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Consolidated SOFP

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidated SOFP

  • This topic has 13 replies, 3 voices, and was last updated 9 years ago by MikeLittle.
Viewing 14 posts - 1 through 14 (of 14 total)
  • Author
    Posts
  • February 12, 2016 at 8:27 am #300117
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Hi sir,
    2012 June Q1, 2011 December Q1. Their difference is about current liability-deferred consideration, 2012 Q1CL includes finance cost (unwinding), while 2011 Q1 not. I just wonder the reason why they are not the same. Thanks in advance.

    February 12, 2016 at 12:14 pm #300140
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    December 2011 answer certainly DOES include unwinding of discount!

    What’s that last figure in working (iv) in the answer?

    February 12, 2016 at 12:15 pm #300142
    yushanshan
    Member
    • Topics: 84
    • Replies: 70
    • ☆☆

    Sorry , I got it.

    February 12, 2016 at 12:30 pm #300145
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Well, I should hope you have, after I pointed it out to you!

    🙂

    February 14, 2016 at 3:59 am #300352
    sivarubini
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Hi Sir,

    In chapter 7, example-6 has mentioned, ‘Ivona bought 60% of the shares of Guido for $100,000’

    Hence the parent company would be Ivona and subsidiary is Guido. However you have mentioned in the video in other way.

    May I know where ‘m going wrong?

    I have the notes of Mar 2016

    February 14, 2016 at 9:35 am #300398
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    At what time in the video have I said it the wrong way round

    Whatever, it’s not important – I sometimes do make slips

    If the question says that Ivona bought 60% of Guido, then Ivona is the parent, no matter what I may have erroneously said

    February 14, 2016 at 11:29 am #300406
    sivarubini
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Hi Sir,

    Thank you for your kind explanation. Your teaching is very helpful specially in consolidation portion.

    Under other reserves, mid year aqut’n video, time 04:41

    February 14, 2016 at 1:17 pm #300417
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Thanks for that, but I’m not going to re-record it just because of that one slip 🙂

    February 16, 2016 at 2:57 am #300632
    sivarubini
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Hi Sir,

    When I’ve looked into example , I could not able to understand W.2 first line why do we multiply by 2.
    75% * 40000*2/3*1

    Also how do we take the no of shares as 60000?

    Both are pretty confusing me. Would be helpful if you could explain me again in simple form

    Thanks

    February 16, 2016 at 9:07 am #300651
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    First things first – I suggest that you change your avatar. The ACCA are VERY protective about their initials and I wouldn’t like you to get into any trouble from the Association

    Now, let me ask you this in answer to your question – which question are you looking at?

    February 17, 2016 at 6:02 am #300753
    sivarubini
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Sorry. It’s chapter 9, group accounts- comprehensive example

    February 17, 2016 at 8:37 am #300777
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Ah, that’s an easy one! What is the face value of each individual Danute share?

    And then, what’s 75% of 80?

    February 17, 2016 at 3:19 pm #300824
    sivarubini
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Ohh..yae, I got it. Thank you so much sir.

    February 17, 2016 at 3:50 pm #300833
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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