[PDF] Top 20 ACCA Paper F 7 Financial Repoirting F7FR Session02 d08

... the financial (or money) amount of the net assets at the end of the period exceeds the financial (or money) amount of net assets at the beginning of the period (after excluding any distributions ... Lihat dokumen lengkap

... ¾ IAS 27 Consolidated and Separate Financial Statements rules that “… resulting unrealised profits shall be eliminated in full.” This implies that the unrealised profit is eliminated from the inventory value. ... Lihat dokumen lengkap

... In years to come (i.e. looking forward from the end of 2008) the company will earn profits against which it will charge $6,000 depreciation but will only be allowed $5,000 capital allowances. Therefore taxable profit ... Lihat dokumen lengkap

... consolidated financial statements include those companies in which Bayer AG directly or indirectly has a majority of the voting rights (subsidiaries) or from which it is able to derive the greater part of the ... Lihat dokumen lengkap

... ¾ Controlling interests in such companies would generally appear at cost in the statement of financial position of the investing company. Such interests may result in the control of assets of a very different ... Lihat dokumen lengkap

... Physical assets (e.g. prepayments), liabilities that are not contractual in nature (e.g. taxes), operating leases, and contractual rights and obligations relating to non- financial assets that are not settled in ... Lihat dokumen lengkap

... ¾ However, if a contingent liability of the subsidiary has arisen due to a present obligation that has not been recognised (because an outflow of economic benefits is not probable,) IFRS 3 requires this present ... Lihat dokumen lengkap

... Consolidated statement of changes in equity for year ended 31 March 2008 Share Retained Total Non-controlling Total capital earnings interest Equity $ $ $ $ $ At 1 April 200[r] ... Lihat dokumen lengkap

... ¾ The associate is not consolidated line-by-line. Instead, the group share of the associate’s net assets is included in the consolidated statement of financial position in one line, and share of profits (after ... Lihat dokumen lengkap

... FOCUS You should now be able to: ¾ indicate the problems of using historic information to predict future performance and trends; ¾ explain why statement of financial position figures[r] ... Lihat dokumen lengkap

... 5 PROFORMA 5.1 Direct method $ $ Cash flows from operating activities Cash receipts from customers x Cash paid to suppliers and employees x ____ Cash generated from operationss[r] ... Lihat dokumen lengkap

... ¾ New number of shares Basic number X No of shares which could exist in the future: from the later of − first day of accounting period − date of issue X ____ X ____ 4.2.2 New ea[r] ... Lihat dokumen lengkap

... the Financial Accounting Standards Board (FASB) in the United States, IFRS 5 was issued to achieve substantial convergence with FASB Statement 144 “Accounting for the Impairment and Disposal of Long-Lived ... Lihat dokumen lengkap

... [r] ... Lihat dokumen lengkap

... ¾ Current projects also include the short-term convergence of IFRSs and national accounting standards: ‰ Joint project with the FASB the US Financial Accounting Standards Board; IFRS 5 [r] ... Lihat dokumen lengkap

... ¾ Disclosure shall be made about key assumptions concerning the future, and key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the ... Lihat dokumen lengkap

... ¾ In recent years some companies have devised increasingly sophisticated “off balance sheet financing” schemes whereby it was possible for them to hold assets and liabilities which did not actually appear on the ... Lihat dokumen lengkap

... ¾ In order to make economic decisions users of the accounts need to understand the composition of figures in as much detail as possible. There is a trend in reporting to provide more detailed information about the ... Lihat dokumen lengkap

... 2 SALE OF GOODS ¾ Revenue recognition criteria ‰ Significant risks and rewards of ownership are transferred to the buyer ‰ Neither continuing managerial involvement nor effective co[r] ... Lihat dokumen lengkap

... 2 RECOGNITION 2.1 Criteria ¾ An item of property, plant and equipment shall be recognised when: ‰ it is probable that future economic benefits associated with the asset will flow t[r] ... Lihat dokumen lengkap