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DCF

Forums › ACCA Forums › ACCA FM Financial Management Forums › DCF

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 12, 2018 at 8:53 am #474190
    Mykhailo
    Member
    • Topics: 4
    • Replies: 4
    • ☆

    Hi,

    I would appreciate if someone could help me with few questions.

    1) Fixed Asset Accounting
    Company bought an asset for $1mln from abroad, according to the local law buyer should pay an import tax – 10%. According to ISA 16 I could capitalize such sort of costs, however, I don’t exactly sure how to treat them in BS, IS and CF.
    Balance Sheet
    Dr PPE Cr Tax Payable (to government) $0,1mln

    Income Statement
    No expenses since we capitalized current costs.

    Cash Flow
    Should I treat this as a difference in a working capital under operating cash flow?

    Thanks in advance!

    September 12, 2018 at 9:35 am #474206
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54668
    • ☆☆☆☆☆

    Why have you headed up this post ‘DCF’ and posted it in the Paper FM forum?

    None of what you have asked has anything to do with DCF and is not examinable in Paper FM – they are financial accounting questions.

    Please post in the relevant forum.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘DCF’ is closed to new replies.

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