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Question 1a – Foreign sub, 2 additional subs, control to control transactions, FV uplifts and depreciation, negative post acq reserves and cash based payments.
1b – the effect of individual statements and consolidated statements on the effects of yearly FV measurement on IAS 16 properties and IAS 40 investment property.
1c – ethics.
2. Covered leases from the perceptive of the lessor and effect on cash flow statement, intangible assets and impairment on CGU.
3. Covered financial instruments loss allowance (FVOCI), and apologies i have forgotten the other two areas covered.
Surprisingly, i felt Q1a) was very fair, there were not as many parent company adjustments as i expected. I did expect cash flow statements to appear…. so no doubt what June 2017 students should be expecting!
The written elements were ‘wordy’ and sometimes not very clear. There were instances when one scenario will expect you to consider more than one standard. I did write alot and felt extremely time pressured for both Q2 and Q3.