Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Consolidated statement of CF: Angel

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Consolidated statement of CF: Angel

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • January 25, 2017 at 6:50 am #369404
    boma77
    Member
    • Topics: 70
    • Replies: 97
    • ☆☆

    Dear Tutor,

    In this question Angel has received a cash grant of 2 million to cover refurbishment costs and creation of new jobs. The grant was credited to PPE. Therefore the correct treatment should be:
    DR PPE 2
    CR Deferred Income 1
    CR I/S 1

    Could you please explain why we do not iclude the 2 million in the working for PPE. I couldn’t find this adjustment in the answer.

    January 26, 2017 at 9:04 pm #369856
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7228
    • ☆☆☆☆☆

    Hi,

    They’ve adjusted it beneath, where they’ve calculated the $66 million of additions, and added $2 million to it along with other adjustments.

    Thanks

    January 27, 2017 at 5:26 am #369883
    boma77
    Member
    • Topics: 70
    • Replies: 97
    • ☆☆

    Hi,
    Could you please help me where exactly is this included. There is no amount of 66 million

    The answer is:

    PPE
    b/d 465
    OCI (8 – 3) 5
    Dep’n (29)
    Acquisition of sub/assoc 14 (W4)
    Disposals/derecognition (49)
    c/d 482

    January 30, 2017 at 9:29 pm #370312
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7228
    • ☆☆☆☆☆

    Hi,

    Read the narrative below the answer.

    Thanks

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.