the exam, there’s literally not much for them to do. ><

[amankaur]

OMG you had the same experience as me!

[amankaur]

I finished the questions but that’s because I mind blanked on most of the substantive test questions. ><

[amankaur]

Mate! YES! But you get used to it when you start typing, the invigilators did it for me! They kept talking amongst themselves sooo distracting!

[amankaur]

Oh Ok. Thank you SO much!!!

So would you say you get qualified except for opinions for these questions most of the time? I just did another one where the misstatement was material but not pervasive according to your answer and it was correct!

[Author]

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