FAE September 2013

Lol2013 · 26-08-2013 03:38PM

GreenPen wrote: »

Thanks Lol could not for the life of me figure that out.

Really appreciate it

No probs.

I thought it was a really weirdly phrased ABC question. I prob still wont be able to calculate it even now

GreenPen · 26-08-2013 03:38PM

Lol2013 wrote: »

No I meant the compilation engagements in the technical handbook

This picture might be of some help

Lol2013 · 26-08-2013 03:39PM

Wow guys how do these people calculate gearing and interest cover.

My answer is always diff to the one in the solution e.g swetter gym and global tech

Lol2013 · 26-08-2013 03:41PM

GreenPen wrote: »

This picture might be of some help

WOW THANKS very much just what I needed

so_bored.com · 26-08-2013 04:06PM

Hi guys has anyone done sim 2 in the 2010 paper.. Organic beef co ltd?
Can someone tell me how they are working out the future earnings?
I get the 1st year increasing by 40% but cant work out where the figures for years 2-5 are coming from?

walshing · 26-08-2013 04:11PM

i cant remember, and i dunno is it do that specfic piece but i think someone said organic beef solution was wrong somewhere

Dmac_Aca12 · 26-08-2013 04:17PM

Ya the guys in chartered grinds school said it was just a complete translation error from fig in another question but that end results are right I think

FAEalltheway · 26-08-2013 04:22PM

Has the exam format changed since the likes of Tidy Homes, it doesnt seem half as clear as what it is now to indetify what the examiner is looking foor. Plus in 2010 there where 21 indicators 2011 19 2012 indicators 17 indicatores. Surely they have realised if they what conclusions and recommendations cant ask lots of indicators? Any thoughts on this or did anyone pick up from lectures that FAE has evolved to the desired level or could they revert back to 2010 standard.

Dmac_Aca12 · 26-08-2013 04:23PM

Ya there used to be 3 sim cases on second paper and this year they reduced it down to 2

walshing · 26-08-2013 04:23PM

so_bored.com wrote: »

Hi guys has anyone done sim 2 in the 2010 paper.. Organic beef co ltd?
Can someone tell me how they are working out the future earnings?
I get the 1st year increasing by 40% but cant work out where the figures for years 2-5 are coming from?

i had this saved near the answer-might answer ur question

Farm Profits 154,932
Year 1 2 3 4 5
Increase 40% 8% 8% 8% 8%
Profit Increase 61,973 66,931 72,285 78,068 84,313
Saving 40,000 40,000 40,000 40,000 40,000
101,973 106,931 112,285 118,068 124,313
Average 112,714

50% Discount 16.5*50%*112,714 929,890
30% Discount 16.5*70%*112,714 1,301,845.98

myshirt · 26-08-2013 04:24PM

Ron, you have a point.

I wonder is there any value in taking something to deliberately slow down the digestive process.

Maybe there is.

Something like that would be horrible to happen. Must get the diet 100% in the run up here.

Also, need to get into fapstronaut mode.

Lol2013 · 26-08-2013 04:31PM

Who thinks there is a chance of issues like CAT and AGRI-RELIEF coming up

so_bored.com · 26-08-2013 04:34PM

walshing wrote: »

i had this saved near the answer-might answer ur question

Farm Profits 154,932
Year 1 2 3 4 5
Increase 40% 8% 8% 8% 8%
Profit Increase 61,973 66,931 72,285 78,068 84,313
Saving 40,000 40,000 40,000 40,000 40,000
101,973 106,931 112,285 118,068 124,313
Average 112,714

50% Discount 16.5*50%*112,714 929,890
30% Discount 16.5*70%*112,714 1,301,845.98

Thank you that was the figures i had, when i looked at the solution i couldnt understand where theres was coming from

FAEalltheway · 26-08-2013 04:54PM

yeah but with it moving to only 2 sims does that mean they might ask 5/ 6 indicators in each or am i correct in thinking the paul said max that he could write in the mock was 9 so therefore exam will be 9?

