Financial Reporting (FR) Mar / June 2021 Examiner’s report

Examiner’s report – FR March/June 2021 
 
1 
 
 
Financial Reporting 
(FR) 
Mar / June 2021 
Examiner’s report
The examining team share their observations from the 
marking process to highlight strengths and 
weaknesses in candidates’ performance, and to offer 
constructive advice for those sitting the exam in the 
future. 
Contents 
General comments .............................................................. 2
 
Section A ............................................................................. 3
 
Question 1 ........................................................................ 3
 
Question 2 ........................................................................ 4
 
Question 3 ........................................................................ 5
 
Question 4 ........................................................................ 7
 
Section B ............................................................................. 9
 
Question 1 ...................................................................... 10
 
Question 2 ...................................................................... 11
 
Question 3 ...................................................................... 12
 
Question 4 ...................................................................... 13
 
Question 5 ...................................................................... 14
 
Section C ........................................................................... 16
 
Pastry Co ....................................................................... 16
 
Requirement (a) – 6 marks ........................................ 16
 
Requirement (b) – 14 marks ...................................... 17
 
Gold Co .......................................................................... 19
 
Requirement (a) – 6 marks ........................................ 20
 
Requirement (b) – 14 marks ...................................... 21
 

Examiner’s report – FR March/June 2021 
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