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Specimen paper dec 2014

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Specimen paper dec 2014

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • November 23, 2014 at 11:31 am #212374
    noush24
    Participant
    • Topics: 20
    • Replies: 9
    • ☆

    Dear Sir,

    Could you please explain question 4 on specimen paper.
    Why should we amortise development costs and why multiply by 3/12 from march to June?

    November 23, 2014 at 2:08 pm #212419
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Why have you posted the same question twice?

    We are not amortizing development for three months – March to June

    Point 1, March to June is FOUR months (use your fingers always whenever you have to count months!)

    Point 2, we are amortising from July to September and that’s the three months

    Point 3, please do not multiple post the same question!

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