DFS Part 2

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Can anyone remember what they wrote for the report I put all ratio calculations and a table of the actual ratios calculated, then went on to recommend how the ratios could be improved on by reducing receivable days and stock days is this correct, worrying I failed on this part?

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    sounds good to me!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    Thats exactly what I did, and thats exactly wht i'm worrying ha ha. I think as long as we showed we knew what we were talking about we'll be ok.

    Its an accounts an exam not an essay
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    Thankyou maybe now I can stop worrying part 1 i thought was very straight forward!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    Everything in part 1 bamnced or me so I'm going to be so wracked off if they fil me on. like i said before 'essay writing'.

    Lets pray together :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    I did post this earlier....I would appreciate your feedback. 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?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    I talked about research and development costs to in section 1 aslo in section 1 the other questions i talked about ias 27 consolidated accounts i sthis correct?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    Business combination were IFRS 3 but had a connection to IAS 27 consolidated accounts...again I too waffled on about combining businesses together....if over 50% of shares received then was IFRS 3 / IAS 27 but less than 50% was associated companies....just waffled!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:DFS Part 2

    I did the same so don't worry

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