Answers to the 2015 Revision Set

Answer to revision exercises (2 questions)

Here are the answers to the 2 question revision exercise:

Answers to Correction of error

Here are the answers to the unit's exercises:

Answers to POA exercise incomplete records

Please note the test next week will be on incomplete records capital comparison method. Looking at after school Wed, 25 Mar 2:20pm.
The test the following week will be on incomplete records account analysis method. Looking at Thurs, 2 Apr 2:20pm

The following are the answers to the Unit 17 exercise:

Answers to Impairment Loss exercises

Hi,

Here are the answers to the Impairment Loss unit:

Project in Analysis

Go to the website http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/annual_financial and choose one of the business and do an analysis of the years 2012 and 2013 of the business based on the rations you have learnt. Marks will be given based on the thoroughnesss of analysis and the completeness of the ratios calculated (no need to do return on equity, but inventory turnover only do for 2013).

Make sure you print out the income statement and balance sheet of the company you are working on when your submit your assignment.

Control account solution and error

There is some mistake with 15.3 so the new question is uploaded here with the answers:

test on 5 feb

Test on 5 feb during lesson time. Topic control account.

Test on Thurs 22 Jan at 3pm

Please note that the revision test will be on next thurs (22 Jan) at 3 pm in the AVA. Please make sure that you study for this as it will impact your other topic learning in this year.

The topics covered is Double entry, Source document and income statement+balance sheet (including accrual prepayment, depreciation plus errors adjustment). Example of the questions taken from your year end exam last year are as follow:

The answers are as follow: