FAE September 2012

notanocelot

supernova84 wrote: »

.

Hang in there 7upfree. The standard in a lot of the sample cases is pretty high and the indications aren't very clear.

You can say that again. Did Swetter Gym this morning. A page and a half in the case study on how your client thinks he's God's gift to the company and wants to buy out his business partner because she wants a higher salary even though the place would fall apart without her... and then there's ONE LINE in the solution about how he should try to keep her on!

EveT

Have gone totally stupid.... Primus case...where are they getting the direct cost of manufacture from in indicator one? 44 cent etc? I know I'm v tired but am
Worried at self that am staring at the sheet with a highlighter not being able see it!! Thanks!

Jame Gumb

EveT wrote: »

Have gone totally stupid.... Primus case...where are they getting the direct cost of manufacture from in indicator one? 44 cent etc? I know I'm v tired but am
Worried at self that am staring at the sheet with a highlighter not being able see it!! Thanks!

Just have a Locust coffee and relax...

€22,430 / €40,780 x 80c

Direct Production Costs / Revenue x Price

Chalk_Farm

Anyone have the solution to Marlborough House please, cheers!

EveT

Jame Gumb wrote: »

EveT wrote: »

Have gone totally stupid.... Primus case...where are they getting the direct cost of manufacture from in indicator one? 44 cent etc? I know I'm v tired but am
Worried at self that am staring at the sheet with a highlighter not being able see it!! Thanks!

Just have a Locust coffee and relax...

€22,430 / €40,780 x 80c

Direct Production Costs / Revenue x Price

Thanks a mill,even if wasn't brain dead not sure I'd have thought to do that in the exam the way the info was presented.have stayed away from
Paul's cases til now,they are scaring me
More than exam papers!!

louise1985

Does anyone know if the "corridor approach" is examinable for the defined benefits??

I'm thinking its not but just want confirmation

Thanks in advance

kevindots

Hi all,
Could somebody do me a huge favor and post the following questions. I have the solutions but need the questions.
Thanks a million.

1) Locust Coffee
2) Ply4Hire
3) EcoCartridge

Thanks again.

supernova84

louise1985 wrote: »

Does anyone know if the "corridor approach" is examinable for the defined benefits??

I'm thinking its not but just want confirmation

Thanks in advance

IAS 19 Examinable - the accounting treatment and disclosure of employee benefits by employers; to include all four categories set out under paragraph 4 of IAS 19.

I assume the corridor approach is included in one of these 4 categories. I'm not sure though, IAS 19 wouldn't be a favourite of mine.

tt1

Hi guys

See the attached document in relation to EIIS and interest as a charge relief.

Think companies can still claim interest as a charge relief but as a trade trade instead of previously a non trade charge.

Siobhang4

kevindots wrote: »

Hi all,
Could somebody do me a huge favor and post the following questions. I have the solutions but need the questions.
Thanks a million.

1) Locust Coffee
2) Ply4Hire
3) EcoCartridge

Thanks again.

Fairly sure they are already posted up on this site.. check the attachements

supernova84

kevindots wrote: »

Hi all,
Could somebody do me a huge favor and post the following questions. I have the solutions but need the questions.
Thanks a million.

1) Locust Coffee
2) Ply4Hire
3) EcoCartridge

Thanks again.

They're all posted up here, just click on the attachment tab to this thread and you should find them.

kevindots

I'm only after joining boards- wheres the attachment tab?
Thanks again! :-)

Siobhang4

kevindots wrote: »

I'm only after joining boards- wheres the attachment tab?
Thanks again! :-)

its the paper click on the main page... good notes up aswell

Select Biz, business, accountancy,

Scroll sown to FAE September 2012 and click on the paper clip to get into the attachements.

Good luck with it.

louise1985

supernova84 wrote: »

IAS 19 Examinable - the accounting treatment and disclosure of employee benefits by employers; to include all four categories set out under paragraph 4 of IAS 19.

