- May 27, 2018 at 10:47 pm
Sir I have been practicing Extra MTQs given on Acca exam format .
And in Question 1 … I did not understand where is ”cash and cash equivalent at begining of the period” is taken from it does not match to what cash b/f balance is given in SOFP.
Link for that extra MTQ question and its answer
Your help will be much appreciated.May 28, 2018 at 7:52 am
It is the net of the cash balance and the bank overdraft at the end of 20X6 (1,063 – 429 = 634)May 28, 2018 at 9:05 am
Sir kindly Explain why did we subtract bank overdraft to calculate b/f?May 28, 2018 at 9:25 am
Also Sir I want to ask you ”NCI will always feature within the consolidated financial statements” why is this statement not correct…. as far as i know when we make consolidated SOFP …the value of NCI calculated is mention on the face of statement in Equity section…May 28, 2018 at 4:12 pm
First question: a bank overdraft is simply a negative bank balance. Cash and cash equivalents include the net total of all cash and bank balances.
Second question: (Although please in future start a new thread when it is a different topic – our answers are for all students to benefit, and people search using the topic names.)
If the subsidiary is 100% owned by the parent company then there is no NCI.
Have you watched my free lectures on both these topics? The lectures are a complete free course for Paper F3 and cover everything needed to be able to pass the exam well.May 29, 2018 at 2:06 pm
Sir I have passed F3 with 70 percent marks. All credits to your lecture THANK YOUMay 29, 2018 at 2:26 pm
and also how you have helped me with queries that i came across. thank you for that and to open tution too 🙂May 29, 2018 at 5:19 pm
Thank you very much indeed for your comments, and many congratulations on passing the exam with such a good mark 🙂
The topic ‘Cash flow MTQ’ is closed to new replies.