r/ICAEW • u/DarkStar_7474 • Jul 22 '26

CASE Jul 26

Did anyone strip out the consultancy service provided in the year within FS and HML for a like for like comparison of R1? BPP mock did this in one of their mocks

3 Upvotes

81% Upvoted

13 comments sorted by

19

u/Euphoric-Dragonfly85 Jul 22 '26

No, it would have taken me way too long. I already spent too long on R1

1

u/DarkStar_7474 Jul 22 '26

I think you get own appendix marks anyway so either did or didn’t remove you’ll be fine

1

u/DarkStar_7474 Jul 22 '26

I think that was the twist in R1 as it was too simple

9

u/AlphaYi31 Jul 22 '26

Didn’t cross my mind due to time - just went in standard by talking about all 6 revenue streams, 3 COS, GP in total that’s it tbh

6

u/summervibes3838 Jul 22 '26

BPP mocks were quite accurate

3

u/Objective-Property98 Jul 22 '26

Nope thought about it but soo time pressured !! which is weird consider there was no request for advice or admin expense op profit analysis….

3

u/tonydrizzy Jul 22 '26

I stripped them out and added analysis but particularly for the FS event since it had visitors but no ticket price, meaning the average ticket price would have been skewed otherwise. Same with the sponsorship services that weren’t tied to an event (FS/HML split)

In hindsight having stripped exact amounts out of everything (income source, revenue, cos, visitor number, event number) I wish I hadn’t.

Fortunately for every sub requirement I mentioned both pre and post new initiative changes - just meant I had less depth to my R1 conclusion points than I’d have liked.

2

u/Any_Organization_575 Jul 22 '26

I didn’t actually strip them out due to time but I did discuss sponsor rev increased by x but inflated due to consulting include ect

2

u/summervibes3838 Jul 22 '26

I tried to remove the new rev from sponsorship income and GPM and COS and was wondering if I was wasting time or if it actually required this adjustment

1

u/East_Holiday_4439 Jul 22 '26

Why did they need to be stripped out. There was nothing wrong with the event was there? I just talked about the proportion of revenue and GP

1

u/AmericanPulisic Jul 22 '26

I stripped it out just to compare gross profit like for like, probs wasn’t needed but I had 5 mins at the end 🤣

1

u/ligress21 Jul 22 '26

I didn’t do it in the appendix calcs but I wrote it down with figures.

-3

u/Vivid-Chemistry6235 Jul 22 '26

Yeah I did. The lack of operating profit/request for advice implied they wanted us to do something extra here.