Professional level - Essentials (P1-P3)
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June-2008 exam - Group cashflow OR Consolidated accounts ??
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asimshah007 - 09 Jun 2008, 09:22 am
give ur prediction which is likely to come..
I say Cash flow sttm.
bluewednesday - 09 Jun 2008, 10:30 am
foreign translation
asimshah007 - 09 Jun 2008, 01:01 pm
foreign translation will be but in section B as CFS is in section A
will see 2 morrow
Emsy1981 - 09 Jun 2008, 03:23 pm
Q1
I reckon either a CCFS, or it will be a foreign translation as a CPL / CBS... (which would mean it would be a more straightforward consolidation, i.e. the emphasis will be on the translation rather than the adjustments....
but who knows until tomorrow!! GOOD LUCK EVERYONE!
mishann - 09 Jun 2008, 03:41 pm
I know what your saying......... which makes me think, given the examiners style, he'e going to throw in some real wobblers ........
eg I've not done much on hyperinflationary economies... I can only write about it at best
asimshah007 - 09 Jun 2008, 03:51 pm
hyperinflation is not big deal
all u have to do is do not translate the current assets.
secondly the fix assets to be translated at factor of = RPI @ balance sheet date / RPI @ acquistion date
& for P/L items to be of RPI @ balance sheet date / RPI @ average date.
thats it after translation then continue usual consolidation process.