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Regarding the beta calculation. Why the weighting (75:25) is applied to the asset beta, rather than the equity beta?
For the first Q, I suppose you should just include a negative value of 3000 for FV adjustment, thus increasing the goodwill. For the post-acq period, the profit would increased by 1000 per year because of the FV movement.
For Q2, if the revaluation done before the recognition, i suppose you should account it under IAS 36 so treated in OCI. Are these questions in this sitting. Kind of complex. ==
If the PVMLP is substantially lower than the FV of the asset, the lease might be an operating lease.
However, if the lease is a finance lease, the it should be recorded as an asset and a liability at the lower of the fair value of the asset and the present value of the minimum lease payments.Hope so. Btw, the latest examinable documents list contained in ACCA website does not include ED : reporting entity and ED for the provision. Does it mean that it is not examinable for this sitting???
The sales order entries entered by the order clerk. So the suggested solutions might not contain all the available audit procedures?
From my understanding, it’s like in a supermarket which uses EPOS, the sales is automatically recorded when the item is sold (using the bar code scanner). The sales will electronically go into the GL and finally the final sales revenue figure. You can’t vouch nothing since you don’t have any invoice or whatsoever. So we will test the control to make sure that the sales figure electronically run through the system is correct.