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- September 4, 2023 at 7:09 pm #691341
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 #584094My 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 aboveon 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, - AuthorPosts