FAC3703 Specific Financial Reporting (FAC3703)

FAC3703 EXAM PACK S - The study-notes marketplace Downloaded by: nbnetshiya | Distribution of this document is illegal S - The study-notes marketplace 1 FAC3703 May-Jun 2017 (Paper 1) suggested solution © Edge Business School FAC3703 May-Jun 2017 Paper 1 Suggested solution Question 1 a) Calculate employee benefits W1. Salary: (275 000 x 9 months [Apr – Dec]) 2 475 000 (275 000 x 3 months [Jan – Mar] x 100/110) 750 000 Bonus paid: 275 000 Bonus obligation OB: (275 000 x 1/...

FAC3703 LATEST EXAM PACK. Specific Financial Reporting. FINANCIAL INSTRUMENTS (a) A financial asset shall be measured at amortised cost if both of the following conditions are met: (IFRS 9.4.1.2): I. The asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows, and II. The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount ou...

FAC3703 Tutorial notes. FAC3703. Tutorial notes.Prepare the finance cost note to CleanAir Ltd’s annual financial statements How??? 1.Time line to distinguish between different loans, periods, interest rates. 2.Cash flow table – measuring actual interest paid •Each type of loan •Amount borrowed •Interest rate •Period borrowed (split into quarters) 3.Capitalisation table •Net accumulated expenditure – beginning of period •Expenditure incurred •Average accumulated ...

FAC3703 - Specific Financial Reporting. FAC3703 SUMMARY NOTES . Definition of government grants
Categories • Asset-based grants • Income-based grants • Grants related to loans
Tax • Current • Deferred
Repayment
Disclosure
SIC 10 – No specific relation to operating activities Government Grants - Definition:
Government assistance
Transfer of resources to entity
Past/future compliance
Certain conditions linked to activities of entity Categories: Asset-base...

FAC3703 Tutorial notes STUDY UNIT 1: Government Assistance Overview
Definition of government grants
Categories • Asset-based grants • Income-based grants • Grants related to loans
Tax • Current • Deferred
Repayment
Disclosure
SIC 10 – No specific relation to operating activities Government Grants - Definition:
Government assistance
Transfer of resources to entity
Past/future compliance
Certain conditions linked to activities of entity Categories: A...

FAC3703 LATEST EXAM PACK TABLE OF CONTENTS  JUNE 2019  NOVEMBER 2018 MEMO JUNE 2018  NOVEMBER 2017 MEMO JUNE 2017 MEMO  NOVEMBER 2016 MEMO JUNE 2016 MEMO  NOVEMBER 2015 MEMO JUNE 2015 MEMO

FAC3703 Assignment 1 Semester 1 & 2 2021