• 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
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

June 2012 – W3 Consolidate Earning (loan note)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › June 2012 – W3 Consolidate Earning (loan note)

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 29, 2015 at 3:47 pm #286162
    Yazan
    Member
    • Topics: 32
    • Replies: 32
    • ☆☆

    Hi Sir,

    Just a quick question, when you are working out the Consolidated Retained Earnings (w3) why do you only cancel the loan note interest and not the loan note itself?

    Kind regards,

    yazan

    November 29, 2015 at 3:48 pm #286163
    Yazan
    Member
    • Topics: 32
    • Replies: 32
    • ☆☆

    This is in regards to your revision lecture. I assume I should always be cancelling the loan notes between the parent and sub?

    November 29, 2015 at 10:09 pm #286235
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Because the loan note liability features in the statement of financial position, not in the statement of profit or loss

    Only the loan interest affects retained earnings, not the loan itself

  • 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

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • dkessilfie on FM Chapter 1 Questions – Financial management objectives
  • ahmadhoney on ACCA Advanced Audit and Assurance (AAA) The Audit Report 3: Types of Audit Report
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Ken Garrett on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)
  • Bimasha@123 on Discounted Cash Flow Techniques – ACCA Advanced Performance Management (APM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in