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emerald 12/07

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › emerald 12/07

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by AvatarMikeLittle.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • May 18, 2014 at 4:11 am #169264
    Avataraishaasad
    Member
    • Topics: 159
    • Replies: 182
    • ☆☆☆

    hello Sir,
    i dont get why the prior year adjustment is 465?

    May 18, 2014 at 8:56 pm #169386
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    I need more information! I don’t have Emerald to hand and it seems that the ACCA has taken the December 2007 exam off their website

    May 18, 2014 at 10:01 pm #169410
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Hi

    The answer on page 19 explains it! It’s what the carrying amount for (2004) $300 plus the carrying amount for (2005) $165 should have been if Emerald had been applying the capitalisation of qualifying development expenditure

    It had previously been expensed. Now, with the change in policy, there is required a prior year adjustment

    OK?

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