I defo think I'll be re-sitting, totally messed up the journals which made my balance sheet & income statement incorrect - it got so bad that I put a suspense line in my balance sheet just so I could balance it up!!
I defo think I'll be re-sitting, totally messed up the journals which made my balance sheet & income statement incorrect - it got so bad that I put a suspense line in my balance sheet just so I could balance it up!!
Consolidation Balance sheet was fine
Cashflow statment was also a disaster :-(
Section 2 however wasn't too bad
Good luck to everyone else though!!
hey if you had the knoledge to put a suspense in that will not be too bad .as i had to do that last year and they past me ...
i wrote the definitions of assets and liabilities. and i also explained the difference between current ones and non current ones. What else could they expect us 2 write about them?
Yep I wrote the definitions but said that currents assest were easier to turn into cash,
and current liabilities were short term rather than long term,
not sure if that will get any credit or not:001_smile:
i wrote the definitions of assets and liabilities. and i also explained the difference between current ones and non current ones. What else could they expect us 2 write about them?
Thats exactly what I did. I couldn't recall seeing a seperate section in our textbooks about 'current' assets & liabilities over ordinary ones.
I did the definition & said either will be turned into cash/paid in under one year.
Yep I wrote the definitions but said that currents assest were easier to turn into cash,
and current liabilities were short term rather than long term,
not sure if that will get any credit or not:001_smile:
yea i said how current is more the short time. i.e less than a year etc and game some examples
I also wrote the IAS's definitions of assets and liabilities which I luckily scrawled down as soon as we were allowed to write so i didnt forget it! Gave examples of current and said these are due/payable within one year.
Didnt think it was too bad, a lot nicer than some of the past papers! :001_smile:
Comments
thats a bit hard to tell how that went:001_smile::001_smile:
Consolidation Balance sheet was fine
Cashflow statment was also a disaster :-(
Section 2 however wasn't too bad
Good luck to everyone else though!!
Haha, I'm just praying for these answers to come up to confirm my thoughts!! :crying:
hey if you had the knoledge to put a suspense in that will not be too bad .as i had to do that last year and they past me ...
Hmmm....I really don't think it's likely though, I really did mess it up :001_unsure:
i quoted the IAS i.e. definition of an asset and definition of a liability and then gave examples of each. Wasn't sure what else to do :S
and current liabilities were short term rather than long term,
not sure if that will get any credit or not:001_smile:
I wrote them on my eraser !
Thats exactly what I did. I couldn't recall seeing a seperate section in our textbooks about 'current' assets & liabilities over ordinary ones.
I did the definition & said either will be turned into cash/paid in under one year.
Current Liabilities - was things company owes, which are likely to be paid within the current year
yea i said how current is more the short time. i.e less than a year etc and game some examples
Unfortunatley I'm in derby so might be a bit too far!!
I got 85278 for consolidated balance sheet!! :thumbup:
85278 was the balancing figures on the consolidated balance sheet...well thats what i got!!
Didnt think it was too bad, a lot nicer than some of the past papers! :001_smile:
2 down 1 more to go!
Yep got those figures -