Hi Mr.Mike,
I am having a little confusions on the calculation of Profit after tax for 20X2. Why did they not subtract the Discontinued loss from the 20X2's Profit, so did for 20X1's ?
In addition, for calculating free shares from Option granted, why they had x6/12 ?. I know the Option was granted in 1.10.20X2 (half year) but get confused about that calculation.
Please help.
Thank much Mike.
Ask the Tutor ACCA FR
Ex 65 - page 72 - Rebound (revision kit)
11y ago#1Discontinued operations results are shown in "other comprehensive income"
If you listen carefully to my lectures, I emphasise that conversions / dilutions are deemed to take place with effect from the earliest date possible. In the easier examples, this is the first day of the accounting year. But if the options are only granted say three months into the year then they could not possibly be deemed to be exercised on the first day because they didn't exist on the first day
Does that make sense?
Total clear.
Thank you sir.
11y ago#3You're welcome
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