[rey270]

haha. yeah. most of the question as expected!

thanks to john moffat for the tips though!

ACCA should concern about their expenses.lol

[rey270]

basically, most of the question haven’t question about it yet.

hope it won’t be this year. *finger crossed

[rey270]

its ok but concern about the time.

but its quite difficult on Q5.

others are ok. can answer. hoping for 60%. *finger crossed

[rey270]

No Blue pen please as you might escorted to nearest emergency door. 🙂

[rey270]

all the best to all.

hope for easy questions. 🙂

[rey270]

You also can calculate as 80*3.5 straight away. And no need to add 80 as it already included.

[rey270]

HI.

The PURP stands for parents unrealised profit or just unrealised profit?

If its Parents unrealised profit, then you will NOT INCLUDED in the net assets of subsidiary.

ONLY SUBSIDIARY’S NET ASSETS that take place AT THE DATE OF ACQUISTION will included in calculation of net assets of subsidiary.

The net assets includes:
Share Capital
Share Premium
Pre-revaluation reserve
Pre-retained earnings (this is where unrealised profit should be deducted when the transaction take place before acquisition)

That’s what i thought. I dont know about the others.
ALL THE BEST=)

[rey270]

thanx for your help.
i will try my best in theory part.
somehow the terms keep making me confused.
anyway i’ll follow your advice.

[Author]

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