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A question in kaplan study text says that “Prepare income statement for the year ended to 31 march 2009 and a statement of financial position as at that date without accompanying notes”.
Can we make notes of adjustments to aforementioned question of published accounts or workings in that regard. and will such requirement appear in exams?“…without accompanying notes.” means that you are not required to prepare the “Notes to the Financial Statements”!!!
Of course you are required to show workings and the way you have arrived at figures in the financial statements.
What on Earth did you think the question was examining? Your ability to calculate figures without showing how you arrived at them?
so , in addition to or in place of workings to figures in financial statements can we make notes to financial statements , in aforementioned scenario ?
Why would you want to? The question requirement specifically tells you not to so there are no marks allocated to writing out notes to the financial statements.
If you desperately wanted to, then I suppose you could. But then why would you not also prepare a Directors’ Report, a five year summary and a Report on the Company’s attitude to Corporate Governance.
None of those will score marks either but, if you really want to waste your time writing out Notes to the Financial Statements, you could maybe be interested in these other elements too.
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