-
ACCA
F3
《财务会计》简要知识点归纳
What is the
purpose of a bank reconciliation?
The bank reconciliation is done to
check the accuracy of the entries in the cash book
(and the
accuracy of the bank
statement).
What
are
we
trying
to
achieve
when
we
reconcile
the
receivables
ledger
control
accounts
with the receivables ledger?
The balance on the
receivables ledger control account should be the
same as the total of all
the balances
on the individual accounts in the accounts
receivables ledger. If they are not the same
then there must be an error.
In
consolidations,
under
what
circumstances
will
a
provision
for
unrealised
profit
(PURP)
adjustment be necessary?
When
one
company
in
the
group
has
made
sales
to
the
other
company,
and
the
other
company has some of
those goods in inventory at the end of the year.
How is the goodwill arising
on consolidation calculated?
It is the difference between the fair
value of the subsidiary and the fair value of the
net assets
of the subsidiary.
What
is
the
difference
between
the
Direct
and
Indirect
methods
of
arriving
at
the
?
cash
generated from
operations
‘
on a
Statement of Cash Flows?
The
direct
method
shows
the
actual
amount
of
cash
received
and
cash
paid
in
respect
of
operations.
The
indirect
method
starts
with
the
profit
before
tax
and
adjusts
it
to
result
in
the
cash
generated.
What items appear on a Statement of
Cash Flows under the heading Investing Activities?
Cash spent acquiring non-
current assets
Cash received
from the sale of non-current assets
Income from investments
What are the three main headings that
will appear on Statement of Cash Flows?