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Chapter 10 example 7

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Chapter 10 example 7

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarMikeLittle.
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  • September 10, 2016 at 7:55 pm #339732
    Avatarseista
    Member
    • Topics: 39
    • Replies: 11
    • ☆☆

    Could you please explain how to arrive at 175000 in the consolidated statement of changes in equity
    And also in w3 bf
    Per question 530000 351000

    September 13, 2016 at 11:13 pm #340408
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Statement of changes in equity are not in your syllabus for F7

    They are included here as an illustration for when you will need them for the old style questions 2

    Without making me look specifically again at the question, does this answer it …

    … we know the retained earnings at the end of the financial period and we know the profit for this year

    Therefore we can work out the retained earnings brought forward

    Ok now?

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