• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

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

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

DEC 2014 Plastik

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › DEC 2014 Plastik

  • This topic has 9 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 10 posts - 1 through 10 (of 10 total)
  • Author
    Posts
  • December 1, 2015 at 11:37 am #286698
    xinyi0711
    Member
    • Topics: 4
    • Replies: 16
    • ☆

    Can I know why the
    note i) say that the policy of the plastik group is to revalue all properties to fair value at each year end.On 30 sep 2014,the increase in plastik’s property has already been recorded,however,a futher increase of 60,000 in the value of subtrak’s property since its value at acquisition and 30sep 2014 has not been recorded.
    WHy the 600,000 only add in NCI and not both in RE and NCI?

    At what scenario the figure need to put inside the OCI?

    December 1, 2015 at 1:33 pm #286715
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    What’s the figure just above $10,745 total comprehensive income in part (a) of the answer?

    December 1, 2015 at 1:39 pm #286718
    xinyi0711
    Member
    • Topics: 4
    • Replies: 16
    • ☆

    u mean the gain on revaluation of property?the figure is2100

    December 1, 2015 at 1:41 pm #286720
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    And that includes the $600. Isn’t that what you were asking about?

    December 1, 2015 at 1:57 pm #286724
    xinyi0711
    Member
    • Topics: 4
    • Replies: 16
    • ☆

    ya..the gain on revaluation is1500+600..but i confuse that when we doing conso, only the acquisition of subsidiary’s asset at the post period,can include in the OCI?
    but when doing financial stmt,all the asset which revaluation one can put inside the OCI no matter is post or pre?

    December 1, 2015 at 2:02 pm #286725
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    You’re definitely confused! The $1,500 element of the $2,100 is the gain on the revaluation of Plastik’s property

    That, together with the post acquisition element of the gain on Subtrak’s property gives you the $2,100

    December 1, 2015 at 2:05 pm #286726
    xinyi0711
    Member
    • Topics: 4
    • Replies: 16
    • ☆

    so u mean only post acquisition of the gain on subsidiary can put in the oci?the pre acquistion of subsidiary cannot…?

    December 1, 2015 at 2:40 pm #286737
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    Correct. The pre-acquisition gain is included within the goodwill calculation as past of the fair value of subsidiary net assets at date of acquisition

    December 1, 2015 at 2:43 pm #286738
    xinyi0711
    Member
    • Topics: 4
    • Replies: 16
    • ☆

    okay,thank so much

    December 1, 2015 at 2:55 pm #286740
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
Viewing 10 posts - 1 through 10 (of 10 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • cBarsoum on The Stages of an Audit – Appointment – ACCA Audit and Assurance (AA)
  • John Moffat on Revaluation Reserve – ACCA Financial Accounting (FA) lectures
  • John Moffat on Revaluation Reserve – ACCA Financial Accounting (FA) lectures
  • CHICCO.J on ACCA AB Chapter 1 – The nature and structure of organisations – Questions
  • Joanne94 on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy