[Frooti]

Thank you so much maam for all your help 🙂

[Frooti]

so what shall i say for 7% material or not?

[Frooti]

yes but i do it for my own sake so that i save time not opening requirement over again

[Frooti]

Thank you so much maam

[Frooti]

im getting confused what shall be written in audit risk is same as matters to be considered with accounting treatment or uncorrected misstatements. pls tell what could be difference among these 3

[Frooti]

ya but is there any chance that examiner would not give me professional marks that I would rather get if I had not written it.

[Frooti]

if i write audit procedure and at end write to confirm completeness. etc so will my marks be deducted as generally we will be writing briefing notes to bod and will it look non professional to write which assertion is being confirmed?

[Frooti]

nope

[Frooti]

if it says to explain will it be fine if lets say i write goodwill is $1m ( workings ) or shall I write no.s instead of workings?

[Frooti]

was fv of nci at acquisition already given in question as 0.1 m preference shares ?

[Frooti]

Yes on website i saw confirmation that exam is booked but didnt receive mail yet i tried mailing acca but didnt receive any response . Also on exam planner exam is booked in week2 . So its confirmed that week 1 exam was withdrawn and week 2 is rebooked?

[Frooti]

Can anyone tell what was there approach for revenue that had put options with it?
What was revenue amount recorded including put option or excluding it?

[Frooti]

why did you do 55 *140% as 40,000 were given by gov and 10000 were purchased i guess so shouldn’t it be 5*140%? also for inital 50000 were they considered as government grant?

[Frooti]

i saw disposal of subsidiary in question sika over there they have calculated profit just by taking whole carring amount why they didn’t do 12*15/60?

[Frooti]

Thank you 🙂

[Frooti]

Thank you

[Frooti]

Thank you

[Frooti]

revaluation gain is 15 and revaluation gain post tax is 12.

[Frooti]

Yes, but we do not consider investment for tax purpose but in this case, they have taken dep and are considering it for tax purpose as well.

[Frooti]

Thank you sir 🙂

[Frooti]

Please ans this query.

[Frooti]

Thank you sir

[Frooti]

Thank you sir

[Frooti]

yes , but when we do tax calculation the two methods give slightly different ans due to tax

[Frooti]

yes but im finding answer in exam kit a bit complicated, and even on internet i cant find relevant stuff

[Author]

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