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Viagem

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Viagem

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.
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  • November 11, 2021 at 5:01 pm #640444
    Nikitagarwal
    Participant
    • Topics: 154
    • Replies: 147
    • ☆☆☆

    Hi Sir,
    I hope you are doing well and safe!
    The Viegem Co question can be found in BPP revision kit.
    I wanted to understand why while calculating share of profit of associates we have no done 9/12 , ultimately when we are propertionting alll expense/income then why not this as well ?

    November 13, 2021 at 8:58 am #640541
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7172
    • ☆☆☆☆☆

    Hi,

    I’m well, thanks. The investment in the associate has been held for several years and so has been held for the full year being reported upon, hence there is no requirement to pro-rate the profits.

    Thanks

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