Foundation in art?? =.= ACCA???

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Added on May 23, 2012, 6:49 pmThe other thing is that i found that assessing performance is really time-consuming.
It's really hard to link the clues given by the examiner...
So long as I make sensible comment, it wouldn't be marked wrong right??
For example, Crumbly Cake (June 09).
We has been told that 'the business should use only organic ingredients in its cake production. Organic ingredients are more expensive but should produce a product with an improved flavour and give health benefits for the customers. It was hoped that this would stimulate demand and enable an immediate price increase for the cakes.'

And it turns out the material price variance is adverse.
However, we has not been told that whether previously is organic ingredients being used in production.
If it really does use organic ingredients previously, then there would have been a standard price for organic ingredients.
So the material price variance would not be an effect for changing of the ingredients used.
Thus can i say that the adverse material price variance is caused by the poor negotiation skill instead of saying that the variance is caused by changing of ingredient based on my assumption??

This post has been edited by junggle: May 23 2012, 06:49 PM

no problem no matter u are from science stream or watever.
i have graduated like wat u did and now i am doing acca as well.

I wasn't able to look at the question but I have done it before. If my memory serves me correctly, the new chef introduces the organic ingredients. They were definitely using non organic ingredients before. There was an unrevised standard cost card which caused the huge MPV hence it certainly is because of the higher prices of organic ingredients and not anything else. 

anyone interested in buying P3 BPP kit for exams in 2012 ? It's BRAND NEW !!! please drop me an email szeyin_0227@hotmail.com or PM me

This post has been edited by AgoNi: May 23 2012, 09:23 PM

hey.. ya think... if got no P5 text book.. can pass aa?

i got exam kit only.. die lorh

I also dont have text book for all p level papers, no problem also

im gona do foundation in arts...then degree...then only acca

yes..i been went through all u stated

thanks man!!!!!!!

Hey guys, do anybody know which technical article in p5 need to study? as it seem a lot n a lot. my lecturer never teach or mention any article in class. He summore skip quite some topic in p5. I am down wif the p5

P5 examiner has not written any article so far, those articles at ACCA website are written by other lecturers/professionals. read questions carefully, practise your writing skills, it is not too difficult to pass

alaa.. u genius lor

anyway, i already bought*fotocoughstatcough* konfem universal prize lah! ahahaha~

Hi guys! I got few simple basic F3 questions i need to ask.

1. In Aug 09, Hco acquired 80% of Sco 200,000 $1 ordinary share capital. Year end is Dec 09.
At Jan 09, Sco had retained earning of $320k and made profit for the year end Dec 09 of $48k.
Asume profit accrued evenly throughout the year. What are the net assets of Sco at acquisition date?

2. Which following books are settlement discount allowed entered?
Cash book? Journal? Sales Day Book? or Purchase Day Book?

3. Aco sold goods for which it paid $140k to it's subsidiary Bco. Aco charges mark up 40%.
In 2000, Bco sold 80% of the good it purchased from Aco.
How much should be eliminated as unrealised profit from consolidated financial statement?

4. Item cost £3k to purchase. cost £300 to get the item ready. plan to sell it for £3.4k. would cost £3.7k to buy similar item of it. draft financial statement valued the inventory at £2.9k. which inventory valuation method is used?

5. In disposal of NCA in cash flow statement prepared using indirect method, is is correct to say profit of disposal on NCA should be deducted and actual proceed received are from investing activities and not from operating activities?

This post has been edited by tzxsean: May 25 2012, 09:37 AM

Discount allowed only involves Journal & Sales Day Book. no cash transaction involved.

Debit Revenue adjustment - Discount allowed
Credit Accounts receivables

i tot there is a discount column in cash book??

when your customer purchase on credit from you for RM100 goods

Debit AR 100
Credit Revenue 100

when you give discount RM 10 on settlement

Debit Cash 90
Debit Discount allowed 10
Credit AR 100

if you are looking at the whole settlement transaction, cash book is included

Else, the transaction can be separated

Debit Cash 90
Credit AR 90

Debit Discount allowed 10
Credit AR 10

the discount allowed transaction alone does not involve cash book



This post has been edited by nothingz: May 25 2012, 12:55 PM

he is asking whether should entered cash book ma..

wat i mean is this...



This post has been edited by caillech: May 25 2012, 01:17 PM

lol, i never come across this kind of cash book in real life or in books, maybe it did exist.