[markobeograd]

Again same thing with ACCA, little time for very demanding tasks. I am aware that this is professional level, but examiners should to test our knowledge, and not our ability to write fast.
I am of opinion that these exams should be at last 4 hour tested, in order to give time to candidates to think and express that.
However
q1 too much details and cut off dates. i am wondering what should be done with increases in value of Caller up to 310 from 280 after inclusion into the Group. For the first revaluation up to 280 from 260 I debited other components of equity and made transfer to group’s retaind earnings, but for second I did not know what to do and where this surplus should be transfer or eliminated.
Also tricky issue with loan with confusing figure of 48.5. I discounted 50 milion in three years time rate 6% – get 42and accounted interest for one year (6%) with deduction of already accounted interest of 1.5 (50*3%). However I did not know where to transfer difference of loan’s carrying value and my computation beside of lowering of financial asset.
Office space revaluation was also tricky as during my review of past exam papers I have noticed that revalution loss needs to be deducted for the amount of portion of annually depreciation. Probably in rush – I spent 2 hours for this question – deducted amount which relates to retained earnings instead to added it.
Regarding impairment of goodwill I am wondering whethet only parent portion of 60% should be set agains goodwill and ppe, while rest is not group relevant. I deducted only 80 from Goodwill and rest 100 against ppe.

Other questions were easy for me, but I did not have too much time so was enforced to briefly disscuss them.
If there will be enough time other questions would not be problem for me.
q2 – IFRS 8 operating segments, IAS 18 deferred revenue, IAS 37 provision together with IAS 10 events after reporting date and finally IAS 20 goverment assistance together with IAS 16 ppe
q3 – IFRS 17 lease (issue with finance lease of land – despite of indefinite life), IFRS 5 with disposal of subsidiary, IFRS 40 investment property, rest of this question can’t remember.

Best regards.

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