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    • liz72
      liz72 Registered Posts: 4 New contributor 🐸
      DFS - consolidated balance sheet

      Me too.

      Had no problems with the journals income statement or balance sheet. Cashflow statement all reconciled and the section 2 report comments seem ok enough.
      However with the consolidated balance sheet I didn't manage to balance the equity section (Net assets came out at £85K pretty sure top half was ok).( I did something silly with the retained earnings and didn't have time to correct).

      So yes ..... does anyone know if this is a fail?
    • ccreaven
      ccreaven Registered Posts: 119 Dedicated contributor 🦉
      report?

      can anyone remember if the question where we had to advise to continue to invest or not was just a quick answer or a report?:001_unsure:
    • sloshed
      sloshed Registered Posts: 100 Dedicated contributor 🦉
      Hi

      Can I just offer some reassurance about passing the exam. When I sat DFS a couple of years ago I did not get the consildated balance sheet to agree nor did my cash flow and I still passed.

      So do not get yourself down with worry. As long as you can proof that you are compentent you will be fine.
    • charchar109
      charchar109 Registered Posts: 3 New contributor 🐸
      Hi,

      What did everyone put for the question on impairment losses?
    • Gingerheid
      Gingerheid Registered Posts: 12 New contributor 🐸
      ccreaven wrote: »
      can anyone remember if the question where we had to advise to continue to invest or not was just a quick answer or a report?:001_unsure:

      I'm pretty certain it asked for a report.
    • [Deleted User]
      [Deleted User] Posts: 0
      Gingerheid wrote: »
      I'm pretty certain it asked for a report.

      2.1a) How to calculate the ratios.

      2.1b) The ratios for the 2 years.

      2.1c) Explain the ratios.

      2.1d) Invest or not? (a quick paragraph)


      2.2a) Explain current assests.

      2.2b) Explain current liabilites.
    • caz784
      caz784 Registered Posts: 7 New contributor 🐸
      Primble wrote: »
      oh i dont think i got anythin near that
      I think I failed DFS, my balance sheet didn't balance, I wrote a note however stating that I was aware it didn't balance, don't think it will be enough though as my cash flow statement was a mess
    • alicemaylara
      alicemaylara Registered Posts: 259 Dedicated contributor 🦉
      Depends on why it didnt balance if it was just a small error you wont get marked down too much. Also you are never penalized more than once for an error
      Dont worry about it too much.,
    • The Deadman
      The Deadman Registered Posts: 26 Regular contributor ⭐
      This paper was Dead easy. Consolidations, journals, cash flow and simple ratios all too easy. :laugh:
    • [Deleted User]
      [Deleted User] Posts: 0
      The Deadman wrote: »
      This paper was Dead easy. Consolidations, journals, cash flow and simple ratios all too easy. :laugh:

      Agreed. It was a very nice paper. I do have slight reservations about the impairment question though as the wording was not too clear.

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