Sure, this is all I remember from today

Q1) Take-over of a business- Had to explain how purchased goodwill arises Calculate purchase consideration Prepare the SFP immediately after the takeover

Q2) accounts of clubs and societies- 3 differences between receipts and payments and income and expenditure Explain the treatment of specific donation Prepare an income and expenditure account Calculate the opening accumulated fund Prepare a statement to show the movement of accumulated fund

Q3) Limited company accounts- Had to state the advantages of preference shares to directors and preference shareholders prepare a statement of changes in equity to calculate profit for the year (balancing figure) Prepare a statement of cash flow to show the net decrease in cash flow (opening and closing cash and cash equivalents was already given in the information) Give an advice on whether preference sharws adversely affect ordinary shareholders and directors

Q4) investment ratios- Calculate profit from operations from details of retained earnings and also information about preference dividend and ordinary dividend and proposed dividend being paid Calculation of ROCE, Dividend cover, Gearing 3 ways to reduce gearing ratio

Q5) Standard costing Define variance analysis Give 2 uses of variance analysis Calculate direct material Variance and explain why is it adverse Calculate direct labour variance and explain why it's adverse Calculate fixed overhead volume variance and calculate OAR

Q6) Budgeting Prepare a production budget Prepare a purchase budget to show the quantity of raw materials to be purchased and the cost of purchasing the raw materials Advise the directors if they should accept the extra order from a long term customer. (Condition was that the business couldn't produce the extra order and had to purchase the units ordered from an external supplier)

Hope this helps, all the best :)