DipIFR ACCA Rus — exam tips for December 2009 session

25 ноября 2009 13:46 smoderov Новости, Семинары

DipIFR ACCA Rus — exam tips for December 2009 session
Below we provide awaited topics to be covered at DipIFR Rus 2009 December session by ACCA.

• Q1 (25 marks): Consolidated statement of comprehensive income (P&L) and/or statement of financial position (balance sheet) with one subsidiary plus associate (including adjustments for fair values, unrealised profit, intragroup trading, goods/cash in transit, other syllabus area). Discursive part (b) on reasons for adjusting for unrealised profit or other group topic.

Generally: Consolidated Statements of Financial Position and Statement of Comprehensive Income with a subsidiary and an associate

• Q2 (25 marks): Accounts restatement/preparation with adjustments e.g. depreciation, current/deferred tax, inventory (stock) valuation, leases, substance over form issues, financial instruments (FV change or amortised cost), revaluations, share issues or government grants. May include EPS calculation or movement in share capital and reserves.

Generally: Preparation of Statement of Income and Statement of Financial Position from a draft set of financial statements of draft trial balance

• Q3 (25 marks): Interpretation and/or statement of cash flows, perhaps with written part on not-for-profit entities. Interpretation may focus on limited ratios and their interpretation (e.g. ROCE and its components). Sections of a statement of cash flows (rather than whole statement) may be tested

Generally: Statement of Cash Flows — maybe with an interpretation element

• Q4 & Q5 (15 & 10 marks): One question in context of conceptual framework; other containing one or two discrete topics. Possibilities: regulatory framework, inflation, earnings per share, government grants, impairment, substance over form issues, leases or intangible assets

Generally Question 4: Earnings per share calculation
Generally Question 5: Chat about the Framework

Please contact Sergey Moderov, ACCA for more details +7 921 9450055 smoderov@ipp.spb.ru