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 1 week ago by Stephen Widberg.
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- November 29, 2024 at 3:34 pm #713601
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 #713772Check 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 aboveIf you are asked to EXPLAIN / DISCUSS and all you do is calculate, you would not achieve a pass.
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