[auditt]

The accounting package we use closes off the prior year and so doesn’t allow us to go in and post any entries into that period

I suppose then we just post the journal entries into the current period and these will be taken into account when preparing the current periods FS’s so that they are not recognised twice?

[auditt]

That was my worry but due to the change since september i thought this would be the case i.e just a small extract

I will look at the lecture now

If it was to come up would it be in replacement of interpretation or is this again guesswork?

I was under the impression one part of section c would be between published accounts of single entites or consolidation and the second part would be interpretation

Or am i wrong again???

[auditt]

there is a further bullet point after ‘by estoppel’, which is by neccessity

but estoppel is not explained after the bullet point, they are only listed. the lecture goes into case study but now the format of the exam has changed, its hard to grasp the concept of the notes

apologies you are doing a great job, its just i am finding this difficult and its stressing me out

[auditt]

thank you for the prompt reply

this is where i am confused, there are no bullet points following ‘by estoppel’ so we are not able to further our understanding of topics listed like this in the notes

by repeated question practice, it is more memorizing answers rather than actually understanding the subject I feel

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