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There must be an error in the “part disposal” part of the answer to this question.
Clear, Thank you!No, I am very well comprehended with the IFRS 15 standard. Yes, the question states that the transfer meets the requirement of IFRS 15, and hence shall be recognised as a sale. However, the question has not indicated the part disposal or perhaps I have failed to recognise that indicator.
For your reference, the question states that.“In Dec 20X4, a leisure centre complex was sold for proceeds equivalent to its fair value of $35m, the related assets have been derecognised from the group SOFP, and a profit on disposal of $8m is included in the group SOPL for the year. The sale qualifies in line with IFRS 15.
At the date of disposal, the FV of the complex was $33m. According to the group’s website, it continues to operate services from this leisure centre and a lease liability of $22m has been created on the 20X5 draft financial statements concerning the complex.”Does subsidiary and associate both suffer goodwill impairment or it is just the associate that suffer goodwill?
Thank you now I got this.
Can you please help me as to how can I open the complete answer as just part of the answer can be seen.
Also, I am unable to unveil the answer in the explanation of the correct answer portion, like not all of it.
Yes, it is mock that is on your website. I am unable to copy paste the question.
But the question is regarding Fling Co. The question asks to calculate the Net savings if the company proposes a discount.What if I choose the value for example as the demand for x or y given for calculating the contribution.
I have done one of the past papers question relating to this topic where I chose the value of sale for X, my answer was different from the examiner’s answer.
I must admit one thing the way u solve out the questions is far more easy way then it’s mentioned in the examiner’s answers.
Thank you for making things easy 🙂
At the time of calculating increase in after tax income in part b the examiner has multiplied by 0.8!
I am I think struggling with starting that question in the way I have learned from ur lectures, beside that from where the 8% is used in the question?
I have watched out your lectures but I guess I missed out this point.
Thank you for making it clear to me 🙂Can u plz make it easy for me this line what does that mean??
This investment in working capital is expected to increase in nominal terms in line with the general rate of inflation.
Thank you
Sir,
Can this question also be done in a way that we just initiate it from current trade receivables and then the revised trade Receivables as it has been done in previous past papers!Thanks
Why do we add interest payment and operating cash outflows to overdraft when it will be paid in the month of January?
I am able to work on basic variance but the prob occurs when it comes to advanced variances any tip to that would be really helpful!