Did you guys get 133,000 as the net cash flow from operating activites with the two separate depreciation figures being 25000 and 26000 or 51000 as a single figure? Also was your guys retained profit figure £2350, or atleast close to it? The total value of the share issue was definitely £1,100,000 with 500,000 shares issued. £625,000 being allocated to the Share Capital Account from the A+A and £475,000 being allocated to the Share Premium Account from the A+A. Thoughts please?

Reply 5

Tyya

Original post by UMK

Did you guys get 133,000 as the net cash flow from operating activites with the two separate depreciation figures being 25000 and 26000 or 51000 as a single figure? Also was your guys retained profit figure £2350, or atleast close to it? The total value of the share issue was definitely £1,100,000 with 500,000 shares issued. £625,000 being allocated to the Share Capital Account from the A+A and £475,000 being allocated to the Share Premium Account from the A+A. Thoughts please?

I got the same answers with u 4 the cash flow and retained profit but I don't remember the share account one.. u remember the ques? did they ask to balance off those accounts?? I didn't write bal c/d hope won't lose marks on it..

Reply 6

UMK

Original post by Tyya

I got the same answers with u 4 the cash flow and retained profit but I don't remember the share account one.. u remember the ques? did they ask to balance off those accounts?? I didn't write bal c/d hope won't lose marks on it..

Ah crap yeah I am afraid you did need to balance it mate because they gave information for you to work out that there were Bal b/d's on both the Share Premium and Share Capital accounts implying that the total and NEW Bal c/d will be the Bal b/d plus the transfer from the A+A account. You lost one mark MAXIMUM on each account. It was basically a share issue of £2.20 for 500,000 shares which comes to a total of £1,100,000 but it was oversubscribed by £100,000 so you received 1,200,000 in total and returned the £100,000 straight away through the bank which was a debit on the A+A account.

Reply 7

Tyya

Original post by UMK

Ah crap yeah I am afraid you did need to balance it mate because they gave information for you to work out that there were Bal b/d's on both the Share Premium and Share Capital accounts implying that the total and NEW Bal c/d will be the Bal b/d plus the transfer from the A+A account. You lost one mark MAXIMUM on each account. It was basically a share issue of £2.20 for 500,000 shares which comes to a total of £1,100,000 but it was oversubscribed by £100,000 so you received 1,200,000 in total and returned the £100,000 straight away through the bank which was a debit on the A+A account.

Yeah that part was right and what was the par value ?

Reply 8

UMK

Original post by Tyya

Yeah that part was right and what was the par value ?

Par value was £1.25 so 95p premium

Reply 9

Tyya

Original post by UMK

Par value was £1.25 so 95p premium

625.000 being transferred to the share capital a/c . Same ~ lol :colondollar:

Reply 10

Tyya

Original post by UMK

Par value was £1.25 so 95p premium

what did u do 4 the FRS 18? quite worry about this ...

Reply 11

winniestar57

I got the same for cash flow and balace sheet. Can't remember ths share figures exactly! For the FRS18 question I wrote about relevant, reliable, comparable and understandable etc...

Do you think the grade boundaries will be high?

Reply 12

Tyya

Original post by winniestar57

I got the same for cash flow and balace sheet. Can't remember ths share figures exactly! For the FRS18 question I wrote about relevant, reliable, comparable and understandable etc...

Do you think the grade boundaries will be high?

u could re calculate those a/c s . lol dunno really. I checked previous years boundaries found the highest was 71 for an A . so... can't be higher than this can it?

Reply 13

winniestar57

Hopefully not! 71 is ridiculous for an A! It should be 80%

Posted from TSR Mobile

Reply 14

UMK

Original post by Tyya

what did u do 4 the FRS 18? quite worry about this ...

The only reason I havent talked about it is because I completely *****d that question, simply because I didnt know what frs 18 was until later on when I searched and found out it's about stating accounting policies and stuff but tbh in the exam I just blagged how it's put in place to protect shareholders for example the revaluation being portrayed to them would be successful in ensuriing they are not deceived or misled by the increase in capital worth of the business and can therefore make informed decisions.

Reply 15

UMK

Original post by winniestar57

Hopefully not! 71 is ridiculous for an A! It should be 80%

Posted from TSR Mobile

There were no real tricks and accounts tends to have higher grade boundaries in general it will be approximately 68-70 for an A

Reply 16

Tyya

Original post by winniestar57

Hopefully not! 71 is ridiculous for an A! It should be 80%

Posted from TSR Mobile

Er.. I mean ums mark.. 😄

Reply 17

Tyya

Original post by UMK

The only reason I havent talked about it is because I completely *****d that question, simply because I didnt know what frs 18 was until later on when I searched and found out it's about stating accounting policies and stuff but tbh in the exam I just blagged how it's put in place to protect shareholders for example the revaluation being portrayed to them would be successful in ensuriing they are not deceived or misled by the increase in capital worth of the business and can therefore make informed decisions.