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ahsanpervez@rocketmail.com giving p4 n p7
actually dividends aren’t translated on average rate it has to be translated at actual rate though actual rate is not given but u can calculate the dividend paid because the dividend paid to parent is 14000 n that is 70 % of the dividend as parent is holding 70 % shares if we want to calculate the 100 % we will do 14000 * 100 / 70 = 20, 000 now this is translated dividend paid so now profit after tax 175000 translated at 6 = 29167 – 20,000 = 9167
their share of net asset’s minus this year retained earning translated at closing rate of previous year plus their share of goodwill last year not yet impaired……
1160000-50000=1110000/5.9=188136 * 30% = 56441 + 6509 = 62949
well as we know that DR. balance can only b expense or asset and here the DR. balance can’t be written as expense becoz not recognized yet so we hav 2 add that to Asset n then recognize as an expense
well i have prob. n this example also why in retained earning we haven’t accounted for dividend’s as we do account for them when working for retained earning???
no this was the figure in 2002 i guess it say’s that same impairment is charged in 2004 that is of 30 %
well the actuarial gain or loss is recognized in SOCI so no need 2 take that in SOFP I guess…….
yah as far as bpp and kaplan study material is concerned they say that this would b very Exceptional case when the Goodwill b restated as mentioned above in example as court ordered n this cam a legal issue n 2nd if the Goodwill of that company can go down becoz of the news then it can also go up as well coz the same newspaper wil b apologizing.well that is what common sense say’s I guess. but If one is not sure he or she may right assumption in paper that to me this is not an Exceptional case so Goodwill can’t be restated or vice versa……….
by covering the whole syllabus what does 1 mean ?? is that memorizing each n everything ????
well what I understand is that U need 2 build ur concept’s for instance u should know how model work’s instead of just ratalization( means learning theory again n again) just concentrate what the model is trying 2 say n I agree with gromit that the level of theory given in OT notes is enough go through that understand the theme n go to past paper’s see how 2 apply that coz examiner gives u all the info all u need is to apply that correctly.
so u mean 2 say that If it’s not written that PSC plan or scheme was applied on first day of relevant accounting year u dnt need 2 add PSC ???
Well as far as i hav understood n I have also gone through OT notes the PSC hav 2 b added before calculating interest n when using 10 % corridor even then u hav 2 add psc ……
well what i knw abt loss is that loss is an expense and expense is debited as u knw, when the debit goes to b’sheet then treated as asset ……asset’s are always dr.
hay guyz can any one pls give me link for deferred tax lecture video if any or notes relating to IAS 12 def. tax (except opentuition notes coz i hav already done that )
Thank’s
