A few fnst questions

Dipak Thanki

Hi,

I have my exam on the 26th and there's a few bits and pieces that I am not sure of.

When there's a fair value adjustment and you've used it to work out the goodwill, nci and retained earnings, do then have to add the figure onto PPE? (I think that's what they did in one of the practice assessments)

I am doing okay with the IAS's and can remember a lot of them and the key points.

When working out unrealised profit, if no cost of sales figure is given, do you adjust the inventories figure instead?

I am not sure of what to expect on task 2.3, does this question only consist of IAS1 and conceptual framework? I am okay with the stakeholder questions because I learnt them at school and it is something drilled into my brain that won't ever go away!

Thanks!

SandyHood

Of course you do. It is part of the group PPE valuation.