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ah I see. So the trick here is to always look at what currency the contracts are denominated in (the words of the qn), rather than guessing or inferring from the option table?
ah I see. So the trick here is to always look at what currency the contracts are denominated in (the words of the qn), rather than guessing or inferring from the option table?
It’s fine AAA is much harder , you will definitely pass sbr next try. Congrats on ur pass for AAA
No time to finish. Surprised the sme standard came out caught unprepared. Anyone knows if the perfume question had IFRS 8 operating segment involved for the last section regarding the internet business ?
I have the same thoughts as you but unfortunately couldn’t answer many questions due to lack of time and mental block. Some of my neighbours have already given up and were sleeping during the test.
It’s my first acca and Sbr paper. For the first question they didn’t give average rate but in the bbp revision kit they said ias permits closing rate for impairment translation to $. Damn I put opening rate for the impairment. Looks like I’m not going to make it for this one. The one about the barrier addition in the stadium ? is hard I think it’s expense as it doesn’t really add economic benefits and it’s cost added after asset is ready for use. And I skipped 2 whole sections on the one on restructuring costs and anyhow wrote about the ethics question on confidentiality and familiarity threat.
Hi Mikelittle,
Hope you are still at opentuition. The solutions from acca are:
Dr Property, plant and equipment $32·58m
Cr Profit or loss $11·58m
Cr Revaluation reserve $21mWhat I do not understand is why didn’t they DR the accumulated deprecation of 2.58 to 0. Isn’t that the usual method everytime we revalue sth in this case to 105mil?