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mid year acq preparation of csfp and cspl from bpp revision guide

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › mid year acq preparation of csfp and cspl from bpp revision guide

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • February 15, 2017 at 8:59 pm #372616
    Nicola
    Member
    • Topics: 16
    • Replies: 6
    • ☆

    Hi again ‘
    it has stated Port the Parent company had a loan to Alfred 2.3m @ 12% made 15 yrs ago and is due to be repaid in 12 years time in the Cons P & L i put the interest on loan to Alfred 276 under port which i understood, but then there was an adjustment made on the same line for (46) is this the roll back or something?? if so can you please explain how this 46 was calculated and deducted from the 276 to give group interest on the end line of 230 please?
    thanks
    Nicola

    February 16, 2017 at 7:24 am #372637
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23311
    • ☆☆☆☆☆

    You haven’t given me the cost of capital so it’s not likely to be a rolled-back discounted amount

    It IS interesting that 46 is 1/6 of 276 so I’m wondering whether 1/6 appears anywhere within the question or whether there is an unusual 2 month period

    Maybe Port only acquired control over Alfred 10 months into the year so only 2/12 of the 276 would be cancelled as intra-group

    That would be my best guess

    Sorry, but without full information it’s extremely difficult to give definitive help

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  • The topic ‘mid year acq preparation of csfp and cspl from bpp revision guide’ is closed to new replies.

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