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FA Chapter 20 Questions IAS 10: Events after the Reporting Period
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Dear John,
I have watched all of your Free Lectures,
Could you Please explain what This Option in Question 2) Means & how it’s related to adjusting Events;
“A valuation of property providing evidence of impairment in value at the Statement of Financial Position date.”
Thank You!
‘Impairment’ means ‘reduction’. So at the date of the SOFP it was worth less and so the value will be adjusted.
Got 100%. Thank you sir
100%
Great (but do make sure you have a Revision Kit from one of the ACCA approved publishers because they are full of questions to practice 馃檪 )
Sir kindly guide now which is the right book to use for revision and with discount. Thanks
The Approved Publishers are BPP and Kaplan. You can get a 20% discount on BPP books by following this link:
https://opentuition.com/20-discount-bpp-books/
Please provide some more questions and answers of IAS10
No – sorry! We just provide very short tests for you to have a go at, but as we state throughout our website it is vital that you buy a Revision Kit from one of the ACCA approved publishers.
They contain lots of exam standard questions on all topics in the syllabus (including IAS 10) for practice, and practicing lots of questions is vital to passing the exam.
Thanks sir
You are welcome 馃檪
Wow. I got 100%. Thanks John sir.
Well done 馃檪
concerning question 4
Kindly Sir… why issue of ordinary shares a non adjusting event?
I cover this in my free lectures (which I assume you watched before attempting the test).
They had not been issued as at the date of the financial statements and are therefore non-adjusting.
i think the questions must not be that much few
You must buy a Revision Kit from one of the ACCA approved publishers. They contain lots of exam standard questions for practice, and practice is vital if you are to pass the exam.