請掃碼關注以下群 ，加入ACCA學習 沖刺期間任 問題請私聊小TutorIntroduction_ScottMBA,FudanFCCA&CICPA7years’practicalexperienceinBig4AccountingFirmsand4years’experienceinInvestmentGroup8years’experienceintutoring(Spring&Takeall14examsin3RevisionRevision20MultipleChoiceQuestions(2marks3Essay(15marksfor2questionsand30marksfor1

Multiple

Jun-Cashflow

ConceptualFrameworkandothersAdjusting&Non-ConceptualFrameworkandothersMultipleMultiple Jun-ConceptualFramework5226CashflowConceptualFramework5226Cashflow121412112111112111KNOWLEDGEGO

RevisionConsolidatedfinancialCashflowRatioysisandinterpretationsoffinancialConceptualFrameworkand

INVESTMENTTreatmentinControl(>FullEquityFairvalue(throughInvestmentthrough(shortFairvalue(throughprofitCONSOLIDATIONCalculationofCalculationofFairvalueIntra-groupAccountingforConsolidate

AtacquisitionAfter

PROCEDURES@ACQUISITIONCalculationofCashShare1.2AdjustmentforNA@acquisitionOtheradjustmentsin

III.PROCEDURES@ACQUISITIONFairvalueofPPE&ConsideringNCIFairvalue

PROCEDURES@ACQUISITIONCalculateFairvaluemethodConsiderationofFairvalueof

Original %*Fairvalueofnet Fairvalueofnetassets

a-CalculateNegative

ArisingonabargainReassesstheamounttoensurenoCreditthenegativegoodwilltoNCI@acquisitiondate=FairIV.PROCEDURESAFTERACQUISITIONFairvalueInventorysoldafteracquisition(realizedamount)Dr.Costofsales/RECr.AdditionaldepreciationforPPE&Dr.Costofsales/Cr.PPE/

PROCEDURESAFTERACQUISITIONIntra-groupEliminateintra-groupCashinDr.Cr.GoodsinDr.Cr.IntragroupDr.PayablesCr.Receivables

IV.PROCEDURESAFTERACQUISITIONIntra-groupUnrealizedprofitP→Dr.Cr.Dr.Cr.

S→Cr.CostDr.Cost/R/EDr.NCICr.

IV.PROCEDURESAFTERACQUISITIONIntra-groupLoansand*d.Intra-groupsalesofDr.R/E(Totalunrealizedprofit)Cr.PPEDr.PPE---Accu.Dep.(UnrealizedprofitCr.Depreciationexpenses–currentyearsCr.R/E---prioryears

ImpairmentforImpactonNCI-FairvalueNCI&RetainedearningafterProfit&Lossafteracq.*%ofFairvalueUnrealized

WORKFORAssetsInvestment&PPE&Receivables&EquityCapital&Retained

V.WORKFORP+Sales:Intra-group a.Intra-groupUnrealisedAdjustmentforfair(investmentFinancecostbetweenP&SProfitandcomprehensiveeattributableto

V.WORKFORAccountingforInitial Netassets@yearLess:Reserveafter%of

B-%Costof D=%*(B-Costofasso.

E=A-Investmentinasso.@ V.WORKFORIntra-Group Dr.Groupretained (PCr.Investmentin Dr.Groupretained (PCr.Group WORKFORDr.ShareofprofitofCr.InvestmentinProfitafterDr.InvestmentinCr.ShareofprofitofAsso./Dr.Cash/DividendreceivableCr.InvestmentinAsso.

Cashflow

Indirectmethod(morecommoninDirectmethod CashflowsfromoperatingactivitiesProfitbeforetaxationAdjustmentsfor:DepreciationAmortisationInterestexpenseProfitondisposalofIncreaseintradereceivablesIncreaseininventoriesDecreaseintradepayablesIncreaseinCashgeneratedfromInterestpaidetaxesNetcashfromoperating Cashflowsfrominvesting Purchaseofproperty, ntandequipment ProceedsfromsaleofequipmentNetcashusedininvestingCashflowsfromfinancingactivitiesProceedsfromissueofsharecapitalProceedsfromissueofdebenturesDividendspaidNetcashfromfinancingNetincreaseincashandcashequivalentsCashandcashequivalentsatbeginningofyearCashandcashequivalentsatendofyearKEYPPE&IntangibleOpening+Addition(CashPayment)+RevaluationDisposal(NBV)–Depreciation=CashProceeds(CashReceipt)–Disposal(NBV)=Gain/(loss)ondisposalKEYetaxTaxpayable(Liability): Opening+Currenttaxexpenses–taxpayment(cash)=Deferredtaxexpenses=changesin)/DTLetaxexpense(P&L)=currenttaxexpensesdeferredtaxCurrenttaxexpenses=currentyearexpense prioryearunder/(over)

