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March / June 2016 Q3b(ii)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › March / June 2016 Q3b(ii)

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 19, 2016 at 7:26 am #334032
    amelia85
    Member
    • Topics: 34
    • Replies: 53
    • ☆☆

    For this question

    Can i state that this is a balance sheet after reporting date where it is an adjusting events required adjustment. If not understate the profit and current
    liabilities. I read through the examiner answer but he did not mention this so i was wondering can i write this.

    Correct me if im wrong thanks..

    August 19, 2016 at 8:35 am #334053
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22832
    • ☆☆☆☆☆

    No, it’s not an adjusting event.

    There is no event! It’s simply a matter of a material disagreement with Mr Smith as to the need for a provision – he says it’s not necessary but we are deeply sceptical and would like to see some evidence to support his contention

    This has nothing at all to do with subsequent events

    Sorry 🙁

    August 20, 2016 at 1:14 am #334133
    amelia85
    Member
    • Topics: 34
    • Replies: 53
    • ☆☆

    Okay Sir

    August 20, 2016 at 8:07 am #334164
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22832
    • ☆☆☆☆☆

    OK, but keep posting with any queries that you may have

  • Author
    Posts
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