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Taxation mini excercises

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Taxation mini excercises

  • This topic has 3 replies, 3 voices, and was last updated 6 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 21, 2015 at 11:18 am #284301
    Miguel
    Member
    • Topics: 38
    • Replies: 30
    • ☆☆

    Good morning Mike,

    I’m reviewing the taxation mini exercises and I have some questions about them:

    Question 2: I’m totally lost with the answer to question 2, I don’t understand where the figures included in the bookings are coming from.

    Question 6,7,8,10,11,12,14,16: I don’t get why the transfer from deffered to current is the result of the deduction of the deffered tax liability in the TB minus the amount that comes from the company’s net assets figure that was calculated less than the carrying amount. Shouldn’t the transfer be for the amount that is included in the deffered tax liability in TB only?

    Question 9: I don’t understand the bookings in the answers and the figures included on them. Where are the amounts from the revaluation reserve coming from? In the question there is not info about any revaluations f.e.

    Question 13 & 15: I don’t get why the transfer from current to defferred is the result of the deduction of the liability to deffered tax minus of the deffered tax liability in the TB. Shouldn’t the transfer be for the amount that is included in the current tax liability in TB only? On the other hand, on both questions I’m not able to follow how do we get the figures from the second booking ( DB P&L; CR current tax).

    Thanks for the support and time you take to explain us our doubts Mike!

    Cheers!

    November 24, 2015 at 12:35 pm #284891
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    Just answered these in your more recent post

    February 19, 2016 at 5:32 pm #301173
    dipali007
    Member
    • Topics: 1
    • Replies: 1
    • ☆

    Hello

    I saw the taxation mini exercises earlier, but I cant see them anymore – can you advise where I can find these?

    Thanks

    Dipali

    February 19, 2016 at 7:03 pm #301182
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    Back end of the F7 free course notes – mini exercises start around page 200

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