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CAP2 Repeats 2012

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Comments

  • Registered Users, Registered Users 2 Posts: 36 national express


    Can't believe what I just realised. I did question 1 as if it was acquired in April 2011.

    I knew I read something wrong in the information :(

    Just thinking though. That'll effect the SOCI, but it shouldn't effect the NCI or Retained Earning by too much. I still used the 2007 balance sheet to calculate post acq stuff etc.

    How many marks do you think you're looking at losing for doing something like that?


  • Registered Users, Registered Users 2 Posts: 955 ✭✭✭The Phantom Jipper


    Nermal wrote: »
    Think I worked out during the SOCE that 15K shares were in issuance for 9 months, then 20K for three months after that, so it's the weighted average of that isn't it?

    Exactly, plus you multiply the (15k * 9/12) part by 5.75 / whatever the TERP thing was?


  • Registered Users, Registered Users 2 Posts: 955 ✭✭✭The Phantom Jipper


    Can't believe what I just realised. I did question 1 as if it was acquired in April 2011.

    I knew I read something wrong in the information :(

    Just thinking though. That'll effect the SOCI, but it shouldn't effect the NCI or Retained Earning by too much. I still used the 2007 balance sheet to calculate post acq stuff etc.

    How many marks do you think you're looking at losing for doing something like that?

    They'll trace your original mistake around the paper so you'll only lose a few here and there, wouldn't beat yourself up over it anyway.

    Im gonna bung all the FR crap in a cupboard and just forget about for as long as possible. No point torturing ourselves over a few mistakes made in the heat of the moment.


  • Registered Users, Registered Users 2 Posts: 1,298 ✭✭✭srm23


    Exactly, plus you multiply the (15k * 9/12) part by 5.75 / whatever the TERP thing was?

    i didnt do TERP, it asked for the basic EPS, TERP would be diluted EPS i think?


  • Registered Users, Registered Users 2 Posts: 36 national express


    I used TERP too. Anyone know if that's right or wrong?


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  • Registered Users, Registered Users 2 Posts: 146 ✭✭HeinekenTicket


    I used TERP too. Anyone know if that's right or wrong?

    It's right. TERP required for basic EPS calculation.


  • Registered Users, Registered Users 2 Posts: 142 ✭✭Tricky1979


    Hi folks - which company did people choose as the best investment option in Q4?

    I can't remember the names but I went for the middle one as I felt the first and third were too highly geared.


  • Registered Users, Registered Users 2 Posts: 38 ChartAccount


    does anyone have audit notes for cap 2....The accounting grinds scool ones. I have interim exams soon. Thanks


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