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Chrysos co (March 2017)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Chrysos co (March 2017)

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 17, 2018 at 5:03 pm #430847
    herocomesalong
    Member
    • Topics: 66
    • Replies: 36
    • ☆☆

    Good day tutor,

    This question requires that an extract of financial position after a proposed restructuring be done up. The answer gave an amended financial position of the current year. However, is it okay if I do up a financial position extract for the next year? I’m thinking it is not really practical to consider the impact on financial position without applying the growth in cash flows post restructuring (and then adding it to Reserves and cash). Hoping to hear your thoughts on this.

    January 17, 2018 at 7:48 pm #430869
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    I am sorry, but I am away from home until late tomorrow evening and do not have access to the question. Please ask again on Thursday evening and I will reply on Friday.

    January 23, 2018 at 4:16 pm #432471
    herocomesalong
    Member
    • Topics: 66
    • Replies: 36
    • ☆☆

    Hello tutor, no worries at all, hope you are home safe and sound. Is there any chance you could look at this question soon?

    January 23, 2018 at 5:27 pm #432492
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Sorry – I got home with no problem (thanks), but since you did not ask again last Thursday I am afraid that I forgot (I am answering lost of questions every day and so I really cant look back at all past one) 🙂

    I understand what you are saying, but the question is asking for the SOFP after they restructure, which is presumably on 1 March 2017 (not one year later). You would still have got most of the marks if you did do it for one year later, but this is not what was asked for.

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