FAR 250 APRIL 2011 exam questions

Salam and greet to all!!

Tick...Tock...Tick...Tock....

Sedar tak sedar, students dah start exam. Well, FAR 250 will be just around the corner. The problem is, we need to chase the clock. Tick..Tock..yet.

Anyway, exam will be held on Tuesday at 2.15 pm. Please check your venue. Ikut kelas yang register dengan UiTM. Please ye...PLEASE..properly attire. Well, my bless will be yours.

Soalan-seoalan yang akan keluar adalah:

• ISSUANCE

          Kena ingat ye. This is topic yang students leh score. Most of the students might find problem nak transfer journal ke ledger. Lepas tu, konfius yang mana unit, yang mana total value when the PAR VALUE is not equal to RM1. On top of that, bila nak write-off discount. Kalau discount on share, tak kesahlah, ordinary share ke preference share ke, mesti dekat share premium UNLESS question stated otherwise. BUT untuk debentures, write-off against the comprehensive income. Oh ye...theory questions. Students selalu tak jawab. Alasan, lupa, tak baca. Bear in mind, theory questions give you solid mark.

• REDEMPTION

          Redemption pulak terbalik daripada issuance. However, this question comes in package. Redeem + Issuance + Disposal + Buyback. CRR jangan lupa. Redeem and buyback (retirement method) both ada CRR. Ingat fungsi CRR. Untuk buyback tengok method apa dia minta. Another topic students leh score.

• FRS

          Yang ni pun sama. Students tak tahu sebenarnya soalan tu berkaitan dengan revenue recognition ke, events after balance sheet ke, or inventory. The most important part for this question is how you answer the question itself. Kalau revenue recognition macam mana. Kalau events after balance sheet nak jawab macam mana. Pastu journal. Susah lah nak kata kalau students tak tahu nak past journal camne. Huhu.

• PUBLISHED

          Students suka sangat time consumed kat soalan ni. Time allocation is crucial. Yang selalunya problem adalah TAK HAFAL FORMAT. Please ye...anda semua dah semester 4 and above. Takkanlah tak ingat langsung. Aduyai. Kalau dah blank sangat, gi toilet. Kalau rasa susah sangat adjustments, transfer je figures without adjustments. Jangan tak jawab langsung. Weightage dia berat.

•  CASH FLOW

           This question, students may score full marks. Make sure method required. Beza antara these methods cuma dekat OPERATING ACTIVITIES. So, kalau INDIRECT, starts dengan NET PROFIT BEFORE TAX. DIRECT pulak starts dengan CASH RECEIVED FORM CUSTOMERS. Concept die sama macam incomplete records. Cuma this time, it would be BANK yang kita cari.

Yang penting, jangan lupa doa lebih2. Harapnya semua LULUS dengan CEMERLANG. Ni pun tengah tunggu students datang buat consultation. Beriya janji pukul 10, ni dah pukul 1030 tak datang juga. Pastu claim cari lecturer, lecturer asyik takde...HUHU...

Ok, people. All my blessing will be with you. Others, you decide.

Till then.

Bye y'all.