No greater delight is there as a POA tutor to have used super eye-power to spot questions in the last two days for his beloved students!
Unlike before, the crash course this year has been shorten from 18 hours (3 miserable days) last year to a mere 8 hours over 2 days with battle-weary-grouchy-always-hungry-panda-eyes-16-yr-olds.
I have the other subjects to thank for taking time away from my students for POA.
Ok. Moving on:
Delightful students maketh a delightful tutor.
Beside the obvious (Trading, PLA, Current A/C and B/S) and theory, major topics spotting were made plain on the whiteboard the last two days.
|Topics Spotted||Came out|
|Analysis and Interpretation of final accounts
– Profitability and commentary
|Stock Valuation||Partially. Theory|
|Capital versus Revenue Expenditure/Receipt||Neh.|
|Incomplete Records (Debtor/Creditor Ctrl)||YES!|
|Capital Structure (WC, CO, CE)||YES!|
|Provision for Doubtful Debts||YES!|
|Correction of Error (Partial emphasis)||YES!|
Also mentioned to not focus on:
|P4 Dep + Disposal of Fixed Assets||YES!|
|Control Accounts||No. Saved only by revision of incomplete records|
Of course you didn’t come here to see how delighted my students and I are.
So here’s the draft/suggested/imperfect solutions for Paper 2. I gave up trying to fish for Paper 1. If you have, please what’s app me:
As with previous attempts for solutions, this post gets flamed with questions, doubts and critics even with this caveat and repeated again in the pdf.
I’ll leave you with a quote:
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat. “
So. Bring it on.
To a better tomorrow and the holidays!
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