• 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
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

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

Need help with first example in chap 3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Need help with first example in chap 3

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 21, 2014 at 12:18 pm #211868
    Mohammed
    Member
    • Topics: 10
    • Replies: 13
    • ☆

    Hi Mike,

    This relates to the first example in chap 3

    I am slightly confused as to the treatment of item (iii) in the question. Could you kindly explain the significance of £25,000 and why this value was used in the Statement of P/L as opposed to (£130,000-£95,000) = £35,000 ?

    Many thanks!

    November 21, 2014 at 3:24 pm #211965
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Hi

    This was asked a few days ago bu someone else.

    the significance of the 25,000 is that there is 25,000 sitting in the revaluation reserve relating to the impaired asset.

    the remaining 10,000 should be debited to Profit or Loss but I appear to have missed it.

    It’s in my mind to change /correct the error when I next review the notes over the Winter quiet period

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 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

  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • iwillwill on Accounting for Management – ACCA Management Accounting (MA)
  • Robo2795 on Discounted Cash Flow – Internal Rate of Return – ACCA Financial Management (FM)
  • Sarailee95 on EPS – Basic EPS Example – ACCA Financial Reporting (FR)
  • Teti on Groups – Other points – ACCA SBR

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