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Eview Cinemas

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Eview Cinemas

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 13, 2018 at 4:20 pm #436873
    herocomesalong
    Member
    • Topics: 66
    • Replies: 36
    • ☆☆

    Good day tutor,

    I have a question about the retained earnings figure in the September/ Dec 2017 paper, question 2a. The adjustment to retained earnings only includes the proceeds of the EV clubs sale, and not the revised earnings figure. Why is that so? Would it be wrong to adjust the retained earnings based on the new earnings figure?

    February 14, 2018 at 9:34 am #437101
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    With regard to the SOFP, the CEO wants to know the immediate impact on the SOFP, and so there is no immediate change to the retained earnings.
    The other changes only impact the Year 1 forecast EPS

    February 14, 2018 at 10:10 am #437134
    herocomesalong
    Member
    • Topics: 66
    • Replies: 36
    • ☆☆

    Wow I see, thank you so much for the help!

    February 14, 2018 at 3:21 pm #437220
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Eview Cinemas’ is closed to new replies.

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