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IAS 19 EB-Curtailment-Example4

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IAS 19 EB-Curtailment-Example4

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
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  • October 6, 2013 at 8:10 am #142125
    tripo3m
    Member
    • Topics: 12
    • Replies: 18
    • ☆

    Dear Mike,

    Kindly assist me with the explaination on why the difference between PV of FO of 60 and the FV of PA 48, before the Curtailment 12 when added the UGLY Gains of 4, the answer was 16, instead of 8.

    Is the 12 not supposed to be the Net Obligation which is the credit balance? Meaning adding the UGLY gains of 4 which are debit balance, there is supposed to be a net credit of 8.

    help me i could be missing a principle point.

    Thanking you in advance,

    Moses

    October 6, 2013 at 10:32 pm #142186
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Don’t worry about it – UGLY has GONE! It’s history Any change (which we used to designate as UGLY) should now be recognised in the year in which it arises

    I’ll get round to updating the lectures one day, but the course notes are correct

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