[tosino]

Hi,

On 12th Jan I paid £122 for student membership for the year, today I passed my last exam (16th Jan). All PER, ethics and objectives are completed and I’ve applied for membership. Do you know if I will get partial refund on the student fee I paid or will I have to pay an additional £258 to be a member?

[tosino]

Keep your head up! Take the time to be upset, learn what went wrong and try again, good luck!

[tosino]

I said that artwork shouldn’t be capitalised as PPE since it’s not part of the running of the business (car sales business) , it’s probably just a fixture and no deprecation is needed. Should be reclassified out of PPE, also said audit partner should know this and allowing this misclassification is wrong and should be rotated off audit as he’s been the partner for over 7 years and should be go for training

[tosino]

My paper was:

1: home appliances company
Business risks
ROMM
Audit procedures
Role of audit committee in regards to external audit

2:
Pensions
Ethics and professional issue

3: Faraday co
Quality management
Ethics and professional issues

[tosino]

jaiyecoker wrote:In my too. It was 10% of revenue. I think I missed the part when they said you did not have to release it back on the fourth year.

Yes the question said do not release it back

[tosino]

I remember seeing 2.1%. Since it was a payment , you deposit first and then borrow. the 2 rates used were 2.1% and 2.2% if i remember correctly

[tosino]

My paper

Q1 50 marks
1. NPV of project a
2. Npv of project B before offer from another company
b. NPV of project B after offer from another company
3. evaluate and discuss financial assumptions and which project they should pick before BOD concerns
4. discuss and explain BOD concerns and how company should proceed

Q2 25 marks
1. calculate before acq value of 2 companies (5 marks)
2. calculate and discuss value of combined company (5 marks)
3. evaluate whether company b will accept offer why company a (3 marks)
4.what factors competitions authority consider when deciding on company a’s acq (7 marks)

Q3 25 Marks

1. multilateral netting and briefly discuss main advantage (9 marks)
2. MMH and Forward (4 marks)
3. explain how centralised treasury will help with companys cost cutting strategy, and the advantages of a decentralised treasury function to help with the issues the company is facing (7 marks)

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