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ACCA FR Chapter 24 Group statement of profit and loss Questions


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Comments

  1. sh4n1 says

    September 26, 2020 at 3:26 pm

    @bulgermarina , that is to calculate the PURP, i.e. to reach at COS figure

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  2. stegeo says

    February 9, 2019 at 2:07 pm

    Hello, Could you please explain me how total revenue is calculated on questions 5, 6 and 7? Many thanks in advance.

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    • MikeLittle says

      February 9, 2019 at 7:46 pm

      If we have 3 months pre-acquisition and 9 months post-acquisition and post-acquisition monthly revenue is on average twice the pre-acquisition monthly revenue, then revenue for each of the 3 months pre-acquisition is, say, $1,000 and revenue for each of the 9 months post-acquisition is therefore $2,000

      So total revenue for the year is $3,000 + $18,000 = $21,000 of which $18,000 (or 18/21) relates to the post-acquisiiton period

      Now eliminate any intra-group revenue and there’s your answer

      Is that better?

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      • stegeo says

        February 10, 2019 at 1:26 pm

        That’s been cleared up now. Thank you for your prompt reply.

      • bulgermarina says

        May 19, 2020 at 8:17 pm

        Hello, could you please explain me: in question 5 « Whey had managed to sell only 1/5 from 25000 purchased ». Doesn’t it mean that we need to do adjustment only for 20000 left in the group? Thank you

      • Akunyili says

        May 4, 2022 at 7:49 am

        Please I still do not understand your explanation if how we calculated revenue in questions 5 to 7.

      • rezaul070797 says

        June 2, 2022 at 3:38 am

        Thank you Sir,
        for a great Explanation which make the context calculation clear.

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