Dfs!!

HillsR

Hey guys,

For the report on the cashflow, I said that the cash had increased due to an increase in debtors and inventories and a decrease in creditors, along with an increase in interest paid because of the loan and an increase in tax because of the increase in profits. Is that enough? I didn't explain WHY the increase in debtors and inventories and a decrease in creditors causes the decrease in cash - do you think I would fail because of that?

I think I did everything ok apart from that, except for the equity question. As it only asked for brief notes to say about the changes in equity, I only said "The equity has increased due to an increase in shares issued and an increase in profit for the year and retained reserves." Is that enough? I'm really worried!! :huh:

HillsR

acky2106

will be fine. We always get told to just answer the question and nothing more. The question did ask write brief notes

HillsR

You really think the answers to those two questions would be ok? Did you put a similar answer for those two questions?

peugeot

Hi,

This question has come up before (June 2007). As long as you commented on the reasons for the increases/decreases (for example increases in interest paid was due to the increase in the loan during the year you will be fine. As long as you said why something increased/decreased you've done what is asked (which is what you have done).

The June 2007 model answer offers explanations why trade receivables and inventories have changed from the prior year, but if you missed that bit I wouldn't worry about it - you've done everything else.

Kind regards
Steve

TonyW

Hi everyone,

I'm attempting to revise for PCR tomorrow, but can't stop thinking about this bloody DFS exam!
I'm panicking that I misread the Cash Flow statements. I based my entire report on the fact that the given cash flow from operations was lower in 2008 than in 2007. Is that correct? I'm worried that I got the years the wrong way round.

Good luck to everyone for tomorrow.


Tony

d1aneb

Tony,

The net cash from operating activities was lower in 2008 than 2007 so I'm sure your answer is fine.

TonyW

Thanks for your reply d1ane.

I thought I'd done it right, but its easy for doubt to start to creep in! (I have managed to get the years the wrong way around in a textbook question before)

My consolidated BS didn't end up balancing, but hopefully I should still scrape a pass.

Tony

mahdi87

tony is cool i think i done exactly the same answer loool

stevo1

Thought it was fairly straightforward, was relieved when the ratios we had to do were simple, I was thinking they'd slip in a gearing ratio or something I hadn't really worked on...

All my BS's worked and cashflow reconciled so on the whole very confident about this one.

Didn't really work too much on the theory questions about standards so hopefully I blagged my way through those questions!!!

Hope everyone else did ok!!!

HillsR

Thanks for that Peugeot, I feel much better about it now :-)