[littlemiss94]

@Tony721 did you apply for membership this week or previous?

Ive follow your instructions and gone to the qualification tab but i dont have the option to apply for membership. Everything is showing as signed off for me so not sure why im not getting the option :/

[littlemiss94]

Ahh I just realised I kept saying audit risk instead of risk of material misstatement. Do you think I will be penalised for this:/

[littlemiss94]

Ahh what a disaster that was :/

Question 1
For the cashflow question I was confused with how the inventory, payable and receivables affect the cash flow. Did you guys increase or deduct it from the cash flow?

Question 4
I said it was debt as trade payable more for working capital. And this involved interest, also something about the credit in the bank decreasing so I said it sounded like a loan

And for the deffer3d tax question I was so lost as I wasn’t very strong in this topic

It would be miracle to scrape 50

[littlemiss94]

Do you remember which option was that?

[littlemiss94]

Oh yeah what did u answer for the creditors hierarchy. I got confused cuz it said descending order. I chose the first option cant remember what the order was

[littlemiss94]

For the 6 mark theory wacc question and five growth question I had no idea what to write

For the lease 4 marks question I said its good to choose leasing because they don’t have to pay emissions tax and with borrowing there gearing would go higher cuz if interest but leasing won’t. Doesn’t sound right but I was soo blank

[littlemiss94]

And for the wacc one I think mines was around 10%. Does anyone remember theres

[littlemiss94]

I didnt include tax for the lease one did u. It was soo hard. Im sure it was wrong

[littlemiss94]

Did anyone get a lease vs borrowing question in part c. I found that tricky

[littlemiss94]

Did anyone get a question where the company purchased a lorry in December the last month. For the capital allowance I time apportioned it so multiplied by 1/12. Not sure if that was correct

[littlemiss94]

for the 7million receivable did we have to deduct it in part b for the consolidated assets question

[littlemiss94]

yeah the intra group sales were 9m, i deducted that from both revenue and COS and then added the URP to COS. dunno if that was right :/

[littlemiss94]

Did anyone have the statement of p and l for section c. We didn’t have to time apportion it did we as it was over a year since they acquired?

I found the p&l question hard but the ratio one wasn’t bad

[littlemiss94]

@mainai92 wow thats pretty impressive! How many hours a day did you do in the two months and do you have any tips?

[littlemiss94]

Hi Kim

I have emailed the details over to John Moffat who will forward on to you. thanks for your help on this!

Haseena

[littlemiss94]

Thanks Kim, really appreciate your help

[littlemiss94]

I don’t have departments but the email address was info@accaglobal.com and the emails were signed of by Niamh on one occasion and Natalie on another. Im not sure of the names of the people who replied to my supervisor but he said it was a few different people.

I have the ticket reference numbers if that helps?

Thankyou!

[littlemiss94]

thanks for getting back Kim.

Yes I did and he set up his account but when he clicks on “go to the experience record to review and sign-off your trainees practical experience” the page fails to load.

ACCA said he hasn’t registered his work email address but he sent them screenshots of it being registered.

They then replied “Please accept my apologies for the previous information. Having looked into this I can see that you have not yet provided your IFAC membership details. This information must be added to allow supervisors to sign off their trainee’s experience. Once you have updated this you should have access to the sign off page.”

My supervisor then said he does not have a IFAC membership and Is only signing off time, would this be possible? They came back and said

“To sign off performance objectives, a practical experience supervisor should be a qualified accountant recognised by law in your country and/or a member of an International Federation of Accountants (IFAC) body. The do not have to be a qualified accountant to sign off time. ”

In there response they have said he doesnt have to be a qualified accountant to sign off time so im not sure what the issue is :/

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