ACCA FR Practice Questions ACCA FR Lectures
Comments
Leave a Reply
You must be logged in to post a comment.
OpenTuition.com Free resources for ACCA and CIMA students
Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums
Dear Sir,
in Q#5-NCA-MCQs of BPP Kit, the Interest income is calculated from when Loan was drawn down(from 1 May(6 month)). im now totally confused. shuold it be calculated from 1 May or 1 July/ could you plz clear it for me?
thanks
Please ask this sort of question in the FR Ask the Tutor Forum and not as a comment on a lecture.
Hi,
They were tricky. I only got Q3 correct. Can anyone give some guidance on the other 3?
Thanks
In Q2 it’s not very clear when the funds are invested to receive investment income. I think it is open to interpretation, as the money could be invested when the funds are drawn down, or once the construction work commences.
Hi,
The interest received on the invested funds can only be deducted when the interest expense is being capitalised, so we can only do this for the period from 30 June 2014 to 1 November 2014 (i.e. 4 months). In this instance it then doesn’t matter whether the money is invested immediately when drawn down or when construction commences, we can only net off the amounts from when construction commences.
Hope this clears it up.
Thanks
Yes it is clear sir, thank you so much.