ACCA Paper F 7 Financial Reoirting F7FR Session11 d08
Teks penuh
Dokumen terkait
¾ If it is not practicable to determine the period specific effects of an error on comparative information for prior periods presented, the entity shall restate the opening
¾ An entity shall present current and non-current assets and current and non-current liabilities as separate classifications on the face of the statement of financial position,
¾ When the cost model is used, the fair value of property, plant and equipment when this is materially different from the carrying
¾ After initial recognition, an entity that chooses the cost model shall measure all of its investment property using the cost model in IAS 16 Property, Plant and Equipment, that is
¾ When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs associated with the construction contract should be recognised as
The reduction of closing inventory in the consolidated statement of comprehensive income would reduce the profit for the year and hence the accumulated profit/retained earnings
The consolidated statement of comprehensive income shows the income generated by the group’s resources (= net assets in consolidated statement of
If a business revalues its assets rather than carrying them at historic cost, this will usually increase capital employed and reduce profit before tax (due to higher