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JUNE 2012 FRESCO ADJUSTMENT 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › JUNE 2012 FRESCO ADJUSTMENT 3

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 5, 2017 at 7:53 pm #384987
    ruqayyah5897
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    what happens to the fraud of 4 million. i can not see where it has been accounted in the sofp and sopl in the answer..

    May 5, 2017 at 8:22 pm #384996
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    Without me looking at the question, is this the one where a fraud was discovered this year where some of it related to last year

    The last year element is used to adjust the reported results from last year and is shown in the revised statement of changes in equity

    Only the element of the fraud relating to this year is included as an exceptional item in this year’s statement of profit or loss

    If this hasn’t answered your question, post again and I’ll see if I can find the question and the missing $4 million

    May 5, 2017 at 10:26 pm #385006
    ruqayyah5897
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    thanks i got the answer 🙂

    May 6, 2017 at 5:36 am #385018
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘JUNE 2012 FRESCO ADJUSTMENT 3’ is closed to new replies.

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