alanhporter wrote: »
I found it a bit different to the other papers I practised. Q1 seemed odd as I could not find a closing balance in the PLCA. Other bits went OK, I got stuff to balance especially in section 2.
I thought the wording was a bit odd, especially the depreciation question, it seemed to ignore the new purchace of fittings for £4200 so that needed £630 depreciation to be added in (4200 X 15%).
Oh well long wait until August 17th.
I have passed all the other elements so just this to go.
Anyway good luck everybody, if a lot screwed up it changes the bell shaped distribution curve & hence the pass mark.
Enjoy the summer
Andypandy wrote: »
Lispre, my bosses (all chartered) knew that things didn't go well for me when I got in this morning. I'm 38, and had a good cry last night too because part 2 went all wrong. They said that they've never met an accountant yet that passed all their exams first time, & if the board were looking for 75% of correct figures to pass us, 'there'd only be as many accountants as brain surgeons.' I think failling the odd exam is all part of the course (if you know what I mean), & I feel I'm just being tested on my resolve to stay with it now, & not give up. We all need to keep our chins up.x
EYMatt wrote: »
I completely ballsed this up too.
Trial balance didn't balance, my calculations for the disposal were all out because I missed the purchase of new fixtures and fittings, my balance sheet didn't balance and last but not least I forgot about goodwill! Haha!
I'd prepared for a prepayment or accrual t account, or a lengthy fixed asset disposal/part exchange in the same style they have been in past papers. But alas
Methinks I'll be doing that one again