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@erathan said:
So much hard the Exam was.
How come There is a Business Model remeasurements and IFRS 16 leases.
I have never found regarding these ini any of the past papers ….
So much disheartening, hoping only to pass ini April…I read “business model” and I quickly write about IEI and investment in debt….I suppose should be about IP and PPE right….
@elliereza said:
SOME WHAT I REMEMBER
Q1) a) CSFP- Sub 80% (name Butter) impairment (net assets recoverable amount)
FVA adjustment of Unrecognized Intangible at Acq’n
second sub (name jam) was 100%, GW cal, then IFRS 5 HFS, which also impaired
Pensions and SBP
Joint ventures and Operationsb) IFRS 5 HFS and regulator approval and buyer commitment for second sub jam
c) recalculating NCI of all previous subs and economic vs substance form and ethicsQ2) ADVICES
Forex and associate, national bank rate or Government rate
lease rental cars and no depreciation, only dep’n when it given to customers
investment property and assets different measurements, business modelsQ3) IFRS 16 leases and complex calculations
IFRS 13 FV level 1 advice
IFRS 15 revenue and complex calculationsQ4) Discuss
Assets and liabilities and Uncertainty, with framework
Provisions recognition, and uncertainty
Materiality
IFRS 5 and investment propertyFor NCI recalculation for past consolidation, is this allowed? I thought goodwill cannot be changed unless impairment or disposal….for future consolidation I guess OK?
@nataly1986 said:
What was the answer for depreciation of leased vehicle that wasn’t used? Was it correct not to charge any depreciation?How should we have accounted for consideration of 10% received later as part of the sale with all of these probabilities?
I refer to IAS 16 to answer this Q, the PPE’s depreciation start when “available for use” not actually put in use.not sure if its correct or not, time is so tight, I just throw into answer whatever came into my first thought……and my hand writing is just a mess hopefully marker can recognize though…….