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| Section | Weight | Objectives |
|---|---|---|
| Group accounts | 25% | |
| Financing capital projects | 15% | |
| Financial reporting standards | 25% | |
| Analysing financial statements | 25% | |
| Integrated reporting and sustainability reporting | 10% |
Question 1
Calculate the value of non controlling interest that will be presented in KL's consolidated statement of financial position at 31 December 20X9?
Give your answer to the nearest whole $'000.
$ ? 000
Question 2

Calculate the exchange difference arising on the retranslation of goodwill on the acquisition in the consolidated statement of financial position of CD at 31 December 20X7.
Give your answer to the nearest $000.
$ ? 000
Question 3
Information from the financial statements of an entity for the year to 31 December 20X5:
The gearing ratio calculated as debt/equity and interest cover are:
A. gearing of 16% and interest cover of 4.
B. gearing of 15% and interest cover of 4.
C. gearing of 15% and interest cover of 6.
D. gearing of 16% and interest cover of 6.
Question 4
How would KL account for its investment in MN in its consolidated financial statements for the year to
31 December 20X9?
A. Joint venture
B. Subsidiary
C. Financial asset
D. Joint arrangement
Question 5
GH granted 100 share options to each of its 1,000 employees on 1 January 20X8. The fair value of each option was $7 on 1 January 20X8 and had risen to $8 at 31 December 20X8.
Which of the following statements represents the treatment that GH adopted to account for the related expense of these share options in its financial statements for the year ended 31 December 20X8, in accordance with IFRS 2 Share-based Payments?
A. The expense was measured using the fair value of $7 and the credit entry was to liabilities.
B. The expense was measured using the fair value of $8 and the credit entry was to liabilities.
C. The expense was measured using the fair value of $7 and the credit entry was to equity.
D. The expense was measured using the fair value of $8 and the credit entry was to equity.
Solutions:
| Question 1 Answer: Only visible for members | Question 2 Answer: Only visible for members | Question 3 Answer: C | Question 4 Answer: A | Question 5 Answer: C |
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