FIN611 – Advanced Financial Accounting
In FIN611 Advanced Financial Accounting we have you covered with Digitized Past Papers From Fall of Mid Term and Final Term.
NOTE: Click on Preparation Tab to take the MCQ’s Tests.
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FIn611 paper… Objective question were quite esay ,, mostly from the quiz … in OBjective ..
1. this was example 8 at page 144..
2. two question were to find the profit/loss of the firm…
given were
opening balance
closing balance
drawings
fresh capital..
these question were quite esay..
3. two companies P n S were given n p purchase all shares of S.. you hv you praper consolated balance
sheet…
4. consolidated blance sheet were given , you hv to find out the goodwill of the company
Fin611
2 balnce sheet bnai the.. wohi end walay chpterz main sy… or 3 they eps waly or aik net book value
waala.. bs itna hi yaad hy
FIN 611 Exam on 20th July 2012
MCQ’s were quite tough and mostly from Mid Term
1) A company is to purchase a business that has net tangible assets valued at 75,000
The purchase price will consist of 150,000 of ordinary shares of 0.50 fully paid.
The shares are currently worth Rs: 0.65 each
Required:
How much is paid for the goodwill of the business?
2) Calculate COGS
Given Opening Stock, Closing Stock, Purchases, Sales, General Expenses and Transfer of Goods from
Company A to Company B.
3) Consolidated Balance Sheet
4) Two Questions were of calculating EPS