• 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
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

toobasco co. S/D 18- treatment of exchange losses

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › toobasco co. S/D 18- treatment of exchange losses

  • This topic has 1 reply, 2 voices, and was last updated 10 months ago by Stephen Widberg.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 26, 2021 at 10:23 am #633009
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    toobasco co. S/D 18) 4)b) from the list of potential errors-iii)

    sir $28m loss was deducted from net cash generated form operating activities, the examiner adds this $28m back as it is non-cash. However we should have added it twice i.e. $56m should have been added back, once to reverse the incorrect treatment by toobasco and second time to reflect the fact that its non-cash.

    can you pls explain sir why the examiner only adds back $28m? and not $56m?

    August 27, 2021 at 6:57 am #633098
    Stephen Widberg
    Moderator
    • Topics: 10
    • Replies: 2529
    • ☆☆☆☆☆

    The XD in this question are on a foreign subsidiary – so would not have been reflected in P&L. They are an OCI item.

  • 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 OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Viktoriia.Yanchuk on The Statement of Financial Position and Income Statement (part d)
  • John Moffat on The management of receivables – Simple settlement discount – ACCA Financial Management (FM)
  • ty0311 on The management of receivables – Simple settlement discount – ACCA Financial Management (FM)
  • Manuga on ACCA AB Chapter 18 – The nature of communication – Questions

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy