first of all thank you for the lectures. secondly in question one part B. do we not subtract the un realized profit from NCI. Because in lecture example we add the unrealized profit with cost of sale and subtract it from NCI. but in here we add in cost of sale but did not subtract form NCI.
If there is inventory left that was sold from one of the company’s to the other company, then the consolidated retained earnings depend on whether the parent had sold the goods to the subsidiary, or the subsidiary had sold the goods to the parent. They will not remain the same at all.
I would like to ask you about the Q1 of Section B (parent-sub companies). In the last part (4 marks), are you getting some grades if you think that only two are correct and you choose for example B & C? I mean will you get 2 marks for that or you need to find all the correct answers?
first of all thank you for the lectures. secondly in question one part B. do we not subtract the un realized profit from NCI.
Because in lecture example we add the unrealized profit with cost of sale and subtract it from NCI. but in here we add in cost of sale but did not subtract form NCI.
Because the parent had sold the goods to the subsidiary. Therefore the parent had taken the profit.
The NCI is only affected is the subsidiary had sold the goods to the parent and therefore the subsidiary had recorded the profit.
thank you:)
You are welcome 馃檪
We do this any method ..Retain earning remain same ….this is point.
That is simply not true!
If there is inventory left that was sold from one of the company’s to the other company, then the consolidated retained earnings depend on whether the parent had sold the goods to the subsidiary, or the subsidiary had sold the goods to the parent. They will not remain the same at all.
Can you assist me with assignment? i am doing introduction to financial accounting long distance but i am failing to understand
You need to watch our Paper F3 lectures. They are a complete course for Paper F3 and cover everything needed to pass the exam well.
Hello,
I would like to ask you about the Q1 of Section B (parent-sub companies). In the last part (4 marks), are you getting some grades if you think that only two are correct and you choose for example B & C? I mean will you get 2 marks for that or you need to find all the correct answers?
Thank you in advance!
There is 1 mark for each one that is correct. So you would get 2 marks on what you suggest 馃檪
Thank you very much.
You are welcome 馃檪
how do I get to the specimen exam?I try but the only things I see is advetisments
try this link
https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f3/specimen%20exams/f3-specimen-j14.pdf
It is from the official website of ACCA.
There is a big blue button above the lecture, on the right, that says ‘Download F3 Question Paper’ on it.
When I click that button, then I instantly get the question paper in front of me 馃檪