Another SMS question:
May I noe how to treat the notes for accounting STD relate to the statement of cash flow..treat separate or put it in the statement..usually I dunno which one is the non cash item n willforget to put it..hv any way to remember
Answer:
For cashflows, ac std would be written separate. Focus on cash movements. If can add in conso cashflows better still.
Question:
Cash movement is actually inside SOCI item izzit..cos I duno how to differentiate it oh.
Answer:
Cash movements r adj in cash. SOCI items r non cash items. i.e. Depn add back.
Question:
Sir i add u le..XXXX..I not really noe ohh..n izzit necessary to draft the SOFP 1st before Do CF...Iduno which is cash items oh.
Answer:
Ok. Cash item like sales proceed from dispo, tax paid, etc.
Sir, can I skip all the EDs which u did not teach us in class but it appears in examinable document?
ReplyDeleteeg: service concession arrangement, simplifying of EPS, etc...
Sir, would like to check with you. I am currently working on the PYQ June 2009, for Q1 (ii), looking at the answer, is that a piecemeal acq? Why is it that, the COI on 1 June 2008 is 118 instead of 128?
ReplyDeleteAnd also to assure, for the same question mentioned above, we have to only take into consideration for (i) and (ii) for consolidation purpose, and as for the other notes, we can do it separately just like how you taught us during class, right?
Sir, Im your student for P2 in KSA KL Campus. What accounting standard/tax or law variant should i choose for the coming exam? I should choose International or UK variant?
ReplyDelete