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FA Chapter 20 Questions IAS 10: Events after the Reporting Period

 

17 Comments

  1. Thenuka
    Dear John,

    I have watched all of your Free Lectures,

    Could you Please explain what This Option in Question 2) Means & how it's related to adjusting Events;
    "A valuation of property providing evidence of impairment in value at the Statement of Financial Position date."

    Thank You!
  2. John MoffatTutor
    'Impairment' means 'reduction'. So at the date of the SOFP it was worth less and so the value will be adjusted.
  3. Wasim
    Got 100%. Thank you sir
  4. Habbert
    100%
  5. John MoffatTutor
    Great (but do make sure you have a Revision Kit from one of the ACCA approved publishers because they are full of questions to practice :-) )
  6. Wasim
    Sir kindly guide now which is the right book to use for revision and with discount. Thanks
  7. John MoffatTutor
    The Approved Publishers are BPP and Kaplan. You can get a 20% discount on BPP books by following this link:
    https://opentuition.com/20-discount-bpp-books/
  8. jerinjoseph
    Please provide some more questions and answers of IAS10
  9. John MoffatTutor
    No - sorry! We just provide very short tests for you to have a go at, but as we state throughout our website it is vital that you buy a Revision Kit from one of the ACCA approved publishers.
    They contain lots of exam standard questions on all topics in the syllabus (including IAS 10) for practice, and practicing lots of questions is vital to passing the exam.
  10. Suraj
    Thanks sir
  11. John MoffatTutor
    You are welcome :-)
  12. MohamedSupporter
    Wow. I got 100%. Thanks John sir.
  13. John MoffatTutor
    Well done :-)
  14. Tauqeer
    concerning question 4
    Kindly Sir... why issue of ordinary shares a non adjusting event?
  15. John MoffatTutor
    I cover this in my free lectures (which I assume you watched before attempting the test).

    They had not been issued as at the date of the financial statements and are therefore non-adjusting.
  16. kevinkevie
    i think the questions must not be that much few
  17. John MoffatTutor
    You must buy a Revision Kit from one of the ACCA approved publishers. They contain lots of exam standard questions for practice, and practice is vital if you are to pass the exam.

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