Transcription of Answers - ACCA Global
{{id}} {{{paragraph}}}
Example: bachelor of science
Answers - ACCA Global
AnswersProfessional Level Essentials Module, Paper P2 (INT)Corporate Reporting (International)June 2014 Answers1 (a) (i)Marchant Group: Statement of profit or loss and other comprehensive income for the year ended 30 April 2014$mRevenue538 Cost of sales(383) Gross profit155 Other income45 7 Administrative costs(30)Other expenses(74 69)Share of profits of associates1 5 Operating profit97 51 Finance costs(10)Finance income15 Profit before tax102 51 Income tax expense(30 5) Profit for the year72 01 Other comprehensive income: Items which will not be reclassified to profit or lossChanges in revaluation surplus2 8 Remeasurements defined benefit plan(2) Total items which will not be reclassified subsequently to profit or loss0 8 Items which may be reclassified subsequently to profit or lossLosses on cash flow hedge(3) Other comprehensive loss for the year (2 2) Total comprehensive income for the year69 81 Profit/loss attributable to: (w7)Owners of the parent60 21 Non-controlling
(ii) Once control has been achieved, further transactions whereby the parent entity acquires further equity interests from non-controlling interests, or disposes of equity interests but without losing control, are accounted for as equity transactions, that is transactions with owners in their capacity as owners.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
Standards IFRS 9, Financial Instruments, IFRS 9, FINANCIAL INSTRUMENTS, Financial, Classification, Instruments, Impairment of financial instruments under IFRS 9, IFRS 9 Financial Instruments, Financial Instruments, IFRS, STANDARD, IFRS 9, 9 FINANCIAL INSTRUMENTS, INDIAN ACCOUNTING STANDARDS IND AS, IFRS for SMEs illustrative consolidated financial, IFRS overview the main principles and, IFRS overview –the main principles and, International Financial Reporting Standard 3