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hey sir..
I took my classes for F7 INT but when i paid my exams i paid for UK.
Is there a huge difference?Can i have a list of accounting standards for (uk) version or is it the same as the international standards?
Thanks
Hi
Bad news about the wrong exam entry 🙁
It’s so long since I have even looked at UK standards that I’m sorry but I can’t help you
hey!!
For June 2013
Note v for the right issue.
why in the answers they calculate it 1/5 and not 1/4?
Kindly advise.
Thanks
Isn’t it because the issue has already been recorded so the share capital has already been increased by 1 for 4. To get back to the pre-issue position, we need to take that 1/5 off the revised capital.
Say we had 100 shares and we made a 1 for 4 rights issue. So now we have 125 shares. How do I get back to the pre-rights position?
I calculate that the number of shares in the issue must have been 1/5*125 = 25 and therefore the pre-rights share position must have been 100
OK?
PS I don’t have the question in front of me and for some reason I’m getting “Ooops, Google Chrome could not access http://www.accaglobal.com” so the above answer is purely from memory and may therefore be totally wrong!
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