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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › issue cost
Hi Sir,
can you please explain while calculating the issue cost on the finance required for the project ,when do we gross up the amount of finance? As in strayer 06/02 (Q28 bpp) they have not grossed up the amount whereas in fubuki 12/10 and neptune 6/08 they have grossed up the amount required for the project
It is really a question of the assumptions made.
The issue costs will either mean raising more than required (i.e. grossing up) or will have to be paid out of cash reserves. Unless the question specifically says which, then it doesn’t matter which you assume (but as always do state your assumption).