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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › JUNE 2012 FRESCO ADJUSTMENT 3
what happens to the fraud of 4 million. i can not see where it has been accounted in the sofp and sopl in the answer..
Without me looking at the question, is this the one where a fraud was discovered this year where some of it related to last year
The last year element is used to adjust the reported results from last year and is shown in the revised statement of changes in equity
Only the element of the fraud relating to this year is included as an exceptional item in this year’s statement of profit or loss
If this hasn’t answered your question, post again and I’ll see if I can find the question and the missing $4 million
thanks i got the answer 🙂
You’re welcome