WeeDeee · 26-08-2013 05:21PM

FAEalltheway wrote: »

yeah but with it moving to only 2 sims does that mean they might ask 5/ 6 indicators in each or am i correct in thinking the paul said max that he could write in the mock was 9 so therefore exam will be 9?

max 5 indicators on sims 9 on comp

upnorthchick · 26-08-2013 05:21PM

myshirt wrote: »

Ron, you have a point.

I wonder is there any value in taking something to deliberately slow down the digestive process.

Maybe there is.

Something like that would be horrible to happen. Must get the diet 100% in the run up here.

Also, need to get into fapstronaut mode.

What's fapstronaut mode?

upnorthchick · 26-08-2013 05:27PM

How long are you all spending on planning your answers?

Tricky1979 · 26-08-2013 05:39PM

hi, just did the 2013 mock sim 2 which includes the revenue errors. I know there has been discussion here on revenues before, but do ppl find the likes of the j/e's in this solution understandable not to mention obtainable in the exam?

just want to see am i alone in thinking that i'm goosed if difficult j/e's come up! ta

walshing · 26-08-2013 06:02PM

Tricky1979 wrote: »

hi, just did the 2013 mock sim 2 which includes the revenue errors. I know there has been discussion here on revenues before, but do ppl find the likes of the j/e's in this solution understandable not to mention obtainable in the exam?

just want to see am i alone in thinking that i'm goosed if difficult j/e's come up! ta

same i was reading that solution for ages, trying to figure what they on bout! generally had what they wanted in bout 6 lines instead of two pages!

ya, journals............ am i right in saying that journals will be harder next week than in the aarfp in april?

GreenPen · 26-08-2013 06:05PM

Can anybody tell me roughly what is needed to get depth in BL/PM??

I am confused as to how much is needed for these subjects

walshing · 26-08-2013 06:16PM

i found these , but i think they need updating

upnorthchick · 26-08-2013 07:20PM

Stopped over an hour ago and cannot seem to get back into it! Emmerdale is more appealing!

so_bored.com · 26-08-2013 07:21PM

upnorthchick wrote: »

Stopped over an hour ago and cannot seem to get back into it! Emmerdale is more appealing!

Anything is more appealing at this stage lol

WeeDeee · 26-08-2013 07:23PM

so_bored.com wrote: »

Anything is more appealing at this stage lol

I seem to be getting less productive as time goes on..

upnorthchick · 26-08-2013 07:25PM

so_bored.com wrote: »

Anything is more appealing at this stage lol

Lol too right! I'll try something soon. Emmerdaleis hilarious

Mark1916 · 26-08-2013 07:26PM

Some bollo**s has decided that at this very time he is going to begin cutting silage cue heavy machinery noises! That's me done so! Off to watch Chelsea and United

Lol2013 · 26-08-2013 07:53PM

Can someone please explain this whole issue of Earnings cap of €115K. I'm not sure I understand. Is it the same as spreading the pension over a certain amount of years

walshing · 26-08-2013 08:04PM

Lol2013 wrote: »

Can someone please explain this whole issue of Earnings cap of €115K. I'm not sure I understand. Is it the same as spreading the pension over a certain amount of years[

deductible pension is based a % of your earnings depending on ur age. so can only get a deduction for pension to a max earnings of €115000 per year , so 115000*40% =€46k, (thats if your over 60)this is the max deduction u can get in a year! the % depends on your age,so if u earn €150k in a year, your 60 and your pension contribution is 60K, your only allowed 46k deduction in your tax return and u can carry forward the unused credit to the next year.

sorry bad at explaining

so_bored.com · 26-08-2013 09:59PM

Very quiet on here tonight! Is everyone feeling drained.. Like myself

Lol2013 · 26-08-2013 09:59PM

walshing wrote: »

Lol2013 wrote: »

Can someone please explain this whole issue of Earnings cap of €115K. I'm not sure I understand. Is it the same as spreading the pension over a certain amount of years[

deductible pension is based a % of your earnings depending on ur age. so can only get a deduction for pension to a max earnings of €115000 per year , so 115000*40% =€46k, (thats if your over 60)this is the max deduction u can get in a year! the % depends on your age,so if u earn €150k in a year, your 60 and your pension contribution is 60K, your only allowed 46k deduction in your tax return and u can carry forward the unused credit to the next year.

sorry bad at explaining

Got it thanks very much

FAE September 2013

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