KEYInterestpaid--->AccrualWorkingcapitalCurrent →CashCurrentliability →CashBank →CashandcashFinancingBank

ACCA學習方Ratioysisandinterpretationsoffinancialstatements

Investors'

Returnonassets(orROCE) PBIT=Profitbeforeinterestandtax.ItisoftenreferredtointernationallyasIBIT(ebeforeinterestandtax)TALCL=Totalassetslesscurrentliabilities.Itisequaltothecapitalinvestedinthebusiness(equityplusnon-currentliabilities).

Profit AssetturnoverReturnon

PBITPATandpreferencedividends%Equityshareholders'fundsCurrentratio=Currentassets/CurrentQuickratio(oracidtest)(Currentassets–inventories)/CurrentCostofSales/Inventories Inventories/CostofSalesx365days*

Debt/equityInterestbearingdebt/Shareholders’fundsxDebt/(debt+equity)Interestbearingdebt/(shareholders’funds+bearingdebt)xInterestbearingdebt=long-termdebtonwhichtheisrequiredtopayinterest.Insomeinstancesapersistentbankoverdraftisclassedaslong-termdebt.Interestcover=PBIT/Interest

INVESTORS’DividendyieldDividendpershare/AveragemarketpricexDividendcover=EPS/DividendperP/E =MMP/Earningsyield=EPS/

ChapterKeyExamDefinitionofCostModelandRevaluationDefinitionofCostandRevaluation

CostAnyamountsincurredtoacquiretheassetandbringitintoworkingPurchasecost:purchaseprice,importduties,freight,non-refundabletaxesDirectlyattributablecosts:professionalcosts,sitepreparationcosts,installation,testingTheestimatedcostofdismantlingandremovingtheassetandrestoringtheAdministrationandothergeneraloverheadCostsofintroducinganewproductorInitialoperatinglossesbeforetheassetreachesnnedStartupCostNBV=Cost–accumulateddepreciationNBV=Revaluedamount–accumulateddepreciation

Revaluedamount<NBV,differenceshouldberecordedasexpense,unlessoffsetsapreviousupwardRevaluedamount>NBV,differenceshouldberecordedinarevaluationreserveasrevaluationsurplus,unlessitoffsetsapreviousdownwardCost/Rev’n–ResidualvalueoverusefullifeComponentsdepreciatedseparaLandandbuildingareaccountedforseparaBeginswhenavailableforuse,ceasewhenDepnshouldbechargedevenwhenfairvalue>carryingReviewUL/RV/dep’nmethodateach

INVESTMENTHeldtoearnrentalsand/orforcapitalCostRecog,initialandsub.measurement:sameasRevaluationGain/lossonrevaluationshouldberecordedinprofitorNo

ChapterKeyExamCostandRevaluationFiniteandInfiniteCostandRevaluationCostCostlessaccumulatedamortisation/impairmentToFVifactivehomogenouswillingbuyers/sellersanypricesavailabletotheNoactivemarket?costRevaluewholeRevalueregularlysuchthatBVnotmateriallydiffto

FiniteandInfiniteFiniteAmortiseonsystematicbasisoverusefulBeginswhenavailableforResidualvaluenormallyassumed=Reviewusefullifeandmethodatleasteachfinancialyear-InfiniteNOTReviewindefiniteusefullifeassessmenteachImpairmenttestsatleast

ChapterKeyExamRecoverableImpairmentCashgeneratingunit

RecoverableNoassetshouldberecordedatmorethanitsrecoverableHigherFVlesscoststosell

Valueinusenetcashflows)significantfallinsignificantexternaladversechanges(intechnological,market,economicorlegalenvironment)increaseinmarketinterestcarryingamountofNA>marketsignificantinternaladversechanges(e.g.discontinuance/-assetperformanceworsethanExcept,annualtestsintangibleswithanindefiniteusefuldevelopmentexpenditurenotyetreadyfor

AssetsthataredamagedorGoodwillallocatedtotheOthernon-currentassetsonaprorataAfterallocation,thecarryingvalueofanassetshouldpositiveandgreaterthanthehigherFVlesscosttoValueinuse(ifnotdeterminable,then

