[beokbeok]

Thank you for your reply.

If it is irrelevant how many people end up taking the discount. Why can’t I calculate example 2 of chapter 5 in the following way?

Current receivable days: 30*20% + 60*50% + 90* 30% = 63 days

Offer discount 1% for payment within 30 days.

(1+1/99)^ 365/(63-30)-1 = 11.76% < 15%

Should offer discount. (which is wrong)

[beokbeok]

Hi John,

60%*15+40%*40 = 25 days,
therefore with discount, we will shorten receivable days by 40-25= 15 days.

( (1 + 1/99) ^ (365/15) ) – 1 = 0.277

There is not one answer of 27.7%. Many thanks.

[beokbeok]

Does the bank certificate only cover information until the client’s year end? If I want to check after date payments to verify the completeness of the trade payables balance, do I need the client’s post year end bank statements as the bank certificate won’t give me that information? Thank you.

[beokbeok]

Does the bank certificates as detailed as the bank statements? Many thanks.

[beokbeok]

Thank you~

[beokbeok]

Hi Mike,

But why in BPP revision kit Q38 (Hillusion) and Q39 (Hydan), goodwill impairments are both deducted from NCI (SofCI)? Thanks.

[beokbeok]

This is the answer from the ACCA: You can use your answer booklet for calculations. Please put a line through any rough working that you do not wish to be considered as part of your answer.

[beokbeok]

Thank you very much. That helps a lot.

[Author]

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