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ACCA website = examinable documents
iasplus website has very useful summary of each standard
🙂
Equity based:
– reward usually share options
– calc uses FV of instrument at grant date
– Cr EquityCash based:
– reward is cash
– calc uses FV of instrument at SFP date
– Cr LiabilityAssume it’s PPE.
Dr PPE Cr Revenue
Don’t forget – ONLY USE JOURNALS IN THE ANSWER WHEN ASKED – JOURNALS ARE NOT EXPLANATIONS
🙂 🙂
If your double entry is OK, sprend some time on FR.
If your double entry is not OK – briefly review FA, then work on FR.
The key aspect of FR is the accounting standards – re-learning the rules.
🙂
Fair point. You would need the historic rate if you had to prove exchange differences in OCI.
However (trust me!) I would probably show the translation at both rates. 🙂
Please refer to Kim’s answer in AAA forum, and please don’t post in 2 forums. 🙂
I don’t have all the detail of these questions.
Best I can do is give you an example.
If inventory increases from 12 to 20, and the subsidiary acquired has inventory of 5, then the INCREASE IN INVENTORY will be 3 (and not 8).
If you agree with that, move on!! If not, come back to me.
🙂
Check the requirement:
– CALCULATE = calculate only
– EXPLAIN OR DISCUSS = write 3 sentences explaining what you have done – you don’t need to write as miuch as aboveIf you are asked to EXPLAIN / DISCUSS and all you do is calculate, you would not achieve a pass.
If it’s your weakest area, then appraching at the end of the exam may be sensible, BUT YOU MUST STICK TO YOUR TIME ALLOCATION..
Make sure you have worked through my examples:
https://opentuition.com/acca/sbr/
(Buckfastleigh, Staverton, Totnes)
It may help to revisit some of the basic adjustments i in our FR notes
Valuation = FV less CTS
CTS = 2%
So FV less CTS is 98%
(Don’t forget that IAS 41 was downgraded in the syllabus some years ago – so keep it basic 🙂 )
5.25 is the tax written down value (tax base), not the deferred tax.
This Q is very old from a much earlier syllabus – I didn’t realise it would still be in your exam kit.
🙂
Abbreviations above are fine (assuming you mean for workings).
You need to watch my revision question debriefs on this website. I show you there exactly what to write.
The exam is testing whether we can apply the standards in practice.
As long as you can explain why a temporary difference arises in a given scenario, you will be fine.
I wouldn’t expect many marks for numbers because tax is a ‘mechanical’ topic.
🙂
Income tax = measurement uncertainty – because tax legislation is sometimes unclear and subject to interpretation
Deferred tax = less uncertainty – it’s an objective calculation – but I suppose you could argue that changes in future tax rates make measurement uncertainI would hope that your question is too theoretical for what is now a practical exam 🙂 🙂
Assuming that tax will be payable in the US on the disposal of the asset, you would use the US tax rate.
(Answer, as always, given for exam purposes only 🙂 )
1. Not sure you could ever reconcile it without the detail of the OCI 🙂
2. For what it’s worth, div paid should be 65. Your other numbers look OK.
3. For example that’s more exam style, refer to my spreadsheet exercises in revision section.
Best I can do.
🙂
Very old standard on condolidation, with little that really makes the exam. 🙂
For a good summary, google………………ias plus ias 27………Deloitte do a very good summary, but nothing that isn’t in your course materials.
🙂
https://opentuition.com/acca/sbr/acca-strategic-business-reporting-sbr-revision-kit-live/
Use link above where I talk through 4 years worth of exams. You can then see what you are realistically supposed to write.
