IAS 37 – Measurement (present value) – ACCA Financial Reporting (FR)
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Does it mean that to get discount, we should use the discount factor amount but to unwind the discount, we are using the % from cost of capital ?
Hi, How does one determine the cost of capital and discount factor if you are not given?
Hi, why 6 months of finance costs in the P&L in Dec? Shouldn’t be just one month? Isn’t the unwinding done monthly?
Many thanks
Sorry I get it now, this is the PnL for the whole year, not just Dec. In this case, why is not mentioned the other 450k in the profit and loss as an expense and just the finance costs?
Is this part of the 2020 syllabus?
I can’t seem to see it in my Kaplan textbook!?!
Look at the syllabus…
B-7:
(c) State when provisions may and may not be made and demonstrate how they should be accounted for.
(d) Explain how provisions should be measured.
So is it in the syllabus? I can’t seem to find the notes within this lecture in the FR notes?
Hi, I have a question on the discount factor. Are these always going to be provided to us in the exam or might we be in a situation where we will have to calculate it ourselves?
It should be but just in case it’s useful to refresh the formula before exam