• Skip to primary navigation
  • Skip to main content
OpenTuition | ACCA | CIMA

OpenTuition | ACCA | CIMA

Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Forums
  • Search
  • Register
  • Login
  • ACCA Financial Reporting:
  • FR Notes
  • FR Lectures
  • FR Practice Questions
  • FR Flashcards
  • FR Revision Lectures
  • FR Forums
  • Ask the Tutor

ACCA FR Chapter 24 Group statement of profit and loss Questions


Spread the word

Please spread the word so more students can benefit from our study materials.

Donate

If you have found OpenTuition useful, please donate



Reader Interactions

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

    Log in to Reply
  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.

    Log in to Reply
    • 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?

      Log in to Reply
      • 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

Leave a Reply Cancel reply

You must be logged in to post a comment.

Copyright © 2021 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy