[julie30]

I would like to join the sessions to please thankyou

[julie30]

The Tb is at end of year always in the question we just do the adjustments…. if there was no cost of sales at all in the TB then it would be Purchases add opening inventory less closing inventory….(i would say that that calculation would be more of a AAT thing and that Q2 ACCA TB will always have a cost of sales in and we only have to do the adjustments) but don’t hold me to i’m only learning like you.

[julie30]

Hi handsome I haven’t done paper yet but just had a quick look and it seems that COS in tb is @ 31 Oct 2008 so has already got inventory in it. just needs the other adj’s in for the final figure..the closing inventory in the TB is for the SOFP working.
Hope this helps
Julie

[julie30]

Cheers for that… just what I need for my revision tomorrow……your a star

[julie30]

Four way equivalence model
A model that proposes a conceptual link between differences in: interest rates, spot and forward foreign exchange rates, expected inflation rates and the expected change in spot foreign exchange rates. its got a diagram of how its used in BPP text page 333.
See also
Fisher Effect
Purchasing power parity

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