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Totaling up Q1 Answers

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Totaling up Q1 Answers

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 23, 2017 at 1:32 pm #373846
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi Sir Chris!

    I know we don’t have to get the totals for Q1. But does this mean we don’t have to add across as well?

    For example, we are not expected to get the total assets and total equity and liabilities. But are we expected to add across horizontally or can we just show in SOFP, Goodwill (30+8)? Or 38?

    Thanks!

    February 23, 2017 at 2:09 pm #373850
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    There is no requirement to total up the numbers on the face of the financial statements but you do have to total your workings and transfer to the face of the financial statements.

    One word of caution though is that if your script was borderline pass/fail then the moderation process would look at how you’ve presented your financial statements and whether you’ve totaled things up.

    Thanks

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