AssetsthataredamagedorGoodwillallocatedtotheOthernon-currentassetsonaprorataAfterallocation,thecarryingvalueofanassetshouldbepositiveandgreaterthanthehigherof:FVlesscosttoValueinuse(ifnotdeterminable,thenExamples:

ChapterKeyExam changesorprioryearerrorV.S.accountingestimationchangesAccountingforNon-currentassetheldfor changesorprioryearerrorV.S.accountingestimationchangesChangesof /PrioryearNewpoliciesshouldbeappliedAdjustopeningComparativefiguresshouldbeChangesofaccountingApplythenewestimatetechniqueinthecurrentandfuture

AccountingforNon-currentassetheldforThefollowingcriteriamustbetheasset(ordisposalgroup)mustbeavailableforimmediatesaleinitspresentcondition,subjectonlytousualandcustomarysalesterms,andthesalemustbehighlyAccountingRevalue(ifpreviouslyheldatfairRemeasuretolowerCarryingamountFairvaluelesscoststoAnyimpairmentlosstreatedunderIAS

DonotShowseparayonfaceofSOFPascurrentAccountingforNon-currentassetheldforMinimumonfaceofSOCISingleamountonPost-taxprofitorlossofdisPost-taxgainorlossonremeasurementtofairvaluelesstoselloronOnfaceorinPost-taxgain/lossondisposal/

ChapterKeyExamValuationofBiological

ValuationofLowerCostofCostsofOthercostsinbringinginventorietotheirpresentlocation&conditione.g.non-productionoverheadsreproductforaspecificcustomer

NetSP-coststo-costsnecessarymakeBiologicalasset(IAS41)：Abiologicalassetislivinganimal Agriculturalproduce(IAS41)：Agriculturalproduceisharvestedproductoftheentity'sbiological

BiologicalBiologicalassetsaremeasuredbothoninitialrecognitionandattheendofreportingperiodatfairvaluelesscoststoAgriculturalproduceatthepointofharvestisalsomeasuredatfairvaluelesscostsThefairvaluelesscoststosellofagriculturalproduceharvestedesitscostunderIAS2Inventories.Afterharvest,theagriculturalproduceismeasuredatthelowerofcostandnetrealisablevalueinaccordancewithIAS2.Fairvalueisthepricethatwouldbereceivedtoselltheasset(IFRS13).Coststosellareincrementalcostsdirectlyattributabletodisposaloftheasset,missionstobrokersandtransfertaxes.ChangesinfairvaluelesscoststosellarerecognisedinprofitorWherefairvaluecannotbemeasuredreliably,biologicalassetsaremeasuredatcostlessaccumulateddepreciationandimpairmentlosses.ChapterKeyExamPointAccountingforProvisionsOnerousmissioning&environmentalAccountingfor'Aliabilityofuncertaintimingorpresentobligation(asaresultofapastlegalobligation,constructiveprobableoutflowofresourcesembodyingeconomicreliableLargepopulation?expectedvaluesSingleobligation?mostlikelyeDiscountifmaterial

OnerousProvideforunavoidableLowercostoffulfilling;penaltiesfromfailuretoOnlyprovidedetailed n;validexpectationraisedbystartingtoimplementitorannouncingmainIncludeonlydirectnecessarilyentailedbytherestructuring;notassociatedwiththeongoingactivitiesofthe

missioning&environmentalMakeaprovisionwherethereisalegalconstructiveobligationtocleanProvisionisdiscountedtopresentDRAsset(depreciateoverUL)CRProvisioniscompoundedupover Interest(%xb/d)to

ContingentVirtuallycertain

DoContingentDisclose(unlessoutflowofresourcesbriefdescriptionofestimateoffinancialindicationofpossibilityof

ChapterKeyExamCommonexamplesofsubstanceoverSaleofRenderingofConstructionernment

CommonexamplesofsubstanceoverSaleorreturn/consignmentremaininrevenuenotrecogniseduntilsoldto3rdSaleandAccountforasloansellerretainsbenefitsofuseofrepurchase

CommonexamplesofsubstanceoverSaleandleasebackunderafinanceaccountforasfinancelease(i.e.aloan)ifrisksandofownershipFactoringofRetainreceivableinSOFPandtreatcashasloanbaddebtriskinterestincurredonsumsunpaiddebtsreturnedto

