• 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
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

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

Related to the lecture on IAS 10 F3

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Related to the lecture on IAS 10 F3

  • This topic has 1 reply, 2 voices, and was last updated 12 years ago by Sangria9.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 21, 2013 at 12:14 pm #123094
    Mohammad Ibrahim
    Member
    • Topics: 37
    • Replies: 15
    • ☆☆

    I wanted to know that why dont we treat the factory fire as a transaction and record even after the statements were made?

    The amount was significantly material

    And also what to do with the insurance money? Any entry for that?

    Thank you

    May 20, 2013 at 5:07 pm #126342
    Sangria9
    Member
    • Topics: 25
    • Replies: 285
    • ☆☆☆

    You prepare SOFP as of year end (e.g. 31 December) and SOPL for the year (e.g. from 1st January till 31st December).
    As of 31 December the factory was OK. Thus statements should represent factory as it is OK.

    For the next year you will record factory fire and represent this event in financial statements for this subsequent year.

  • 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

  • crabtreef on PM Chapter 9 Questions Short-term decision making
  • Abdjr11 on Financial management objectives – ACCA Financial Management (FM)
  • John Moffat on FA Chapter 6 Questions Depreciation
  • Masterodad on FA Chapter 6 Questions Depreciation
  • natashad25 on MA Chapter 3 Questions Presenting Information

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