Skip to content

Ask the Tutor ACCA SBR

Clarification regarding past paper

AAyngary1y ago
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).
stephenwidbergstephenwidbergTutor1y ago#1
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.
Sign into reply to this topic.