Скачать или смотреть Vernon co | ACCA FR Revision Kit Solution | Section C | past exam questions | Lecture 33

In this lecture, we are solving section c constructed responses question Vernon co from the Kaplan Revision Kit.(Q. 424 Kaplan)

What you’ll learn:

How to draft the SPL quickly and accurately from the trial balance.

Recognition of contract revenue and matching cost (progress-based revenue recognition).

Correct provision accounting and unwinding (present value).

Adjustments for current tax, changes in deferred tax liability and presentation in SPL.

Accounting for convertible loan notes — separating liability & equity components and computing effective interest.

Borrowing costs: what should be capitalised and how to reverse incorrect capitalisation.

Treatment of fraudulent receivables and restatement of opening retained earnings.

Preparation of Statement of Changes in Equity and calculation of Basic EPS (weighted average shares).

Exam tips: drafting format, step-marking and working notes to secure marks.

This lesson is ideal for: ACCA FR students revising Section C, students practicing Kaplan questions, and anyone who wants a clear exam-style method for constructing SPL and oci and eps.
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