INDEX TO QUESTIONS AND ANSWERS KAPLAN PUBLISHING P.7 Page number Question Answer Past exam SECTION A – OBJECTIVE TEST QUESTIONS Conceptual framework/IFRS Standards 1 2012 Consolidated financial statements 42 234 Interpretation of financial statements 55 243 Statement of cash flows 61 247 telecomunication revenue; 1 answer. IFRS is Easy brings to you free ICAN and ACCA Pdf examination questions and solutions. The questions are based on the information in the Conceptual Framework for Financial Reporting. 41 . 19. ACCA Financial Reporting (FR) Chapter 15 Income taxes (IAS 12) Questions - Free ACCA Financial Reporting (FR) Practice Tests Following receipt and review of comments on a Discussion Paper, what will be the next step undertaken by the IASB? You may repeat the quiz as many times as you like, with a new set of questions each time. (i) is the only correct elimination required by IFRS. 20. Repurchase Agreements. Licences. 41 . ACCA Past Questions and Answers: Past exams are made available so that you can view and become familiar with the styles of question that you may face in an exam. EXAMPLE: REPURCHASE AGREEMENT 43 . ACCA Past Questions and Answers PDF Free Download Study Pack. You will be asked to answer eight randomly selected questions from a pool of more than 50. 17 A The property would be depreciated by $25,000 (800,000/16 x 6/12) for six months giving a carrying amount of $775,000 Cost of sales per question 290,600 Remove agency costs (15,000) ... and their ‘cost’ from cost of sales (credit $15 million). answered Dec 14, 2018 in IFRS 15 - Revenue from Contracts with Customers by anonymous. 43 . 15 B 16 D (iv) deferred tax relating to the revaluation of an asset must be provided for even if there is no intention to sell the asset in accordance with IAS 12. The maxim “Practice Makes Perfect” cannot be overemphasized. Do well to … How does IFRS 15 affect tecomunication revenue recorgnition. Answers. 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