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ACCA F7 June 2011 Question 2 Highwood

VIVA

ACCA F7 past exams lectures Download ACCA F7聽Q&A


Reader Interactions

Comments

  1. pejz says

    June 6, 2016 at 1:33 pm

    good day mike

    i’d like to know why is the loan a compound instrument…..and why use the 10% discounting rates rather than the 8%…..thank you

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    • MikeLittle says

      June 6, 2016 at 4:42 pm

      Am I not correct there’s a conversion option whereby the loan note holders may opt to convert the debt into equity

      So the money raised from the loan note issue is partly debt and partly equity

      OK?

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  2. pejz says

    June 6, 2016 at 12:28 am

    good day sir

    why wasn’t the dividend paid of 5600 supposed to be charged to retained earnings. please explain… thanks

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  3. Lua says

    December 3, 2015 at 2:13 am

    Can I check, for adjustments relating to convertible loans, there is the effective interest and cash coupon component. When we adjust into the statement of profit and loss, do we take the net of both under finance costs or do we just include the effective interest amount? I am seeing differing solutions for questions of the same nature.

    thanks.

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  4. Accountaholic says

    May 13, 2014 at 10:56 pm

    The balances in the Trial Balance are as at the year end – 31 Mar 2011. When calculating Deferred tax and Current Tax, why did you bring the balances down as brought forward balances?

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  5. tauraiversatile says

    November 25, 2013 at 11:04 pm

    Thanks Mike, but I still cant get the factoring part, point 3. I got the second part of adding interest and subtracting payment as we do with leases. I hope this wont be in the exam 馃檨

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  6. zainabruthsalawu says

    November 22, 2013 at 10:49 am

    please ca i get the revision lectures for December 2012 exams?

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    • MikeLittle says

      November 22, 2013 at 11:06 am

      Sorry Zaina, they don’t exist

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  7. nkmile64 says

    April 13, 2013 at 8:31 am

    Thank you for a very informative lecture relating to a rather difficult question. Too many things asked in such a short period of time but yet the lecturer has the ability to present it in a flawless manner.

    Where can I find more information about the factoring criteria? I mean is it mentioned in a specific IAS or IFRS?

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  8. littlecharley says

    June 10, 2012 at 10:41 am

    i wondered why we depreciate the buildings for the current year before the revaluation has been put through even though the revaluation happened at the start of the year? so surely the revalued amount is subject to a full year of depreciation??

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    • littlecharley says

      June 10, 2012 at 10:43 am

      @littlecharley, woops sorry forget that. i paused it when i got confused but unpaused it and its not being depreciated as i thought!

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  9. ibrahim35 says

    April 17, 2012 at 12:18 pm

    Thanks

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