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mtsatsi

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Active 1 year ago
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Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 4, 2023 at 7:09 pm #691341
    mysterymtsatsi
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    I belief i had the same, Q1 a bit unusual like your saying a family owned business as opposed to the usual group scenario… we played our role lets let God to play his…Amen

    September 8, 2020 at 1:32 pm #584094
    mysterymtsatsi
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    My time management was a mess, on question 1, I 1st made some analytical procedures, made reference to materiality PRA(PBT,revenue, TA), on internally generated Intangibles, IAS 38 requires a split between research &Dev, expense the former, capitalise the latter provided PIRATE criteria is met.
    on the procedures, and matters to consider, I share the same as above

    on Q2, I made reference to LEAHEM acronym on QC, and made reference to the scenario.
    I also made reference to IFRS 15 with 5 steps/stage for revenue recognition
    Q3- I ran out of time and just attempted section b for 10marks… Only God knows,

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