• 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

PQ Awards Nominations

Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.

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

Group Audit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Group Audit

  • This topic has 3 replies, 3 voices, and was last updated 9 months ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 27, 2022 at 2:09 pm #654485
    kamaramohamedabu66
    Participant
    • Topics: 2
    • Replies: 0
    • ☆

    The parent company DLPT has asked the subsidiary Daniel it subsidiary to guarantee a loan for Benita. Benita has defaulted in the repayment of the loan due to bad business. The security provided by Daniel is sporting plan. Daniel is in a good will Business and contributed 40% Benita used to contribute 30% of revenue. As a result of the non-payments of the loan by Benita, Daniel has made the payments on her behalf, and has created a receivable in his records from Benita at year ended. Benita only knew about the three (3) months payment made by Daniel at the end of the third(3) month and has refuse to pay the payable in her own account and has insisted that this will be taken care of at the group level. This has been impacted Daniel and has stop in repaying the loan. The creditor has decided to call the entire loan and has taken legal actions to empower the bottling plant, which has given by the court ruling to recapitalize this subsidiary (Daniel)
    Access the implication in respect to: Daniel (subsidiary), Benita and Parent company

    April 27, 2022 at 2:18 pm #654487
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6804
    • ☆☆☆☆☆

    Welcome to my forum!

    I am sorry, though, I do not recognise this as an ACCA question and you do not say what is your query.

    April 28, 2022 at 6:35 pm #654568
    almansaray
    Participant
    • Topics: 1
    • Replies: 2
    • ☆

    Please assist me with the question.

    April 28, 2022 at 6:44 pm #654569
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6804
    • ☆☆☆☆☆

    I am sorry – but it is not within my remit of answering technical questions pertaining to the ACCA qualification.

    The question you pose is not complete in the way an ACCA question would make clear the requirement – e.g. to evaluate (assess) the ethical/practical/accounting (or something else specified) implications of a given scenario.

    Your scenario may undoubtedly has some ethical implications – but it must have legal implications too – which would never be examined in an AAA exam (because the exams have to be quite neutral where legislation is concerned (except, for example, in the case of insolvency in the UK-variant AAA exam).

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 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

  • afital12 on FA Chapter 2 Questions The Statement of Financial Position and Statement of Profit or Loss
  • afital12 on FA Chapter 2 Questions The Statement of Financial Position and Statement of Profit or Loss
  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • John Moffat on Activity Based Costing part 1 – ACCA Performance Management (PM)
  • John Moffat on Introduction to Financial Accounting – 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