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Studyhub, Rizwan Maniya, Steve willis youtube and ACCA study resources on youtube.
Opentuition, Tashwita Gupta, study hub (I didn’t use kaplan/bpp kits) past papers, examiners report. Also used acca videos on youtube (very helpful).
Hi, This is the question from the acca study hub. Quite confusing as they calculated the FVTPL and Amortized cost using expected cashflows.
Suarez purchased a five-year bond on 1 January 20X0 at a cost of $5 million with annual interest of 5%, which is also the effective rate, payable on 31 December annually. At the reporting date of 31 December 20X0 interest has been received as expected and the market rate of interest is now 6%.
Required:
(a) Explain how the financial asset should be accounted for at 31 December 20X0 if it is classified at:
(i) fair value through profit or loss (FVTPL), and
(ii) amortised cost.Hi, have you gotten a buddy yet? I’m Favour, let me know if you’re interested. Thank you.
The exam was okay. The section B was super tough for me, especially the “incomplete” contribution graph.
Also had the transfer pricing question and variances in section C.
Twas relatively tough. You have to know it to even attempt the question.
Hoping for the best.
