MAC3703 Assignment
1 (COMPLETE
ANSWERS) Semester 2
2025 - DUE 11
September 2025
NO PLAGIARISM
[Pick the date]
[Type the company name]
, Exam (elaborations)
MAC3703 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 11
September 2025
Course
Selected Accounting & Financial Management Techniques (MAC3703)
Institution
University Of South Africa (Unisa)
Book
Financial Management - Techniques
MAC3703 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 (869849)-
DUE 11 September 2025 ; 100% TRUSTED Complete, trusted solutions and
explanations.. Ensure your success with us....
PART A A) Critically evaluate the actual income statement prepared by APM’s
management accountant for the year ended 31 July 2025. In your critical
evaluation, you must: • Indicate whether and provide a reason why you
agree/disagree with each amount; • Review all the information/workings for
errors and/ or omissions, and where applicable, provide correct workings.
How to evaluate APM’s Actual Income
Statement (YE 31 Jul 2025)
1) Presentation & classification (IAS 1)
Check that subtotals (Gross profit, Operating profit, PBT, Profit for the year) are
mathematically consistent and based on corrected line items.
Ensure OCI items are not in profit or loss, and “unusual/infrequent” labels aren’t used
to bypass IFRS classification.
Function vs nature: if the statement is by function (COGS, distribution, admin), ensure
depreciation, staff costs, etc., are embedded consistently (not double-counted or
omitted).
2) Revenue (IFRS 15)
Typical errors & your fixes:
Cut-off: remove revenue where control passed after year-end (dispatch/receipt docs
around 26 Jul–5 Aug).
1 (COMPLETE
ANSWERS) Semester 2
2025 - DUE 11
September 2025
NO PLAGIARISM
[Pick the date]
[Type the company name]
, Exam (elaborations)
MAC3703 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 11
September 2025
Course
Selected Accounting & Financial Management Techniques (MAC3703)
Institution
University Of South Africa (Unisa)
Book
Financial Management - Techniques
MAC3703 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 (869849)-
DUE 11 September 2025 ; 100% TRUSTED Complete, trusted solutions and
explanations.. Ensure your success with us....
PART A A) Critically evaluate the actual income statement prepared by APM’s
management accountant for the year ended 31 July 2025. In your critical
evaluation, you must: • Indicate whether and provide a reason why you
agree/disagree with each amount; • Review all the information/workings for
errors and/ or omissions, and where applicable, provide correct workings.
How to evaluate APM’s Actual Income
Statement (YE 31 Jul 2025)
1) Presentation & classification (IAS 1)
Check that subtotals (Gross profit, Operating profit, PBT, Profit for the year) are
mathematically consistent and based on corrected line items.
Ensure OCI items are not in profit or loss, and “unusual/infrequent” labels aren’t used
to bypass IFRS classification.
Function vs nature: if the statement is by function (COGS, distribution, admin), ensure
depreciation, staff costs, etc., are embedded consistently (not double-counted or
omitted).
2) Revenue (IFRS 15)
Typical errors & your fixes:
Cut-off: remove revenue where control passed after year-end (dispatch/receipt docs
around 26 Jul–5 Aug).
