澳洲终于考完了！115对题。。

在澳大利亚CA/CPA学习和考试



比起118，时间充裕多了，计算比平时的练习简单多多了，概念题反而出了很多平时没留意到的，当场找书才确认的。。还是有些确认不了。。

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workshop的内容并没有想大家说的出了很多相近的内容啊

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我觉得比以前都简单啊

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是啊，不像传说中的和WORKSHOP题相似什么的，不过也算是照顾我们了，给的情况还算不复杂。

选择题前面一部分不是十分确定，后面考的还蛮基础。

不管怎么说总算考完了，盼这天盼很久了。。。希望付出努力的TX都可以如愿以偿顺利通过。

[ 本帖最后由 BBTU 于 2012-5-2 14:22 编辑 ]

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计算简单的出乎意料，赶脚复习的时候花那么多时间在M6上有点亏。概念考的多但不难，不用绕太多弯但感觉很琐碎。

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大家都来回忆下自己怎么答的，我也觉得计算和workshop不像呢！

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Reading time 不注意用了计算器，被记了座号，郁闷啊，不知道会不会直接算废，想死啊！

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各位大侠！请问115计算题可以帮我回忆下重点吗？万分感激!

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估不到竟然兩條长题目在第一课，估不到，估不到。

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恩，计算题有些简单的让我不放心啊

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没觉得特别容易，要pass也不容易。

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最后的7分题在第一课，但第一题是M6的东西吧。

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对極了。

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我是来拜让我pass的，是万能的。

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我惨了 选择题花太多时间了 问答题都瞎涂了 郁闷

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2012 S 1 Question.
Q1. Associate ownership test.  3 mark

        An Associate is defined in para 2 of IAS 28/
        Para 6 of IAS 28 : 20%  voting power.
        Even if less than 20% voting power, investor still can have significant influence
        In some situation, an entity own share option that can convertible into ordinary shares and thus would increase voting power.

Q2. Subsidiary VS. Parent company .  
        Providing Sub sell depreciation asset with profit of $40,000 to parent company 30.06.04.
        parent use straingt line method with 5 years depreciaition
        Parent own 80% control
        Subsidiary issue dividend and paid 60,000 30.06.05
        By providing subsidiary tax profit *** retained earning opening Bal **and closing bal*
        Providing 30.06.05 Group Consolidation Journal:
DR Retained Earning ***
DR DTA          ***
CR: Asset              40,000
3 mark.. General Journal of Depreciation asset and dividend as at 30.06.05
       (notes: we do not required 30.04.04 General Journal)
NOTES that
1.        intra-group transaction –dividend, the profit and loss are realised immediately
2.        intra-group transaction – sales of asset will arise unrealised profit and loss.

DR Accumulated Dep                    Dr Income tax expense
CR Dep                               Cr Deferred tax asset
To record depreciation asset as at 30.06.05

working: due to that question is not given us the sales price and carrying value however, given final consolidated DTA, therefore, do we need to track back 2004 DTA so as to calculateaccumulated depreciation?

Dividend: To eliminated intra-group transaction:
Dr: Dividend Income   60000*0.8=48000
Cr interim Div-retained earning              48000


2) To calculated Non controlling interest in consolidate profit   1 mark
(1-% control)(Subsidiary profit for year ending 2005 (figure given) – unrealised profit on asset depreciation + DTA on depreciation)

3) Non controlling interest in closing retained earning
(1-% control)(Subsidiary closing balance of retained earning (figure given)
- unrealised Profit on equipment depreciation –unrealised profit on sales of asset + DTA on accumulate dep – DTL profit on Sales of asset)

Q3: parent company acquired Company B and Company C
        Company b is not a listed company
        Company c is a listed company
        Accountant in patent company treated all company b and company c shares as available for sale assets.
        Provided that company b use two method to value shares
1. Company b amortised cost + self estimated that shares price is 160,000
2. by using comparison with same or similar industry company b share value 100,000
        Provided that company c use three methods to value shares
1.        daily market quote price * total shares
2.        ---
3.        ---
Q1. Company b use which one?  2mark
As per IAS para 43 .all financial assets should be initially measured at fair value

Company B- not listed company which is investment where is no active market
When the financial asset is an investment in an equity instruments (shares) for which there is no active market and hence no quote market price. It is possible that a fair value cannot be reliably determined. As fair vale is not market value and while market value is the best measure of fair value, in this case, there may be other reliable method to estimate fair value (cost or amortised cost
The use valuation technique such as reference to the market value of another instrument that is substantially the same, discount cash flow analysis and option price model. The purpose of such technique is to establish what the price would have been, based on measurement date, in an arm’s length exchange motivated by normal business consideration. Such valueation technique should be assessed by comparison to actual market price (in this case $100,000) when these are available.

Company C: listed company
Active market quoted price –this is the best estimate of fair value. It is a quoted market price for a financial instruments reflected normal conditions and is readily and regularly available from an exchange, dealer. Broker, industry group, pricing service or a regulatory agency.

[ 本帖最后由 lee2267 于 2012-5-2 22:17 编辑 ]

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Q2 is M6 about Business Combination Depreciation Journal Entry. 3 marks
Part B is NCI Revenue and Retained earning. 2 marks

Q1 is M1 about 2 Financial Statement features and armotisation cost. 3 marks

different location different questions? Bris here

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晕，神奇啊，第一题好像真不一样。我们第一题考点是关于control和significant influence 的。Syd

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。。。

[ 本帖最后由 BBTU 于 2012-5-2 19:24 编辑 ]

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mark

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第二题选项c在书上也是原文啊。advantage & disvantage of HC那页下面，我当时对照才选的！

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35. IFRS 3, A gain bargain purchase recognised as:                     pp6.16
A deduct from asset-financial position as classify goodwill

这个绝对错了，SAT有一样的题

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P5.63下面 "The maximum exposure to credit risk is limited to the total carrying value of relevant financial assets on the balance sheet as at the reporting date."

貌似没有考到credit risk?

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25. Tax loss in 2007. In 2008, the recoupment of the tax loss will give rise to: pp4.33
A: Decrease deferred tax asset and Increase deferred tax expense
B: Decrease tax payable and decrease income tax expense
C; Decrease deferred tax asset and Decrease deferred tax expense
D: Decrease tax payable and Decrease deferred tax

这题说的是07年unrecognised tax loss, 所以recoupment其实我觉得是
Dr Deferred tax expense Cr Current tax income的。。。根据P4.31所以感觉每一个选项对的。。我很疑惑。。

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4. Information relates to the Cashlow Ltd. Income tax ignores.         SAT 2.15
        Profit of the year           $140k             Q; What is the amount of cash from
        Increase in Trade payable    $28k                 Operation activities
        Decrease in inventory       $12k               A; 107K   B 157K
        Increase in receivable       $20k               C; 163K   D 203K
        Decrease in Prepayments    3k

我做的是163k啊！

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那你选的是哪个啊？

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我也是163k @@

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5. Information relates to the Cashlow Ltd. Income tax ignores
                        30.06.07        30.06.08
        Trade Receivable        200k        240k
Less        Allowace for D D        12k        20k
                                
                Sale Rev                640k
                Bad Debt written off                26k
What is the amount of cash Collected: A 566k

这题是574啊！根据sat答案里给的公式

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不同意你的答案，书上是现成的例子，并且告诉journal entry的， 所以A是对的。

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其余跟你的answer一样~
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