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

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Washi Sep 18

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Washi Sep 18

  • This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 1, 2019 at 1:15 pm #506982
    joannekch
    Participant
    • Topics: 3
    • Replies: 3
    • ☆

    Dear Sir,

    I dont understand why the expected ARD/JPY conversion spot rate was in 12 months?
    0.70 x 1.09/1.015 = 0.75
    I thought it supposed to be in 6 months?

    Could you explain this?

    March 1, 2019 at 4:12 pm #507015
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    Although the proceeds are received in 6 months time, the question says that it is another 6 months before they are needed for the project – so 12 months in total.

    March 2, 2019 at 6:58 am #507086
    joannekch
    Participant
    • Topics: 3
    • Replies: 3
    • ☆

    Thank you four reply.

    Another Q, why there is another additional tax payable for Airone to be worked out? This has been shown in W3.

    The tax in Airone has been calculated in the CF in ARD itself.

    March 2, 2019 at 9:22 am #507122
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    The tax rate for Airone is 15%.

    Washi is based in Japan where the tax rate is 30%, so there is addition tax payable at the difference of 15%.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • Jherddie on CIMA E3 Chapter 8 Test
  • umangkumbhat on What is Assurance? – ACCA Audit and Assurance (AA)
  • ahmadhoney on How to register with ACCA?
  • John Moffat on Interest rate risk management (1) Part 5 – ACCA (AFM) lectures
  • osman-the-zephyr@ on MA Chapter 1 Questions Accounting for Management

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in