{"id":241,"date":"2006-06-10T23:40:55","date_gmt":"2006-06-10T15:40:55","guid":{"rendered":"http:\/\/blackiris.fakedevil.com\/wp\/?p=241"},"modified":"2006-06-11T00:02:47","modified_gmt":"2006-06-10T16:02:47","slug":"mt-exam-3-afa","status":"publish","type":"post","link":"https:\/\/caryn.6eptember.com\/?p=241","title":{"rendered":"MT Exam 3 : AFA"},"content":{"rendered":"<p>the most painful subject of the term..and of my life ever!!! :pill:<\/p>\n<p>suddenly my consol analytical check for subsidiary cannot balance and i suddenly couldn&#8217;t remember what else i missed out. my analytical check for associate balance also didn&#8217;t tally, and i aso couldn&#8217;t rem what else i was supposed to do. in a way i wasn&#8217;t really expecting the consol qn to include funny stuff like total sale of inventory, and contingent liability cos we didn&#8217;t practise all these kind of scenarios before. shit. at least i could do the goodwill question cos it&#8217;s <strong><em>qualitative<\/em><\/strong> and i read the FRS\/textbk for it.<\/p>\n<p>financial instruments was totally shit. i buang the whole qn, bcos i didn&#8217;t study options for hedging properly. we were discussing in school late at night on thursday nite and MY said options would come out but i was too stoned to study it properly so buang. tried my best to do up something, with a table similar to the second quiz and which MY explained to me only on thursday nite. the qualitative questions on financial instruments buang bcos i tried to cram too much information in the last minute and i couldn&#8217;t rem what i studied. i&#8217;m really quite sad that i <em><strong>buang the qualitative <\/strong><\/em>question. firstly cos i was depending on them to push up my marks. secondly cos i did study for them a few weeks ago, even doing up a summary of FRS39 but i forgot what i studied! <\/p>\n<p>deferrered tax question was ok i think. again one small part of the question was unexpected cos we didn&#8217;t do such an entry before. so did whatever i could, but not sure whether the calculation of my tax expense was correct. i didn&#8217;t do an analytical chck of my tax expense figure cos i couldn&#8217;t rem how to do it. (well not dat i dun rem &#8211; i studied it on thurs nite with MY explaining to me aso but there was a particular part that we didn&#8217;t understand so we just skipped.) <\/p>\n<p>foreign currency translation was ok i think. but i think my Foreign Currency Translation Reserve figure was wrong. i aso couldn&#8217;t rem how to do the check for my FCTR figure. jiak lat. <em><strong>qualitative question<\/strong> <\/em>was ok, cos i studied the textbk\/FRS about it so i could answer it, just hope it&#8217;s correct. <\/p>\n<p>i thought consol would be ok cos i practised quite a bit for it. haiz. was expecting fixed assets\/transfer of fixed assets which i was super familiar with but it didn&#8217;t come out. i knew i would buang my financial instruments qn. deferred tax\/foreign currency translation are my better topics but aft yesterday&#8217;s paper&#8230;hopefully it&#8217;s ok.  actually yesterday&#8217;s paper was quite bad. it was so bad that i finished it even before the time was up. :shake: bad rite? it was a 3 hr paper, starting at 9am. by 11am, i was kinda done and wishing that she could just tell us to stop writing now. but i decided to try and look thru the questions that i skipped, tried and do up whatever i could, anyhow whack so that i could &#8220;give her some basis to moderate me&#8221;. by 11.45am i already did watever i could, so i was just waiting for it to all end. notice that it&#8217;s only the <strong><em>qualitative questions <\/em><\/strong>that i can handle. further proof that i&#8217;m so not a numbers person and that i&#8217;m in the wrong faculty.<\/p>\n<p>considering that the basic foundation of AFA is the FA module i took in Yr 1, and for which i scored a D+ for, i can&#8217;t really expect very high for this ADVANCED course. actually before i took the exam was just hoping for C range or D range at best. but aft the paper, which was so bad &#8211; the worst paper i&#8217;ve ever taken &#8211;  i really really really hope and pray that she would push up my grade cos i really think i would fail this module.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the most painful subject of the term..and of my life ever!!! :pill: suddenly my consol analytical check for subsidiary cannot balance and i suddenly couldn&#8217;t remember what else i missed out. my analytical check for associate balance also didn&#8217;t tally, and i aso couldn&#8217;t rem what else i was supposed to do. in a way [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=\/wp\/v2\/posts\/241"}],"collection":[{"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241"}],"version-history":[{"count":0,"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=\/wp\/v2\/posts\/241\/revisions"}],"wp:attachment":[{"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/caryn.6eptember.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}