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Mid year

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Mid year

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 1, 2023 at 11:59 am #689235
    krrish2005
    Participant
    • Topics: 138
    • Replies: 229
    • ☆☆☆

    Sir if there is a mid year acquisition :
    And the subsidiary other income includes profit on sale of asset ….should we time apportion the profit also
    I think we should not time apportion it and just see whether sale occured before or after acquisition?

    August 2, 2023 at 6:24 am #689264
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    Yes you should (although this is unlikely in Paper FA and is more Paper FR).

    August 2, 2023 at 7:22 am #689271
    krrish2005
    Participant
    • Topics: 138
    • Replies: 229
    • ☆☆☆

    So i should time apportion it right

    August 2, 2023 at 8:54 pm #689301
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    Yes 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Mid year’ is closed to new replies.

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