• 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

ACCA Webinars: How to earn marks in Strategic Professional Exams. Learn more >>

20% off BPP Books for ACCA & CIMA exams - Get BPP Discount Code >>

Example 2 – Group SFP incl. Associate – Chapter 25

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Example 2 – Group SFP incl. Associate – Chapter 25

  • This topic has 2 replies, 2 voices, and was last updated 11 months ago by P2-D2.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • July 27, 2021 at 9:25 am #629554
    Aayush98
    • Topics: 17
    • Replies: 9
    • ☆

    Hi,

    I was working through this example 2 and in the answer in the notes on page 167 of the notes, I have seen the FV is 400. I am unable to get this figure since my calculation is $1850m FV of net assets – $1800 (Net assets according to draft financials) = $50m as the FV with a extra depreciation of $50m/10 years remaining useful life = $5m.

    The answers suggest $400m for FV and $80m for extra depreciation.

    Kindly note this affects all other workings and hence need further clarification on the same.

    Please confirm why the figures are not $50m for FV – PPE and not $5m for Depreciation in the answer.

    Waiting to hear from you soon.

    Kind regards,

    Aayush Shah

    August 18, 2021 at 8:48 am #631907
    Aayush98
    • Topics: 17
    • Replies: 9
    • ☆

    Hi,

    Kindly advise on the question above.

    Thank you.

    Aayush Shah

    August 19, 2021 at 10:12 pm #632267
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6158
    • ☆☆☆☆☆

    Hi,

    If the FV of net assets is $1,850 million at acquisition and the equity share capital is $1,000 million and the retained earnings $450 million then the difference is $400 million – 1,000 + 450 +400 = 1,850

    Thanks

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA Introducing professional skills into the Options exams

ACCA Professional Skills Webinar – Register now

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Labour – Gross and net earnings
  • John Moffat on PM Chapter 9 Questions Short-term decision making
  • mantibilili on Labour – Gross and net earnings
  • 2dop on PM Chapter 9 Questions Short-term decision making
  • Colman@baraka on Inventory (IAS 2) – ACCA (SBR) lectures

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


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