Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
logo
  • BPP University College Of Professional Studies Limited (BPP)
  • BPP University College Of Professional Studies Limited
  • Corporate Finance (ACCAF7FINANCIAL)
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 4 out of 251 pages
Other

ACCA F7 - Financial Reporting Workbook Notes For Grade A

0.0
(0 reviews)
- sold
251 pages
2020/2021 Written for academic year
Institution
BPP University College Of Professional Studies Limited (BPP)
Course
Corporate Finance (ACCAF7FINANCIAL)
Document preview thumbnail
Preview 4 out of 251 pages

ACCA F7 - Financial Reporting Workbook Notes For Grade A

Content preview

F7 Workbook Q & A www.mapitaccountancy.com




ACCA F7 - Financial
Reporting

Workbook




1

,F7 Workbook Q & A www.mapitaccountancy.com




Group Accounts




2

,F7 Workbook Q & A www.mapitaccountancy.com


Illustration 1

Almeria Murcia

Non Current Assets

Tangible 100 100

Investment in Murcia 300



Current Assets

Inventory 40 200

Receivables 60 100

Cash 200 200

700 600



Ordinary Shares 160 100

Accumulated Profits 240 200

Equity 400 300



Non Current Liabilities 100 200

Current Liabilities 200 100

700 600



Additional Information

Almeria today acquired all the shares in Murcia for $300m.

The Fair Value of the NCI at acquisition was 0.

Required

Prepare the consolidated statement of financial position for the Almeria group




3

, F7 Workbook Q & A www.mapitaccountancy.com


Pro-Forma

Working 1 - Group Structure

Almeria




Murcia


Date Acquired

Parent Share

NCI




Working 2 - Equity Table
At Acquisition At Year End

Share Capital

Accumulated Profits




Working 3 - Goodwill



Cost of Parent Investment

Fair Value of NCI at acquisition

Less net assets at acquisition (W2)



Goodwill



4

Document information

Study
BPP University College Of Professional Studies Limited
Uploaded on
March 12, 2021
Number of pages
251
Written in
2020/2021
Type
Other
Person
Unknown
Report Copyright Violation
$15.93
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
excellentnotes
2.7
(6)
Sold
29
Followers
26
Items
55
Last sold
2 year ago

Browse related subjects

Subjects

  • acca f7 financial reporting workbook 1f7 workbook q amp a wwwmapitaccountancycom group accountsadditional information almeria today acquired all the shares in murcia for 300m the fair value

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions