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Joint venture

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Joint venture

  • This topic has 3 replies, 3 voices, and was last updated 2 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 30, 2022 at 6:46 pm #672961
    maisarah.hari
    Member
    • Topics: 15
    • Replies: 6
    • ☆

    Hello sir, when we transfer an asset, we would recognise the gain or loss to the extent unrelated investor interest. What would be the double entry for this :

    Bth investor A and B hold 50% on JV
    Investor A transfer asset with carrying amount of $9 million for $10 million

    CR PROPERTY 9 MILLION
    DR CASH 10 MILLION
    CR GAIN ON DISPOSAL 0.5 MILLION
    CR ??? 0.5 MILLIOM

    December 2, 2022 at 5:24 pm #673142
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Investor A

    If you give it to the JV:

    Dr Investment in JV 9.5
    Cr PPE 9
    Cr P&L 0..5

    Are you asking me what would happen if we ‘sold it’? I suppose it might be:
    Dr Cash 10
    Cr PPE 9
    Cr P&L 0.5
    Cr Inv in JV 0.5

    But it’s a bit of an obscure question! PUPs are really more FR than SBR.

    Best I can do. 🙂

    December 2, 2022 at 8:10 pm #673149
    asmita10
    Participant
    • Topics: 3
    • Replies: 11
    • ☆

    Hello Mr Stephen Widberg,

    you said and i quote above* But it’s a bit of an obscure question! PUPs are really more FR than SBR.*

    What would you say are more SBR style areas to look at with less then a week left –> selective focus is important

    P.s a cheeky question do you think SCF will come up for groups haha 🙂

    December 5, 2022 at 6:58 am #673428
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-reporting/technical-articles.html

    section E and F articles

    The big message is that the exam is about words and not numbers.

    I have no idea which exam you will get – it may be different to the person sat next to you – but please revise cash flows.

    🙂

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