[brybee]

Hi

Where do we find the CPD articles on the ACCA website?

Thanks

[brybee]

Thanks ftloose and anon39, your advice is helpful

[brybee]

Agreed

[brybee]

Hi I found the exam to be tricky. Esp Q31! I thought we had to adjust for the management costs etc to show performance of the company in the context of being acquired.

Q32, I showed no adjustment to goodwill for the provision. This is because I figured that the provision would need to be added to the cost of the mine and be depreciated over the length of the project. ie DR Asset £4000 and CR Provision £4000.

then the movement by the end of the year would be depreciation and provision increase both time apportioned.

Did anyone else take this approach?

[brybee]

Hi I found the exam to be tricky. Esp Q31! I thought we had to adjust for the management costs etc to show performance of the company in the context of being acquired.

Q32, I showed no adjustment to goodwill for the provision. This is because I figured that the provision would need to be added to the cost of the mine and be depreciated over the length of the project. ie DR Asset £4000 and CR Provision £4000.

then the movement by the end of the year would be depreciation and provision increase both time apportioned.

Did anyone else take this approach?

[brybee]

hi

Leaving estate to grandkids rather than children avoids paying tax twice i.e. a house could be left to your DD who pays IHT on it and then when she dies and leaves it to her DD/DS , IHT will be due again..
so if your kids are already financially in a good position it makes sense to skip a generation and leave inheritance to grandkids

[brybee]

thanks for the very helpful answer!

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