- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Common line
Obtain a breakdown of PPE/revenue/TRs/TPs/payroll expense/R&D/income tax accrual, cast it and agree the total to Trial balance and draft FSs, to ensure completeness and accuracy.
Maam is this line correct? Can i use this line in all types of scenarios?
I suggest not – a “breakdown” is a schedule provided by the client – I am sure we have discussed before, for example, a schedule of R&D – or additions to PPE during the year. But for trade receivables/payables there will be a list extracted from the sales/purchase ledger – the total of which should also agree to the control account in the general ledger. There might be a breakdown of “accrued expenses” for example, but “income tax accrual” is just one accrual – it doesn’t have a “breakdown” – but the client will have some tax schedule/working to show how it has been calculated.