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Practice Question Klopp ( SOCIE )

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Practice Question Klopp ( SOCIE )

  • This topic has 3 replies, 2 voices, and was last updated 6 months ago by lokeshdh00.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 25, 2022 at 8:42 pm #661842
    lokeshdh00
    Participant
    • Topics: 111
    • Replies: 106
    • ☆☆☆

    Dear Chris, I hope you are doing well. I wanted to focus your attention to error in question of SOCIE in which you guide us how to go through the software and use it. It was really effective and helpful video.

    The error is made in revaluation reserve figure , Please look at 22:00 in the video and the revaluation reserve amount should be = Revalued value – Carring value at the date of revaluation

    But you took the Historical Value of Land and building which is 1 july 20×7 insted of Carring value at 1 july 20×7.

    This is how i done it and please correct and forgive me if i misunderstood and annoyed you for my misinterpretation.

    (‘000) Narrative HC revaluation Reserve

    L&B (1.7.20×2) 5,500

    Accu. Dep. (1.7.20×7) (500)

    C.V 5,000 -> 6000 1000

    Dep ( 31.7.20×8) (120)

    CV ( 31.7.20×8) 8,880

    Thank you for your friendly lectures and unmeasurably helpful exam tips and references to exams for every topic explained. I had been running late behind the syllabus and i had planned a schedule and finish it 3 weeks before exam and leave 3 weeks for Exam kit. Always open for your advice.

    July 26, 2022 at 6:51 am #661875
    tabasumze
    Participant
    • Topics: 39
    • Replies: 47
    • ☆☆

    The above calculation is correct except for the carrying amount as at 30.06.20X8 is 5,880,000 and not 8,880,000.

    Thank you for noticing this mistake in the lecture.

    July 26, 2022 at 9:39 am #661900
    lokeshdh00
    Participant
    • Topics: 111
    • Replies: 106
    • ☆☆☆

    Oh yeah i mistyped it , Are you a tutor ?

    July 27, 2022 at 11:12 am #661954
    lokeshdh00
    Participant
    • Topics: 111
    • Replies: 106
    • ☆☆☆

    I just noticed someone else bring it out too already few days ago. Sorry for any trouble caused.

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