Preparation of CS of Comprehensive Income Example 1

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  1. Avatar of nkmile64 nkmile64 says:
    April 17, 2013 at 1:22 pm

    Wonderful lecture!
    Thank you Open Tuition and Sir Mike. I would like to ask though, would I miss one mark for accidentally deducting the URP from Revenue, instead of the preferred treatment of adding it to Cost of Sales? I mean the result for the Profit would be the same but Revenue would be underestimated.

  2. Avatar of hotgirl hotgirl says:
    April 9, 2013 at 2:18 pm

    oops! sorry I just saw the 3500.

  3. Avatar of hotgirl hotgirl says:
    April 9, 2013 at 2:16 pm

    this is a continuation of the previous question, to let you know i’, referring to the CSofCI eg 1

  4. Avatar of hotgirl hotgirl says:
    April 9, 2013 at 2:15 pm

    Hi Sir re the NCI’s 20% of 3500…how did you arrive at 3500?

  5. Avatar of getnet getnet says:
    August 23, 2012 at 1:54 pm

    Server not found: rtmpt://r.acca.opentuitioncom.netdna-cdn.com:80/play please help

  6. Avatar of horeessran horeessran says:
    August 9, 2012 at 4:22 pm

    i failed f 7 by 44 marks.

    Am rily dissapointed.

  7. Avatar of sattar786 sattar786 says:
    August 8, 2012 at 11:46 am

    hello sir,

    could you kindly guide me as from where have you got the qn to solve this comprehensive example

  8. Avatar of evanuom evanuom says:
    July 19, 2012 at 6:58 pm

    hi sir, thanks you for this great explanation. i just have a little problem, when we include the proposed dividend 5000 in income statement, we also need to include it in current liability in SOFP. but isnt this against IAs rule, (stating that we should not include proposed dividend)

    thank u for answering, :)

    • Avatar of MikeLittle MikeLittle says:
      July 20, 2012 at 4:26 pm

      @evanuom, Hi, I believe that the question specifies that the dividend HAS need declared / proposed BEFORE the year end and is therefore correctly accounted for as a liability.

      However, it’s a good point which you make and you need to watch out for this type of subtle nuance in exam questions

  9. Avatar of evanuom evanuom says:
    July 19, 2012 at 6:57 pm

    hi sir, thanks you for this great explanation. i just have a little problem, when we include the proposed dividend 5000 in income statement, we also need to include it in current liability in SOFP. but isnt this against IAs rule, (stating that we should not include proposed dividend)

    thank u for anaswering, :)

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