Hello
I was supposed to submit my rap in p40 but could not due to lack of internet access because of the pandemic. I had taken the years 17,18,&19 for my rap . Will i have to change this to 18,19,20.
Please can you advise . I am very stressed.
Secondly incase i have to change the years to 18, 19, 20 the company that my rap is based on has adopted new accouting standard and aquired a company in fy 2019-2020. The company itself has reported that this makes the financial results for year ending 19 and 20 uncomparable
How should i sort this ?
Please help i dont want to chose different companies and do the rap all over again.
Other Accountancy Qualifications
P41 rap year clarification
Hi Tissa,
Unfortunately, you will have to use the latest financial information.
For your second query, see if you can perform your analysis by removing the one-off item to make data comparable, if the relevant information has been disclosed in the notes to the financial statements (which I am sure should be). If not, you will need to reassess if the data is still comparable, and maybe explain in the limitations sections.
Regards,
Ignite Mentoring
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