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Hi Mr. Mike
Sir just wanted some tips on reconstruction shemes which are internal and external reconstructions.i have not been able to get any comprehensive examples on this.I want it bcoz it says in the syllabus to show the accounting treatment for recontructions
Best regards
There are some notes on this in the course notes and a small example at the end of the chapter. have a look at that and, if you still have a problem, post again
Hi Sir,
In the Syllabus it says it says just to outline the Treatment and to provide some information on Reconstructions.What will be your advise because i find this topic very Difficult and i am thinking of leaving it.There are some past exam Questions like Dec2002.I am having Difficulties.
Regards
I was looking ata couple of examples in the BPP revision kit earlier. I would imaging any exam question would be along similar lines. You shouldn’t have a problem working through those examples. Try them and, if you’re still struggling, post again
Sir,
Is there a way i can those questions.I dont have a BPP revision Kit.I have tried questions which came under the old syllabus but was not able to understand the concept it is all confusing for me.In OT the exmaple given is of groups but in the syllabus it says entity recontructions.
Regards
yes, the old notes were changed when entity reconstructions didn’t appear for ages.
I think the sensible way to approach the question is to open a reconstruction account. Any figures which are going to change and be replaced with new ones need to be transferred to the recon a/c. The new replacing figure will also be double entered through the recon a/c. In addition, one of the BIG things about a reconstruction exercise is to get rid of the debit balance on ret earnings, so Cr ret ears and Dr the recon a/c
If you try that approach and depend upon double entry principles, you should find that it works.
As for getting copies of the BPP revision kit questions – I’m sorry, I can’t help. Nor can I encourage you to post on a forum page or in the chat room a request for any other student to let you have a copy.
I believe this has been done in the past but it’s in contravention of BPP’s copyright – and I’m certainly not going to encourage you to do that!
Sorry
Thankyou very much sir for your help.I think what you have said can be a good base for my answer if it comes in the paper.
Sir,
I just got the book i ordered it.I went through the questions and found them much better than i saw in the past exam papers.
I am preparing for current issues question i have got some excellent notes on EDs of revenue leases and prvisions.What would be your advice which ED is more important.I a concentrating on these three.
Best regards
Hi again Sir I did the Question XYZ
What i did was just used the Retained Earnings Opening Figure and worked out through it without opening a seperate accout of reorganisation Ac i found it it much easier because i was gtting confused what to put through Reorg Ac and answer was same as that of the book.I hope i am correct.It is simple double entry principles like if you cancel shares You Dr Shares account and CR retained Earnings Account.Please correct me if i am wrong in my above approach.
Thanks
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