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I have a question about paper at JUNE 2008 in question 1, with note (v). I cannot understand why the answer is 2/3*90%*3. I cannot understand the part of 2/3. How to get it? Thanks beforeinJUNE 2008 paper question 1 consolidated financial statements with note(v). The answer is 2/3*90%*3. At the page of 12 answers. Did u see that?
Another one I want to ask is I know the double entry for cash settled is. DR P/l
CR LIABILITY
I want to know in the consolidated statement financial could I decuted amount in the group RE, and added amount in the liability? But for the share option, I just decuted amount in the group RE only? Or how to accounted in the CSOFP? Thanksdear tutor
I have a question about foreign currency, if H is a parent, and ABC is a foreign operation and also a subsidiary of H. if ABC lent $400 to H . HOW TO PROCESS THIS TRANSACTION IN foreign CSOFP? Please answer me specifically. thanks so much!!@310zcx
Subsidiary would represent asset $400 as of the year end in their own currency (applying exchange rate as of the year end).
So, translating subsidiary’s SOFP to US dollars you would receive to $400 (applying exchange rates of their currency as of the year end).Then just eliminate liability in parent H and asset in subsidiary ABC in the amount of $400.
I have two questions one is inJUNE 2008 paper question 1 consolidated financial statements with note(v). The answer is 2/3*90%*3. At the page of 12 answers. I cannot understand how to get the amount2/3? Plz answer it for me specifically! Thanks before!
Another one I want to ask is I know the double entry for share based payment is. DR P/l
CR EQUITY
I want to know ,in the process of consolidating statement financial could I deducted p/l amount in group RE, and added equity amount in the reserve or OCE? Right? Thanks a lot!hi
2/3 is simply 12 months /18 months, from grant date 1/6/7-30/11/8= 18 months, if 10% of employees would leave therefore 90% of them will be paid, employees left between 31/5/8 – 30/11/2008 therefore the employees left has worked from 1/6/7 grant date – 31/5/2008 = 12 months. thats why 12/18
add equity to oce and dr retained earnings
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