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1、财经网络教育领导品牌_________________________________________________________________2011年9月CIMA-F2考试真题1.SDacquired60%ofthe1million$1ordinarysharesofKLon1July2010for$3,250,000whenKL’sretainedearningswere$2,760,000.Thegrouppolicyistomeasurenon-controllinginterestsatfairvalueatthedateofacquisitio
2、n.Thefairvalueofnon-controllinginterestsat1July2010was$1,960,000.Therehasbeennoimpairmentofgoodwillsincethedateofacquisition.SDacquiredafurther20%ofKL’ssharecapitalon1March2011for$1,000,000.TheretainedearningsreportedinthefinancialstatementsofSDandKLasat30June2011are$9,400,000and$3,40
3、0,000respectively.KLsoldgoodsforresaletoSDwithasalesvalueof$750,000duringtheperiodfrom1March2011to30June2011.40%ofthesegoodsremaininSD’sinventoriesattheyear-end.KLappliesamark-upof25%onallgoodssold.Profitsofbothentitiescanbeassumedtoaccrueevenlythroughouttheyear.Required:Calculatethea
4、mountsthatwillappearintheconsolidatedstatementoffinancialpositionoftheSDGroupasat30June2011for:(i)Goodwill;(ii)Consolidatedretainedearnings;and(iii)Non-controllinginterests.2.(a)FinancialinstrumentsVBacquired40,000sharesinanotherentity,JK,inMarch2011for$2.68pershare.Theinvestmentwascl
5、assifiedasavailableforsaleoninitialrecognition.Thesharesweretradingat$2.96pershareon31July2011.Commissionof5%ofthevalueofthetransactionispayableonallpurchasesanddisposalsofshares.Required:(i)Preparethejournalentriestorecordtheinitialrecognitionofthisfinancialassetand高顿网校AllRightsReser
6、ved版权所有复制必究1财经网络教育领导品牌_________________________________________________________________itssubsequentmeasurementat31July2011inaccordancewithIAS39FinancialInstruments:RecognitionandMeasurement.ThedirectorsofVBareconcernedaboutthevalueofVB’sinvestmentinJKandinanattempttohedgeagainsttheri
7、skofafallinitsvalue,areconsideringacquiringaderivativecontract.ThedirectorswishtousehedgeaccountinginaccordancewithIAS39.Required:(ii)Discusshowboththeavailableforsaleinvestmentandanyassociatedderivativecontractwouldbesubsequentlyaccountedfor,assumingthatthecriteriaforhedgeaccountingw
8、ereme
