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Clarification regarding past paper

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Clarification regarding past paper

  • This topic has 1 reply, 2 voices, and was last updated 5 months ago by Stephen Widberg.
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  • Author
    Posts
  • November 29, 2024 at 3:34 pm #713601
    Ayngary
    Participant
    • Topics: 19
    • Replies: 10
    • ☆

    Hi Sir,

    In the question if they have asked for the calculation, I could just derive the answer through the format right sir? there is no need for me to explain like they have done the CARBISA question right sir

    Eg: CARBISA
    The carrying amount of the net assets of Bikelite in the separate financial statements
    on 1 January 20X6 was dinar 48 million. This would not include the dinar 20 million fair
    value adjustment, or subsequent depreciation arising on this. The carrying amount of
    Bikelite’s opening net assets in the consolidated financial statements would therefore
    be dinar 64 million (dinar 48 + (dinar 20 million × 16/20)).
    Bikelite would only be consolidated for the first nine months of the year because
    Carbise loses control on 30 September 20X6. Losses per the separate financial
    statements for the year ended 31 December 20X6 were dinar 8 million, so only dinar
    6 million would be consolidated. Additional depreciation of dinar 0.75 million (dinar
    20m/20 × 9/12) would be charged for the first nine months of the year in the
    consolidated financial statements. Therefore, the total loss of Bikelite in the
    consolidated financial statements is dinar 6.75 million.
    Net assets at disposal in dinars would therefore be dinar 57.25 million (dinar 64 – dinar
    6.75).

    December 3, 2024 at 5:40 pm #713772
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3396
    • ☆☆☆☆☆

    Check the requirement:

    – CALCULATE = calculate only
    – EXPLAIN OR DISCUSS = write 3 sentences explaining what you have done – you don’t need to write as miuch as above

    If you are asked to EXPLAIN / DISCUSS and all you do is calculate, you would not achieve a pass.

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