... in
answer to requirement (b) (i) above. (6 marks)
CIMA, Financial Accounting – UK Accounting Standards, November 2002 (20 marks)
5.8 (a) Accounting practices for fixed assets and depreciation ... materials 500 550
Direct labour 100 150
Site overheads 100 100
Fixtures and fittings 200 200
The construction of the stores was financed out of the proceeds of issue of a 10 million
zero...
... 1500 1200 6000 5000 105 00 12200
Common costs (500) (400)
–––––– ––––––
Operating profit 100 00 11800
Interest payable (100 0) (900)
–––––– ––––––
Profit before taxation 9000 109 00
–––––– ––––––
Note ... recent edition is the 7th edition, edited by A. Wilson,
M. Davies, M. Curtis and G. Wilkinson-Riddle, published by Butterworths Tolley in 2001. The
relevant chapter is 24.
Chapter 1...
... coterminous accounting period declares a dividend after the end
of the holding company’s year end. (10 marks)
ACCA, Advanced Financial Accounting, December 1992 (20 marks)
72 Part 1 · The framework of financial ... sheet:
££
Equity shareholders 60 Assets
10 items of stock at 10 each 100
Debentures 40
–––– ––––
100 100
–––– ––––
–––– ––––
£
Increase in cash 30
Increase in wid...
... (86)
31 Dec X2 (11) (97)
1 Jan X3 2000 (100 0) 903
31 Dec X3 45 948
1 Jan X4 2000 (100 0) 1948
31 Dec X4 98 2046
1 Jan X5 (102 3) 102 3
31 Dec X5 52 107 5
1 Jan X6 (104 9) 26
1 Jan X7 (26) –
Notes:
(a) ... transaction should be
determined; (10 marks)
(b) how the debt factoring arrangement will be reported in the financial statements of
S Ltd. (10 marks)
CIMA, Financial Reporting, Nov...
... of sales (415) (40) (165) (620) (555)
Gross profit 135 10 10 155 135
Net operating expenses (85) (4) (25) (114) (83)
Less 1992 provision 10 10
Operating profit 50 6 (5) 51 52
Profit on sale of ... are:
296 Part 2 · Financial reporting in practice
Segmental reporting
The financial statements of a company and the consolidated financial statements of a group
summarise the results and...