1
Q
Order of calculations?
A
Gross profit
PBIT
PBT
PFY
2
Q
What is gross profit?
A
Revenue - cost of sales
3
Q
What is PBIT?
A
Gross profit - distribution - administrative - share of profit of associates
4
Q
What is PBT?
A
PBIT - finance cost + investment income
5
Q
What is PFY?
A
PBT - tax - profit for year from continuing operations - loss for year from discontinued operaiton
6
Q
How are restructuring costs classified?
A
As other expenses in SPL
7
Q
Closing inventory write-off calculation?
A
NRV - wrongly packaged goods
8
Q
What is included in OCI?
A
Gain on revaluation
9
Q
Where is OCI presented?
A
After PFY. RevaluHation gain is added onto PFY
10
Q
Income tax refund?
A
As a current asset
Calculations (FR)
flashcards
Decks in class (41)
# Cards
-
IAS 1626
-
IAS 4020
-
IAS 40 (Transfers)8
-
General Terminology17
-
Disposals (IAS 40)5
-
IAS 16 Accounting Entries7
-
IAS 40 Accounting Entries5
-
IAS 23 Accounting Entries1
-
FVTPL and FVTOCI (Entries)7
-
FSs17
-
Debits and Credits17
-
TB21
-
SPL10
-
SFP7
-
SCE3
-
Consolidated SFP3
-
IAS 219
-
SOCF8
-
SPL and SFP Steps27
-
SCE Steps8
-
Deferred tax liabiltiy for FSs (Taxable temporary difference)4
-
Adjusted retained earnings1
-
Movement on deferred tax1
-
Deferred Tax Revaluation4
-
Deferred Tax Provision2
-
IAS 419
-
IAS 2314
-
IAS 3837
-
IAS 3636
-
IFRS 158
-
IFRS 1638
-
Consolidated SFP Calculations14
-
CSFP (Theory)29
-
CSFP (Practice)53
-
CSPL (Practice)11
-
CSFP Adjustments10
-
CSPL Adjustments3
-
Financial Instruments15
-
Financial Assets32
-
Financial Liabilities11
-
Convertible Debentures11
