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asset

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › asset

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by AvatarP2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 29, 2023 at 11:19 am #677572
    Avatarxyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    For workings, such as retained earnings working where there is parent’s % of post acquisition retained earnings, should I write parent’s % or replace it the name of the parent company.
    Also for net assets of subsidiary working, should I write net assets of subsidiary or replace subsidiary it with the name of the subsidiary company.
    Also for consolidated statement of profit or loss where there is attributable to the parent should I write attributable to the parent or replace parent with the name of the parent company

    January 30, 2023 at 5:27 pm #677642
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7235
    • ☆☆☆☆☆

    For workings you can abbreviate so it doesn’t matter what you write.

    You need to be more accurate in the financial statements themselves.

    February 8, 2023 at 11:20 am #678535
    Avatarxyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    In the financial statements themselves such as the consolidated statement of profit or loss where there is attributable to the parent shown should I write attributable to the parent or replace parent with the name of the parent company

    February 8, 2023 at 8:39 pm #678580
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7235
    • ☆☆☆☆☆

    It makes no difference in the exam. Just focus on getting the numbers right.

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