SaleofRecogniseTransferofsignificantrisksandrewardsofNocontinuingmanagerialinvolvementnoreffectiveRevenuecanbemeasuredProbableinflowofeconomicTransactioncostscanbemeasured

RenderingofecanbeestimatedRecogniseoverperiodofservicewhen:stageofcompletioncanbemeasuredreliablyAndRevenuecanbemeasuredProbableinflowofeconomicTransactioncostscanbemeasured

Accountingforconstructionecanbeestimated---Recognisecontractrevenueandcontractcostsreferencestageofcompletionofsritlts SurveysofworkWorkcertified/ContractpricexEstimatedPhysicalportion

AccountingforconstructionecannotbeestimatedRecogniserevenueonlytoextentofcontractincurredthatitisprobablewillbeRecognisecostsasexpenseinperiodAccountingforconstructionCosttodateAdd/(Less):recognisedLess:progressAmountduefrom

X

關注獲Unpaidprogress Ifamountduefromcustomersisnegative,showunderPayablesunder‘paymentonaccount’

ACCA學習方WillcomplywiththeconditionsoftheWillreceivetheAccountingGrantsrelatingtoGrantsrelatingRepaymentofNon-monetaryFairNominal

ChapterKeyExamFinancialFinancialAmortizedcostConvertible

FinancialDerivativeEquityinstrumentofanotherHeldatfairFairvaluethrough?gains/lossestoAvailable-for-?gains/lossesto?reclassifyfromOCItoP/LonltLoansandHeldto

FinancialContractualobligationtodeliverDerivativeDebtFinancialassetsandRedeemablepreferencefinancialheldatamortisedeffectiveinterestcharged/creditedtoEquityOrdinaryshareIrredeemablepreferenceIssuecostsdeductedfromshare

AmortisedInitialvalueb/d(incltranscosts)Interestateffective%Couponatnominal%Amortisedcostc/dChapter14Example1

Interest CouponRecevedPrinciple Principle@year0ConvertibleSeparatedebt/equityPVprincipal(Xx1/(1+r)n) PVinterestflows:(Nominalinterestx1/(1+r) (Nominalinterestx1/(1+r) (Nominalinterestx1/(1+r) Debt ∴Equity Cash Discountusinginterestratefornon-convertibleChapterKeyExamFinanceOperatingSaleandleasebackFinanceTransferofownershiptothelesseeattheendofleaseOptiontopurchasetheassetatabargainLeasedforamajorpartoftheasset’seconomicPresentvalueoftheminimumlease(PVMLP)issubstantiallyalloftheasset’sfairSpecialisedasset,couldonlybeusedbythelesseewithoutmajormodifications

FinanceCapitaliseassetfairvalue;iflower,Setupfinanceleaseliability(seeRepaymentssplitbetweenfinancechargeandSOFP–netbookfinancelease –finance

OperatingChargerentalsonasystematicbasisoverSOFP–onlyaccruals/prepaymentsforP/L–rentalSaleandleasebackLeasebackasfinanceSubstance=noDrCrFinanceleaseSaleandleasebackLeasebackasoperatingSaleproceeds=Saleproceeds<-recogniseprofit/lossimmediayunlesslosscompensatedrentalsat<marketprice?defer&amortiseoverassetexpectedtobe

SaleandleasebackLeasebackasoperatingSaleproceeds>deferexcessoverFVandamortiseoverperiodexpectedtobeinsubstanceexcessisaloanheldatamortisedcostIASInallcases,ifFV<-recogniselossimmedia

ChapterKeyExamDeferredTaxDeferredTaxTaxImpacton

DeferredTemporary-TimingDeferredtaxisrecognised(accrualTaxratewhendeferredtaxisrealisedisPermanent-Nodeferred

DeferredTaxAssetaccountingcarryingamount>Taxe.g.acceleratedtaxallowancescapitaliseddevelopmentcostinterestrevenueDeferredtaxliability=taxrate*temp OCI(&RS)ifDeferredTaxLiabilityaccountingcarryingamount>taxTaxlossescarriedDTassetbasedontheamountoftaxlossthatwillbeusedbeforeexpiry*taxTaximpactonDeferredAsset/liabilitymovementisrecordedinP/LexceptforCurrentCurrentyear’staxPrioryear’soverorunder

KeyExamBasicDilutedImportanceandlimitationofBasicBasicSHARE

Bonus

Rights

(usebonus

bonusBasicEPS----ExampleOn1January20X1SaundersCohad2,000,0