[Marko]

Hi Lucie,

I was thinking the same till I’ve learned (from past exams) that are substantive procedures also on Revenues and Purchases where income statement assertions apply.
Unfortunatelly, this part of the syllabus is omitted in my Kaplan book…

[Marko]

To simplify,
when a trader is commencing trade for 15 months, AIA and WDA are pro-rated (extended to 15/12),
when a company is commencing trade for 15 months, CA is divided in two (12 + 3 months) separate computations?

[Marko]

Thank you, it is more than enough.

[Marko]

Hello,

what is a difference between an ordinary resolution and a written resolution?

[Marko]

Thank you John!

I was guided with one sentence from a Kaplan book: “A feedback system would simply compare the actual historical result with the budgeted results”.

They have the common ground (historical figures), but they are using it for a different purposes.

Best regards!

[Author]

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