@accaglobal_bot For Uzbek students https://t.me/accauzbekistana f5 https://t.me/f5performancemanagament f7 https://t.me/FRfinancialreporting f8 https://t.me/f8auditandassurance f9 https://t.me/F9FinancialManagment
For me Section C was ;
a consolidated P&L for 17 marks and explain control in consolidation for 3 marks ....
And Ratio analysis for 5 marks ( GPM,OPM,ROCE,Net asset turnover , Inventory holding period ) , and finaly comments on performance , position and cash flow for 15 mark
Did anybody get that?
Impairment
Disposal of asset
Depreciation
Tax
Legal charges (toxic materials)
Inventories
Many chapters like fair value, foreign currency, cash flow, etc didn't come. The main areas were Revenue, Government Grants. They asked many questions from there. A few from PPE like revaluation surplus, one or two from impairment. From section c consolidation, Operating, GP and ROCE were there. Also, single entity FS
Читать полностью…Section A and B
Leases
IFRS theory
Revenue recognition
Section C
Ratio interpretation based on disposal of subsidiary
Sopl preparation for single entity
Eps calculation
This time mcq questions were less
& jyada type in wale answers the
Section C mein
ZBB ke bareme pucha
& few benefits
Then in 2nd question transfer pricing question
Section A may ek question tha pricing chapter say usha answer kaun sa tha right price skimming or price peneratation
Читать полностью…Section C
Q1 decision package, zbb and benefit
Q2 trasnfer pricing under current and proposed
Then consequences
Section B
Throughput accounting
Advanced variances
Expected Value
No learning curve questions
Q2 was about employment income
A person has 2 options, either get a freehold house or car, calculate the most beneficial one
Freehold premises had annual value and purchase price given along with rent paid by the person
Section B
Life cycle costing
Pricing
Standard costing (variances)
Section C
Transfer Pricing
zero based budgeting
Overall, 24 marks for discussion of Section C. 20-Balanced scorecard. 4-CVP
Читать полностью…Section A
- lease
- conceptual framework
- consolidation
- theory mostly
Section B
- intangible assets
- PPE & Non current assets , IFRS 5
- revenue
Section C
- gain or loss on disposal
- single entity ( revised profit and prepare sofp )
- interpretation
Ratio for ( 4 marks )
- gross profit margin
- operating profit margin
- net asset turnover
- roce
And comment on performance
# subsidiary sale because of poor performance
From single entity, spl and eps. And from the ratio question it included disposal too. We had to calculate operating, gp and eps before disposal, also and after disposal. And then we had to analyse comparing before and after disposal.
Читать полностью…Life cycle costing
Pricing
Planning / operational variances
My set was easy I guess
Each & every question was similar
I only struggled with Section B’s pricing strategy set
Thought I had prepared well for that chapter still was not able to recollect
Section A: Mixed (Also of below topics)
Section B:
1) Almost 35 marks were of Substantive Procedures (Inventory, Cash, Legal Claim, Payables & Expenses, all of it)
2) 5 marks for components of Internal Control
3) 5 marks for effect on Audit Report
3) 5 marks for Corporate Governance
4) 4 Marks (Materiality & Performance Materiality)
5) 16 Marks (Audit Risk & Response)
This is 100% analysis of the paper of 1:30 Pm batch.
Hope it will help you.
F5 PM
Section A
ABC and Traditional costing
Pricing: Penetration
Make or buy
Incremental budgeting
Zero-based budgeting
Lice-cycle costing
High/low analysis
Material mix variance
Value for money
ERPS
Service characteristic
B Section
(i) Expected value
(ii) Advanced variance
Material planning and operational variances
(iii) Throughput accounting
TPAR
C Section
Q1 margin of safety
Average contribution/sales ratio
Limitation CVP
Q2 Balanced Scorecard (20mark)
There was a part related to CSOP shares
Asking that a person got csop shares at mv and planning to sell it on the same day, will there be a gain on it? As it is being sold on the same day
Q1 was IHT
Q2 don't remember exactly, but one part was for vat voluntary registration - company sells standard rated supplies
Q3 related to overseas
If there is an overseas PE and overseas subsidiary, what will be the tax implications for company, calculate corp tax
Overseas subsidiary pays dividend income, so implications for subsidiary and uk resident company