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Connolly Co

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Connolly Co

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by Kim Smith.
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  • August 11, 2020 at 1:23 pm #580117
    toushiga
    Participant
    • Topics: 424
    • Replies: 172
    • ☆☆☆☆

    Hello Miss,for PYQ DEC 2014 Q1 (c) recommended audi procedure

    for the last second point: Why is it obtaining pre year-end sale rather than post year-end to confirm of indicator of impairment?

    Thank you.

    August 11, 2020 at 3:24 pm #580129
    Kim Smith
    Keymaster
    • Topics: 102
    • Replies: 6945
    • ☆☆☆☆☆

    Because if there was a slump in sales of Cold Comfort brand products before the year end that would evidence impairment at the reporting date. A slump after the reporting date could provide evidence of conditions that did not exist at the reporting date.

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