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Question on Chapter9 Group Accounts:Comprehensive example

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Question on Chapter9 Group Accounts:Comprehensive example

  • This topic has 3 replies, 3 voices, and was last updated 12 years ago by neilsolaris.
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  • October 28, 2012 at 5:11 am #54739
    zubang5933
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hi,I would like to ask a question on example 1 in chapter 9,where can we know the date before acquisation,I heard that Mike said it was on midyear acquisation September 2008,and it was 10 month pre acquisation,but I can’t find the date before acquisation on note ,please help.

    October 29, 2012 at 5:20 pm #105631
    neilsolaris
    Member
    • Topics: 59
    • Replies: 415
    • ☆☆☆

    The first sentence of this question states that it was acquired on its incorporation. In that case I don’t suppose you have to worry about the date of acquisition. Maybe someone else could confirm this.

    November 3, 2012 at 6:24 pm #105632
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    It CERTAINLY DOES NOT say it was bought on acquisition. This is the question Agne and Dace. We are told the date of acquisition in the top line of the questions – it’s 30 June.

    And we know the year end of Agne is August 31. So, from previous 1 September until date of acquisition, it’s 10 months

    November 4, 2012 at 11:10 am #105633
    neilsolaris
    Member
    • Topics: 59
    • Replies: 415
    • ☆☆☆

    Oh yes, I was looking at chapter 8!

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