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October 28, 2021 at 8:17 pm
From Example 3 in SPL, what was left from the inter-group sales was 1/4 of the sales. In your answer in the class note, you DR the Revenue with the entire amount instead of 1/4 of the sales left in the inventory and CR Cost of Sales with same.
Please, kindly clarify this.
February 2, 2021 at 6:04 pm
Hi you havent uploaded the example of adjusment plz upload one for better understanding. Thanks.
September 10, 2020 at 1:32 pm
I have a question please.
If there was a loan interest paid from subsidiary to the parent, will the Reversing adjustment go into consideration when calculating the profit for the year for subsidiary (in order to calculate NCI)?I hope it make sense. Or this adjustment will be siting separately and will not affect calculation for NCI?
August 27, 2020 at 4:46 pm
Ignore the above question. My brain went for a walk ?
May 31, 2019 at 3:17 pm
In chapter 24 example 2, why did we deduct NCI by the total impairment amount i.e 20, should not be allocated between the P and NCI
September 1, 2021 at 5:16 pm
When you take 20% of profits of subsidiary to calculate NCI;s ownership, you automatically are taking 20% of that impairement.
May 18, 2019 at 12:58 am
Sir, Can you please tell why in question 2 you added 20 to the administration expenses (90+)((6/12×50)+20).
May 18, 2019 at 1:00 am
Sorry.. it was (90+(6/12×50)+20).
October 21, 2018 at 10:02 am
Was going through example 2 on chapter 24. and I think there may be a issue with the cost of sales for the group Calculation given is (1205 + ( 990*6/12)) which fo me total up to 1700 but you have 1403 ?
Also should the goodwill impairment not appear somewhere ?
December 31, 2018 at 3:22 pm
The answer has now been updated and should be correct.
February 3, 2019 at 11:03 am
Hi Chris, Example 3, page 98, the NCI interest in the Group profit, I think sould be 20% x $11,500= 2,300 (not 20% x 10,000)
October 18, 2018 at 9:58 am
There are so many videos and information missing throughout this. When will they be put up?
October 11, 2018 at 4:38 pm
the video for example 2 is missing too. Throughout these FR videos there seems to be so many missing!
June 30, 2018 at 5:55 am
Wheres the video for example 3
August 3, 2018 at 12:04 pm
Same question. Thank you.
August 3, 2018 at 12:54 pm
I think there was an issue with the initial recording and I’ve not had time to record it again. Whilst there is no video, please use the answer in the class notes and it you have any questions then please ask them on the forum on the website.
August 27, 2020 at 4:42 pm
In exp 3 with regards to PUP and adjustment to Revenue and Cos should they both not be deducted? And also 500 PUP be deducted making GP @ $100500 not cost ( as done in answer)Hence the PFY changes. Please explain. Thanks in advance.
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