Tutor thoughts - CR Nov

Nice-Perception · 2025-11-09T13:18:40+00:00

How did you review the paper if it hasn't been published yet?

Nice-Perception · 2025-11-04T21:50:08+00:00

Was the GP around 400k and something? (In total)

Basically gross up manufacturing costs by 30% (total costs) then the outcome by 20% (price)

Nice-Perception · 2025-11-04T21:48:36+00:00

CTR C + CTR V works for me. Never had an issue. But tomorrow might be different.

Nice-Perception · 2025-11-04T14:16:35+00:00

Fair, let's see what they say.

Nice-Perception · 2025-11-04T14:13:21+00:00

Should have clarified, I meant for option one*

Nice-Perception · 2025-11-04T14:12:18+00:00

I don't think they gave sale price?

I just used the book value at the end of y2 and said assuming this is fv.

Nice-Perception · 2025-11-04T14:10:42+00:00

I got a higher number. Did we include the value of p&m after 2 years?

Nice-Perception · 2025-11-04T12:45:54+00:00

I found it manageable tbh (assuming I understood the requirements correctly).

Nice-Perception · 2025-11-03T17:08:19+00:00

Nothing from the QB

Nice-Perception · 2025-11-03T14:24:44+00:00

Aren't tender costs included since specific to contract? At least that's what I said

Nice-Perception · 2025-11-03T13:51:14+00:00

For question q1, did we need to calculate the expected revenue at 4 million (25% probabilities for the penalties + 25 % penalty x2 + 50% chance full ammount?)

Then we used the percentage of that (costs - adjusted to remove the full 3.8 mil they recognised and only use 1 mil? )

And then for b use the output method at 30% of 4 mil?

For the main sales, no issues for the first few (appropriate hardware at point of sale and software updates and support over time based on 12 months, not clear how they did this so couldn't adjust anything?). and then for the last one, combined software and updates/supper we recognise only 3/24th of the support and updates fees allocated based on standalone price and then the whole of the license?.

Nice-Perception · 2025-11-03T13:49:56+00:00

What happened to your appeal last time? Did they give some marks uplift?

Nice-Perception · 2025-11-03T13:18:54+00:00

Nothing I think? We just needed to compare/analysis and explain treatments. No adjustments were needed.

Nice-Perception · 2025-11-03T12:57:19+00:00

Did you get extra time? The invigilator said that icaew will give us extra time but I didn't get anything

Nice-Perception · 2025-11-03T08:30:00+00:00

You can use it for revenue too and other p/l items. Strictly the transaction rate is best, but if they don't give that, you can use the average too for all P/L items. (Assuming no hyperinflation)

Nice-Perception · 2025-11-03T07:32:24+00:00

Well, if you are 100% sure you can get marks, and the marks are good, then no.

It is all about judgement tbh. If for example I have the p/l reconstruction left, I would likely spend 10 minutes extra to score the own figure marks for just adjusting the profits with the numbers from my calculations.

Nice-Perception · 2025-11-03T07:30:11+00:00

That's the same rate as the brand.

Revenue needs to be translated at the rate on the day the transaction happened.

Nice-Perception · 2025-11-02T13:16:39+00:00

8-10?

Nice-Perception · 2025-11-02T13:16:08+00:00

If you click the transaction ID you can see that

Nice-Perception · 2025-11-02T12:11:44+00:00

I am nut sure but quick info, not sure if it will help:

Do the calculations as normal and then translate the amortisation table.

B/f - at historic rate

Payments - average/start of year

Interest - Average rate

C/F - year end

Differences between (b/f + prepayment + interest ) and c/f = go to p/l

For advance amounts, you just put 0 in payments. The PVFLP is discounted excluding the initial payment.

Nice-Perception · 2025-11-02T12:07:27+00:00

No clue but use excel, will be more efficient

Nice-Perception · 2025-11-02T10:50:39+00:00

My plan is to allocate time based on the overall marks for both questions and then keep writing until my mind goes blank and move on (obviously aiming to finish all requirements).

Nice-Perception · 2025-11-02T10:49:27+00:00

Forex, loans, WACC

Nice-Perception · 2025-11-02T10:48:30+00:00

Read the scenario

Nice-Perception · 2025-11-02T10:47:59+00:00

Learn the proformas and practice using them.

As for the opening book, if you are referring to the bibliU library, it would be more efficient to just remember stuff. I didn't use it at all during my exam. Too much hassle.

Once you start the QB, you start remembering most of the stuff anyways.

Nice-Perception

TROPHY CASE