*LSBF Pass 1st Time Guarantee™ provides a free re-sit course in case .. ATC International became a part of Becker Professional Education. Most of u come here for ACCA materials and study buddies, however ACCA One of those degrees is Diploma in International Financial Reporting Standards, or DipIFR. And again, as for Study material, i recommend ATC. ACCA June –Kazakhstan. Morgan ATC International The package comprises Becker’s ACCA Approved Study Text, Revision. Question Bank and the.

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Depreciation is charged on the straight line basis.

study question bank – Becker Professional Education

The final Statement of Principles is available to the public on request, but is not formally published. Assume that it constitutes a material error. The franchise is for five years. For a transaction to be recognised as giving rise to a new asset or liability, or to add to an existing one, it must meet the following recognition criteria: And memorized all the small differences between F7 and DipIFR, because same things are examined all the time. The only way in which such assets can be recognised is if the entity is acquired, but even then they are recognised only in the consolidated statement of financial position of the acquiring company.

Throughout its more than year history, Becker has earned a strong track record of student success through world-class teaching, curriculum and learning tools. The point of cut-off could be in the middle of a very detailed or complex transaction or related transactions which again the financial statements may not be able to reflect fully.

  KBA 41891 PDF

The plant had an estimated useful life of twelve years, residual value of nil. A logical progression of this point would be to say that any industry whose products are normally sold on a commodities market could consider the obtaining of the product to be the critical event. Set out below is the effect that these modifications will have on the accounts for the year to 31 December It is therefore not appropriate to deal with any excess depreciation by adjusting opening retained earnings.

The fittings supplied free of charge by Sigma could be excluded from the statement of financial position on the grounds that they are not owned by Custom Cars.

Without detailed knowledge of how these figures have been determined, their meaning can be difficult to construe. Nearly half a million professionals have advanced their careers through Becker Professional Education’s courses. The plant had an estimated useful life of 10 years and a residual value of Nil.

It may introduce another element of subjectivity, but accounts preparation inevitably does involve many judgmental decisions. A condensed, easy-to-use aid to revision containing essential technical content and exam guidance. In the year to 31 Marchas six of the 24 publications have been produced and delivered, the profit or loss would include: What i didis practiced with kit.

In such circumstances the reporting of a sale would not represent faithfully the transaction entered into. The company has consistently used FIFO first in, first out in valuing inventory, but it is interested to know the effect on its inventory valuation of using weighted average cost instead of FIFO At 28 February the stjdy had inventory of 4, standard plastic tables, and has computed its value on each side of the two bases as: I therefore propose that the unamortised cost of the asset should be charged to revenue over the remaining useful life of the asset.


There would be no direction or guidelines governing the content, or rules, that should be followed and parties would devise their own rules.

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Nowadays, financial statements prepared under a financial reporting framework e. Although ayc customer may have the right to return goods, if it can be demonstrated that in practice this never actually occurs, then recognising the sale before the expiry of the return period could be justified.

Inventory is therefore valued according to the price paid for the most recent purchase. At 31 March the details for the construction contract have been summarised as: The overhead allocation should be based on the normal level of production and should exclude selling expenses and general management expenses.

study question bank – Becker Professional Education

Lack of information about the dates of payments to sundry accounts payable or receipts from sundry accounts receivable could affect the position. Viewing 10 posts – 1 through 10 of 10 total. Therefore the statement of comprehensive income may be inadequate in reflecting the amount of profit made in a period. Notes to the financial statements are NOT required. U just need to train yourself to pass this exam. Sa Revision Question Bank: It is not acceptable to include selling costs or costs not related to production in the cost calculation.