- This topic has 1 reply, 2 voices, and was last updated 4 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Need help on page 106 no 340 portable garage pro in bpp revision kit
I looked at the answer at the back for part a and it seems that a profit statement has a proforma but was this covered in the lectures if so where.
There is no pro-forma because there is no standard layout – how you lay out a statement showing the profit is up to you, there are no rules.
In financial accounts then there are rules as you will remember from Paper FA (or whatever exempted you), but as you should also remember from Paper MA (or again whatever exempted you) there are no rules as to the layout of management accounts.
Obviously the profit is calculated as the revenue less all the costs, but how you actually show it as a statement is up to you.