June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

Dec 2011 Q4 (a)

This topic has 3 replies, 2 voices, and was last updated 9 years ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
December 5, 2015 at 3:08 pm #287873
yushanshan
Member
- Topics: 84
- Replies: 70
Hi sir,
I just wonder the reason why nominal value of bonds is 80 m rather than 125 m in income statement.
December 5, 2015 at 4:58 pm #287908
John Moffat
Keymaster
- Topics: 57
- Replies: 54711
Bonds do not appear in the Statement of profit or loss – they appear in the Statement of financial position (which used to be called the Balance Sheet), and they always appear there at nominal value.
December 5, 2015 at 5:02 pm #287914
yushanshan
Member
- Topics: 84
- Replies: 70
Sorry, I mean 125 in balance sheet? but it is not nominal value .
December 5, 2015 at 5:18 pm #287934
John Moffat
Keymaster
- Topics: 57
- Replies: 54711
The SOFP (we do not call it Balance Sheet any more) shows the total nominal value.
Since it is $125M it means that there are $125M / 100 = 1.25M bonds in issue.
(This is financial accounts rather than anything special for financial management)
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.