[Shivangi]

Sorry! Sure, will do. ??

[Shivangi]

Employee time spent filing in their time sheets
$600
Time taken by staff to input data into production system
$900

^These both say the same thing in different words and numbers. The time taken by staff to input data has nothing to do with the actual action being input of data. It’s only a measure of the time taken to the input the data in terms of some $cost.

Storage of sales information no longer needed
$400
^That’s like the cost of holding inventory that isn’t going to be sold anyway.

Use of barcodes and scanners to record inventory
$200
There’s your answer. A type of data input where there no there is no data entry like staff typing in stuff (for others). So readers- scanners/barcodes that capture data (like taking a picture of a road as opposed to drawing or writing a map) are a form of direct data capture.

*There’s a bit of confusion which comes from this extended meaning of direct data capture which is from this older exam question- https://opentuition.com/topic/information-cost/

[Shivangi]

That’s a bit terrifying to hear :O … particularly because I’m likely taking this exam at the same centre as you did for March 2020.

Are there some exam centres in London which are more preferable than others?

I hope you it works out for you and you aren’t forced to retake it!

(If you are, do push for maximum compensation and adjustments convenient to your timetable. Perhaps, on a positive look, redoing it could get you an even higher score, and more understanding of the subject that would transfer over when you give the professional papers).

[Shivangi]

Thanks for clearing that up and for your prompt reply! Your lectures are really comprehensive and clear 🙂

[Shivangi]

“As far as the tax timing in general is concerned, then if there is a one year delay in tax then the rule is:
If there is a flow at the start of a year then the tax effect is 2 years later.
If there is a flow at the end of a year then the tax effect is 1 year later.”

So effectively, would the calculations for both flows (start 1st Jan/end of year 31 Dec) be calculated at the same time?
For example, Time 2/The end of the 2nd Year for a cash flow occurred at the start of the first year and also for a cash flow occurred at the end of the first year, when there is a 1 year delay/arrear.

I got a bit confused at the last part of the lecture.

[Author]

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