FSLC - Level 4
Please can someone explain to me how to get answers in the following two questions.
Thanks
Sophie
Comments
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I'll summarize each item:
Profit before tax - line item on SPL.
Depreciation - in the notes of the SPL.
Profit on disposal of PPE - line item on SPL.
Finance costs - line item on SPL.
Inventory adjustment - (from SFP) £22,732 - £18,608 = £4,124
Receivables adjustment - (from SFP) £18,251 - £15,162 = £3,089
Payables adjustment - (from SFP) £14,712 - £12,316 = £2,396
Cash generated from operations = the sum of all of the items above.
Tax paid - £4,120 (SFP) + £3,546 (SPL) - £3,270 (SFP) = £4,396
Interest paid - line item on SPL.
Net cash from operating activities = cash generated - tax paid - interest paid.
Proceeds on disposal of PPE - £543 (carrying amount from notes of SPL) + £139 (SPL line item) = £682
Purchases of PPE - calculation stated in the workings.
Bank loans - (from SFP) £40,000 - £18,000 = £22,000
Dividends paid - in the notes of the SPL.
Proceeds of share issue - (from SFP) (£30,000 - £20,000) + (£9,340 - £6,270) = £13,070
AAT
Level 2 - 2011
Level 3 - 2012
Level 4 - 2013
ACCA
F4 - Corporate Law - Dec 2015 (passed)
F5 - Performance Management - Dec 2014 (passed)
F6 - Taxation - Dec 2013 (passed)
F7 - Financial Reporting - Jun 2014 (passed)
F8 - Audit & Assurance - Dec 2015 (passed)
F9 - Financial Management - Jun 2015 (passed)0 -
@Clintm15 thanks so much for your help i really appreciate itClintm15 said:I'll summarize each item:
Profit before tax - line item on SPL.
Depreciation - in the notes of the SPL.
Profit on disposal of PPE - line item on SPL.
Finance costs - line item on SPL.
Inventory adjustment - (from SFP) £22,732 - £18,608 = £4,124
Receivables adjustment - (from SFP) £18,251 - £15,162 = £3,089
Payables adjustment - (from SFP) £14,712 - £12,316 = £2,396
Cash generated from operations = the sum of all of the items above.
Tax paid - £4,120 (SFP) + £3,546 (SPL) - £3,270 (SFP) = £4,396
Interest paid - line item on SPL.
Net cash from operating activities = cash generated - tax paid - interest paid.
Proceeds on disposal of PPE - £543 (carrying amount from notes of SPL) + £139 (SPL line item) = £682
Purchases of PPE - calculation stated in the workings.
Bank loans - (from SFP) £40,000 - £18,000 = £22,000
Dividends paid - in the notes of the SPL.
Proceeds of share issue - (from SFP) (£30,000 - £20,000) + (£9,340 - £6,270) = £13,0700
