[mon0046]

ok i understood..its at cost to S and A, but at sp for the parent ..thx

[mon0046]

how did you calculated the 5m and 4m..what is the reasoning please?

[mon0046]

THIS CERTAINLY DOES NOT HELP! ANYONE READING THIS, PLEASE, PLEASE PLEASE IGNORE. THIS IS A CLASSIC EXAMPLE OF HOW BEST TO THROW AWAY 2 MARKS IN THE EXAM

note that mark up ..is on cost
margin is on sale

P–>S (1/3 * 20)
adjustments needed:
-Retained Earnings P
-inventories
-cost of sale

THIS CERTAINLY DOES NOT HELP! ANYONE READING THIS, PLEASE, PLEASE PLEASE IGNORE. THIS IS A CLASSIC EXAMPLE OF HOW BEST TO THROW AWAY 2 MARKS IN THE EXAM

P–>A (1/3 * 16)
adjustments needed:
-Retained Earnings P
-investment in associate(instead of inventories)
-cost of sale

note if A–> P the adjustments needed are:
-Retained Earnings P(always P)
-inventories
-share of profits of associate(instead cos)

hope this helps

THIS CERTAINLY DOES NOT HELP! ANYONE READING THIS, PLEASE, PLEASE PLEASE IGNORE. THIS IS A CLASSIC EXAMPLE OF HOW BEST TO THROW AWAY 2 MARKS IN THE EXAM

[mon0046]

what do you need?

[mon0046]

hey.. i found that IFRS 9 changed and removed the catogery of AFS investments, and the past paper is before this change was made

[mon0046]

hey, thx for the reply. but becuase the investment in for sale, i think it is taken to OCI and not PL. what do u think?

[mon0046]

these are the articles i know about : https://www.accaglobal.com/en/student/qualification-resources/acca-qualification/acca-exams/f7-exams/exams-f74.html

[mon0046]

HFS: there is the intention to sell(and not holding the asset to use it as NCA), therefore this is classified as current asset, not NCA.

discontinued operation: you recognise in the P/L the profit(/loss) made from selling this operation.(actually, the post tax gain on remeasurment and disposal).

hope this helps

[mon0046]

can you help me with this please? available for sale investment
june 2009 question 1(pacemaker)

i cant understand why gain/loss in FV of investmentsare taken into the retained earnings working. i searched about AFS investments and it says that the gain or loss in FV are taken to OCI and not P/L…so why here the FV gain/loss is taken to the RE?

[mon0046]

yes much better 🙂 thank you

[mon0046]

ok thank you

[mon0046]

its like:
profit before tax
adjustment for:
depreciation/amortisation
profit on disposal
interest for the year
provision
incease/decrease:
trade receivables
inventory
provision <---when is it included here??? because i am consfused. or you can include it where you like?

[mon0046]

i found why .. because the loan is not given by the subsidiary!

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