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sep/dec 2017 q2 ,, Chicory

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › sep/dec 2017 q2 ,, Chicory

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.
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  • July 25, 2020 at 12:30 am #577896
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    hello sir

    for calculating ROCE .. if in the q given both beginning and closing figures of total assets and current liabilities

    we MUST calculate the average or the closing figures only?

    as in sep/dec 2017 q2 named Chicory
    in the examiner answer they have used the average CE and this gives totally different result/analysis

    than using the closing figures only ..

    thanks alot

    July 25, 2020 at 9:44 am #577943
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    In financial analysis, the closing figures for CE is most common. That way you can compare the two successive sets of financial statements that are usually published.

    Of course, this can lead to distortions eg if new capital had been issued just before year end so is in the CE but there was little chance for profits to be affected.

    Generally, I suggest you use closing for simplicity. You shouldn’t lose marks, but take note of any other effects that should be considered either in profits or capital.

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