malistheman wrote: » Don't think I've seen that at all either, presume its changes in equity for question one?
thefox1982 wrote: » No it is for question two, consolidated statement of changes in equity. We did it in the last lecture with Margaret instead of Michael
malistheman wrote: » Yeah I remember that now!
shanmo wrote: » What q is this please?
vikings2012 wrote: » Hey everyone! Hope the exams go well for all of you! Just wondering how everyone is sorted for the exams at this stage? I think I will be okay for Audit and SFMA. However, I feel like I am after forgetting loads of information for tax and FR!! Which is worrying! Are any of ye still learning new content at this stage? or are ye just practicing exam papers! Thanks
thefox1982 wrote: » The question that Margaret did in class was Q1 in the question pack for session 19. However, this question did not asked for a CSOCE, she did it as an add on. It is very straight forward. I could give you my notes in that session if you want so you can see how it was done
thefox1982 wrote: » I have done at least 6 past exam papers at this stage for each module. I plan on doing like a live past paper for each at the weekend for time wise and then again the day before each module. I feel that I am okay with Tax as it is the same reliefs that come up. If I do get caught out on something trivial, its only two or three marks, so I am not worrying too much about the overload of information there. Audit and FR I seem to be grand about. Deferred tax and construction contracts are catching me out at the moment. Gonna concentrate on them and a consolidation FX tomorrow. SFMA - I seem to be grand on the calcs. A lot of writing involved in this and find that I might suffer on the theory element. Anyone else feel the same?
shanmo wrote: » Also, by any chance can anyone please explain the treatment of the issue costs for financial instruments I can't figure out when you add or subtract them. Thanks.
malistheman wrote: » I'm only doing FR and SFMA (modular basis) and am finding it a bit tedious too. I do find my knowledge improving with each question I do though. I'd agree on SFMA, any tutorial I've seen really points out that SFMA is only 50% calculations and the other half is theory. So really if you apply the information we have from notes etc to the information in the question you should pick up a good amount of the marks. FR is just a matter of keeping at questions over the next week for me anyway. Have to look over consolidation a little further but also wary that it's typically only 25% of the paper and that nailing question 1 adjustments can get you 3/4 of the way there.
thefox1982 wrote: » Attached are the notes from session 19. On page 3 you should see the consolidated SOCE. In relation to the issue costs, they are capitalised, so they are added to the amount of the instrument. The tricky thing about this question is working out the amortisation amount. If you look at my notes on the standards on page 32, I put in a past paper question that shows how to deal with this question. To be honest, any time I have seen it come up they are exactly the same, just the numbers are different.
shanmo wrote: » Thanks very much
thefox1982 wrote: » I just came across a question that has the consolidated changes in equity. Summer 2012 question 1. It deals with two subs, one being an FX and one acquired during the year. One of them was bought with using shares. It is a good question and if you can do this you will be grand in the exam!
123moose wrote: » Feeling extremely overwhelmed at this stage! So much I need to look over but so little time. Just wondering is everyone just doing exam paper q's at this stage for study? Can't wait to just get them done at this stage!
Ponyface wrote: » Anyone feeling completely wrecked at this stage? Really struggling to do any study! Also have a tax question, in the case v Comp isn't only 75% of loan interest allowed as a deduction? However, all of the solutions deduct the full amount, e.g. Aut 16 q1. Can someone clear this up for me?
shanmo wrote: » Yep I sure am! At this stage I'm so tired and just so fed up wit it. Struggling to find any motivation for any of it now. I don't know but is it something to do with a difference between commercial and residential?
Ponyface wrote: » Yes I think your right, the 75% is residential only! Still only a week to go and then we can chill and not feel guilty for the lack of study!!😂
vikings2012 wrote: » Hey guys, Just wondering you know for question one on the fr paper. Are you allowed to write your workings on the face of the accounts? Like usually after every working I write my adjustment on the face of the accounnts e.g. Revenue (300+25-10)......... 315. Is that permissible? Worried about fr... I've complete the last 8 exam papers and I've studied all standards well bar 11,2,17 and 19. Btw are ye study a bit of everything for all the exams every day or are ye just focusing on one exam per day? Thanks
McGaggs wrote: » Can anyone tell me which hall in the RDS the exams are on and where the parking is? My first exam is tomorrow and I'm starting to stress about the little things.
thefox1982 wrote: » It's in simmonscourt. It's where funderland does be. It's be on in Hall 8c the past two days. There is parking at the hall too. I think it's €6