I assume the corridor approach is included in one of these 4 categories. I'm not sure though, IAS 19 wouldn't be a favourite of mine.

Thanks very much for that

Jame Gumb

Black comedy...hit my head in the gym this morning and have the symptoms of concussion. Genuinely cannot remember what I studied today. Handy for what's coming up on the horizon!

Saint Sonner

I'm doing some management accounting revision at the moment and came across some cases in planning and delivery schedule that I can't find does anyone have them?

Mississippi Inc
Jenson Car Components
Bolt Industries
Killyleagh Cycle Company

Thanks

luco123

anyone have the tax elective updated papers.... im repeating so have no access to them..... third time posting this.... pretty please!!

MPBC123

luco123 wrote: »

anyone have the tax elective updated papers.... im repeating so have no access to them..... third time posting this.... pretty please!!

Roi or Ni?

FAE4EVA

Saint,

Those cases are from the MABF cases book...

Saint Sonner

FAE4EVA wrote: »

Saint,

Those cases are from the MABF cases book...

Thanks - didn't think of looking there! Lol

faer2203

Hey,

Can anyone explain what informed management is in the context of audit? See it everywhere and can't find a definition.

Also, trying to find a list of cavaents, just wondering if anyone can help?

Apollo_Creed

faer2203 wrote: »

Hey,

Can anyone explain what informed management is in the context of audit? See it everywhere and can't find a definition.

Also, trying to find a list of cavaents, just wondering if anyone can help?

Faer,
You'll find defintion of when informed mgt exist in ES5 Para 37.

chursy

faer2203 wrote: »

Hey,

Can anyone explain what informed management is in the context of audit? See it everywhere and can't find a definition.

Also, trying to find a list of cavaents, just wondering if anyone can help?

Informed management means - management with the ability to make decisions i.e competent. As an auditor there is a threat to independence/objectivity that auditors might end up making decisions on behalf of management ( if the directors/management are incompetent). Therefore its important to be dealing with informed management and certain services are prohibited specially in case of listed companies e.g Tax

reo49

Has anyone done an index of all the indicators that come under the different subjects? Ferike1?

I know there is a similiar spreadsheet going around with all the indicators of each case study.

EveT

FTSE 350 company is through the Code, but what is a FTSE 350 company?! googled it and cant find capitalisation amounts etc.

Also the irish annex...giving me a headache, it seems to be all about comply or explain, apart from C or E are there any stand out points to it?!

ferike1

EveT wrote: »

FTSE 350 company is through the Code, but what is a FTSE 350 company?! googled it and cant find capitalisation amounts etc.

Also the irish annex...giving me a headache, it seems to be all about comply or explain, apart from C or E are there any stand out points to it?!

I think you may be going into too much detail?

EveT

ferike1 wrote: »

I think you may be going into too much detail?

well Paul was saying Irish Annex is important? and like depending if its a FTSE 350 or a small co determines the number of INEDs needed on boards etc I think?

FAE_UCH

What are people going to do for timing on the Sims day?

I'm thinking of picking the longest case (It's ridiculous that we don't know how long the cases will be) and spending the half hour reading time preparing my answer for that sim.

I've heard people are gonna read all 3 of them all for the half hour I just think I'll get confused between the cases and will have to read them all again.

Anyone any thoughts?

ferike1

EveT wrote: »

well Paul was saying Irish Annex is important? and like depending if its a FTSE 350 or a small co determines the number of INEDs needed on boards etc I think?

Ah fair enough

MPBC123

EveT wrote: »

FTSE 350 company is through the Code, but what is a FTSE 350 company?! googled it and cant find capitalisation amounts etc.

Also the irish annex...giving me a headache, it seems to be all about comply or explain, apart from C or E are there any stand out points to it?!

FTSE 350 is an index of the weighted average price of the stock exchanges largest 350 companies, I don't think we will be dealing with these in the cases. If an IPO comes up I will be recommending AIM. Can't see it coming up tho as it was on last years paper.