FSLC - Level 4
Please can someone explain to me how to get answers in the following two questions.
Thanks
Sophie
Comments
-
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
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership