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Professional level - Essentials (P1-P3)

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p2 - how did it go for you?

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Emsy1981 - 10 Jun 2008, 07:40 am
I didn't think it was too bad, pretty much what I had expected, although seriously thought a cash flow was gonna come up and hard worked pretty hard on that.... oh well...

q1 a - functional currency FRS 23 - not too bad
b - consolidated balance sheet - went ok didn't balance thou... but when does it ever under pressure.
c - professional misconduct / ethics etc...

q 2 - segmental and revenue recognition (didn't attempt)

q 3 - accounting treatment and discussion on 4 events (report format)

q 4 - convergence of FRS and IRFS.- OUr tutor predicted that one!! so hopefully god a few good marks there....

I reckon if I have passed it will be a scrape!!!

HOpe you all did ok???
mystery - 10 Jun 2008, 08:32 am
section a ws gd
didnt knw segment reportin bt revenue recognition ws gd
q3 ws wierd
q4 didnt attempt
i hope i pass
mishann - 10 Jun 2008, 09:05 am
Emsy well done for keeping it together after the week you had previously

I dont know how I did..... I really panic tremendously in exams/ so nervous... its terrible!

I did 1, 2 & 3

I just wish I had more time in the exam.........I'm too slow

Have I passed? I just dont know
asimshah007 - 10 Jun 2008, 10:42 am
was expecting cash flow & worked damn hard on it that if that would have come I would have gained full marks but didnt turn up..secondly CBS from Dinar to £ was pretty ok.

had some £ 4.08m diff in balance sheet totals and not able to find out where.

question 2 on segment rep. done 50-50, revenue recogn was good.
question 3 on accounting stds in report formate piece of choc.cake.
question 4 was not in my list.

hope will pass, now looking tomorrow for P3.

good luck.