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Hi Mr Moffat,
I was doing a Multi-task question on consolidated financial statements and came across this sentence, “The amounts included in the statements of profit or loss have accrued evenly throughout the period”. I do no understand what that meant and as a result got all my calculations wrong. What do I have to do when I come across such questions? Please help me 🙁
If it is accrued evenly it means that it is spread evenly (i.e. an equal amount each month).
Hello Mr. Moffat , what is the treatement of intra group interest and dividend in Conslidated SOCI
These are not really relevant until Paper F7 and you can find the answer in the F7 lectures.
Basically we only show interest and dividends that are receivable or payable outside of the group.
(And in future, please start a new thread when it is a different topic. Your question has nothing to do with ‘accrued evenly throughout the year’ 🙂 )
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