The procedures in relation to EPS were often very vague, with many candidates only able to suggest a recalculation of components of the calculation provided, or check the board had approved the calculation, neither of which were relevant given that the calculation was incorrect.

Very few candidates picked up on the fact that the weighted average number of shares would need to be verified given that the company had a share issue during the year.

There were four professional marks available, and most candidates secured most of these marks by providing an introduction and using headings to create an appropriate structure for their answer.

However, presentation was not always good and candidates are reminded to pay attention to determining an appropriate layout for their answer.

The adapted papers for the UK and Ireland (IRL) candidates contained an adapted version of Question One in which the requirements were not separated out and given specific mark allocations and some extra background information had been included in the question.

The candidates attempting these adapted papers dealt well with the style of question requirements, and mostly devoted an appropriate amount of time to the discussion of each of the requirements.