DFS done

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:09AM in AAT student discussion
Thank goodness only one more to go.<BR><BR>How did you all get on?<BR><BR>

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    Did ok except: never been shown gains and losses statement, how to work out cost of investment, or movement of shareholders!! And Balance Sheet didnt balance! Everything else ok. Am off to slap my finance teacher now!!<BR><BR>What did you think?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    That was a bit of a relief after mondays PEV! Luckily we did STRGL and movement of Shareholder funds yesterday at college - everything else on there was expected, I thought.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    what was the movement in share holders fund, i had closing fund of 34887, am i right?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    Cant remember - I took profit after tax, minus the dividend, plus the unrealised gain on revaluation, plus the new share capital issued. The 887 bit rings a bell though!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    <BR>Lucky you! I couldn't remember the STRGL at all, I thought I had the Movement of Shareholders' Funds right, but I just checked and that was wrong. We hadn't covered consolidation of an associate company at all, so I tried to work it out from what I remembered from the standard, and I couldn't remember whether the standard was FRS7, 8, or 9.<BR><BR>Apart from that, a lovely paper :-)<BR><BR>Ho hum - not going to lose sleep over it now, so I'll just have to wait until the results come out in August!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    would you take 25p or 50p to multiply the new share issued for the movement to shareholders fund<BR><BR>Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    50p - but i split for 25p share capital, and 25p share premium in my workings, but this wasn't neccessary as the Reconciliation only needed the total.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    got it.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    I have never done a rec for shareholder's movements. Is anyone using Osborne, if so where is it in there?<BR><BR>Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    Not a bad paper really, glad my bal. sheet balanced and cashflow was simple,<BR>I didnt have a clue on Gains/Losses and movement of shareholders and had to give up and leave blank, Our tutor never went over either in any detail - although for the length of section 1, I hope I didnt loose too many points.<BR>What accounting standard had a definition of 'associate', I put FRS2 Subsidary undertakings and blagged it! - Anyone else got a more sensible answer?<BR>Otherwise feel ok, roll on tomorrow lunch when PCR will be over too.<BR>Good luck to those sitting it tomorrow!<BR><BR>Elaine - Durham
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    I went on about FRS2, but not sure if it should have been FRS 9?!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    yes it was frs 9 but as long as you knew the definition etc i think it will be ok<BR><BR>how jammy am I, on the train on the way to the exam I realised i didn't know how to calculate the share<BR>of an associate that goes on the balance sheet so had ten minutes to look at it<BR><BR>Did everyone get 4750?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    DFS done

    uh oh, no i got 7750, what have i forgotten?

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