Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › ACCA Paper SBR September 2020 Exam was.. Instant Poll and comments
- This topic has 137 replies, 51 voices, and was last updated 4 months ago by
sachacato.
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- September 11, 2020 at 1:53 pm #585028
saif2589
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For the question how will goodwill and gain on purchase consolidate in financial statement? I wrote according to ias38 intangible will be measured at cost and revaluation model and if the revaluation increases the asset it will be recorded in oci with revalution surplus within oce and if revaluation decreases the asset it needs to be recorded within p&l this is how goodwill will be recorded. Hope this is correct ?
September 11, 2020 at 3:33 pm #585066faisal1711
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what was the difficulty level of paper?
September 11, 2020 at 3:35 pm #585068faisal1711
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and what about cash flows question? was it difficult or not?
September 11, 2020 at 4:06 pm #585082markfairman
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The brand questions were IAS 38 Intangible assets. An intangible with an indefinite life is not amortised buy tested for impairment at the end of each period with gains/loss going to profit and loss
September 11, 2020 at 4:13 pm #585087markfairman
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Its certainly a strange way to test people under such time constraints. I suppose the are thinking the knowledge should be so crystal clear it should just flow out without the need to much consideration.
However in reality its not a realistic scenario for accountants to work in. You would not hand over a rushed piece of work to anyone unless you had time to review, think about it and check it.
September 11, 2020 at 7:48 pm #585179aditya7
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it was a horrible paper, didn’t expect hard questions on cash flows it was just too much information and also 16 marks or so for only calculation. Didn’t expect IFRS for SMEs as well.
September 11, 2020 at 8:06 pm #585185olgaviliams1990
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Give five, the same for me
September 12, 2020 at 3:05 am #585223rafiullah
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it was computer based??
September 12, 2020 at 3:33 pm #585340jovincai
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I had that one in question, revalued with 12month measurement period, it should have been adjusted to accounts and depreciated over remaining useful life. I also mentioned that “lack of information for the remaining life, I would use 20years as previously and adjusted back to accounts)
September 12, 2020 at 3:34 pm #585341jovincai
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I think me and you had same paper, I did not see cash flow question at all. No revenue neither.
September 12, 2020 at 3:35 pm #585343jovincai
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I prefer paper too, I kept mis typing and correcting my wording. Sometimes I lost in the middle and difficult to trace back to change my wording.
September 12, 2020 at 3:37 pm #585344jovincai
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NCI is given in the question, use the retained earnings to adjust NCI for disposal calculation.
September 12, 2020 at 3:39 pm #585345jovincai
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I had same with 15%left, changed from consolidated accounting to IFRS 9. From control obtained to control lost, remove goodwill and NCI from accounts and treat 15% by applying IFRS 9.
September 12, 2020 at 3:43 pm #585347jovincai
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Bargain purchase will go to profit and loss.
September 12, 2020 at 3:49 pm #585350jovincai
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Held for sale, I think most of the the conditions are met, I did originally define it as held for sale, however there is no information about the sales price which is reasonable to fair value in the market, without the sales price, how to locate a buyer?
September 13, 2020 at 7:48 am #585405hussainalalawi
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profit not expense in P&L.
September 13, 2020 at 9:34 am #585423ajithsak1030
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OMG such a lot of information to go through ..level of hardness ok but time pressure made me just basically run through Except EBP question.
September 18, 2020 at 3:06 pm #586050sachacato
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I had the same paper. There where 2 SBR papers. My friend said that she had a cashflow in Q1 but i did not have that
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