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Profit before tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Profit before tax

  • This topic has 3 replies, 2 voices, and was last updated 12 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • June 4, 2012 at 12:12 pm #53092
    nesiann
    Member
    • Topics: 3
    • Replies: 7
    • ☆

    Can someone plz tell me how to calculate pbt if figure not given in a cash flow question

    June 4, 2012 at 4:54 pm #99145
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23310
    • ☆☆☆☆☆

    Are you kidding?

    June 4, 2012 at 5:25 pm #99146
    nesiann
    Member
    • Topics: 3
    • Replies: 7
    • ☆

    Dont the question was stated correctly i meant using previous and current retained earnings figure, aside from the difference is there any adjustments to consider?

    June 4, 2012 at 9:22 pm #99147
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23310
    • ☆☆☆☆☆

    Of course there are! What about dividends paid out of retained earnings? Profit before tax will normally not be an issue. But Steve Scott MAY not give you a statement of changes in equity where you would find the dividends declared out of retained earnings. In that ( rare ) situation, retained earnings brought forward + profit after tax – dividends declared should = retained earnings carried forward

    Better?

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