[ecaterina34]

I passed with 65 FR United Kingdom. I thought I failed. Could not be happier! Over the moon! Lectures here are wonderful. I had problems with BPP -there were discrepancies in material-not all of my questions have been answered by them. I found Kaplan Book with question bank to be really helpful.

[ecaterina34]

Thank you

[ecaterina34]

When we are looking at proforma we can see that those finance cost/ income adjustments sit separately. At which point do we include them in calculation please?

[ecaterina34]

Oh the whole thing looks bad now. It has all moved to one side when I clicked Submit…

[ecaterina34]

I’m a bit confused. Let’s have a look at the BPP exercise I’ve been doing. What do we have:
Profit or loss statement:
Parent. Subsidiary. Adj. Group
Finance cost. (200). (35). 20. (215)
Finance income. 50. – (20) 30

So is this way correct? Or maybe subsidiary’s finance cost In this case needs to be adjusted by $20 in its column?

Regards

[ecaterina34]

Dear Tutors,please help…

[ecaterina34]

Hi

Does it not matter that there is 9 month period between acquisition and year end?

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