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Forums › Ask CIMA Tutor Forums › Ask CIMA F2 Tutor Forums › 'On the face of CSFP'
Hello to All forum users as it’s my first post here. I’m currently studying FV adjustments (chapter Basic Group Accounts F2) and I’m afraid I don’t understand what does it mean that the ‘reporting date adj. should be recorded on face of CSFP’. Would you know, by any chance, what ‘on face of’ means here? In which line/category it should be presented? Thanks and best regards, Wiki
Hi,
It means that if the FV of the PPE has increased then the adjustment is made to the PPE line on the face of the group SFP.
Thanks
Thank you P2-D2