DFS
System
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Firstly I thought the paper was a nice paper to sit. Was similar to the practise paper and didnt have too many IAS numbers to remember.
Section 1 was fairly straightforward and I balanced on all tasks...only questions I wasnt too happy with were the Intangible Assets? I just waffled about goodwill and Research and Development being Intangible. Also in section 2 I was taught net profit was profit after finance costs but before tax over Revenue %. I did the calculation for this and did another based on profit from operations to cover my ass......can anyone confirm the correct ratio to have used? Also was the answers meant to be in percent or ratio form? It asked for ratios but I did percentages....a colleague did it in ratios? :roll:
Section 1 was fairly straightforward and I balanced on all tasks...only questions I wasnt too happy with were the Intangible Assets? I just waffled about goodwill and Research and Development being Intangible. Also in section 2 I was taught net profit was profit after finance costs but before tax over Revenue %. I did the calculation for this and did another based on profit from operations to cover my ass......can anyone confirm the correct ratio to have used? Also was the answers meant to be in percent or ratio form? It asked for ratios but I did percentages....a colleague did it in ratios? :roll:
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Re:DFS
Hi,
Yes intabgible assetts made me think - I waffled goodwill and trademarks?????
Ratio is one of 2 I believe PBIT or PBAT
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Re:DFS
So it wouldn't matter which one I suppose so you will be fine - I got lost a bit on association in business aghhhhhhh0