Exam (elaborations)
CAS3701 CASE STUDY 4 ASSESSMENT 17
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CAS3701 Case study 4 - assessment 17 2023 Solution. due date 29 September 2023. 100% guaranteed pass mark.
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This is an individual assessment!Case 4:
The purpose of the case study below is to assess your ability to solve problems and to think critically
while considering the integration of topics.
Due date: 29 September 2023
Goodwill calculation
Identification and explanation of the error:
Share Capital is incorrect, as new trainee incorrectly used the 100 000 ordinary shares instead of the
R200 000 (Total share capital of Solar Ltd). Non-controlling interests correctly calculated at 80% of
Solar Ltd's share capital.
Revaluation of land at acquisition: revaluation was incorrectly calculated.
The trainee incorrectly used the 28% instead of 22.40% (80% * 28%) to calculate the Deferred Tax on
remeasurement of land.
The trainee included the 80% non-controlling interest of the difference of fair value and carrying amount
in the total (100%), which is incorrect. 80% NCI were used twice by the trainee.
The correct revaluation surplus is R77 600 (R500 000 – R400 000) X 77.6%)
, Assessment Rubric
Rubric Criteria 0 points (Not 1 point (Fair) 2 points – Good 3 points – Excellent SCORE Feedback
demonstrated)
Goodwill calculation
Identification of Fails to identify or Identifies some of the Identifies majority of the Clearly identifies and
the error articulate the issue(s) issue(s) or problem(s) specific issue(s) or articulates all of the
or problem(s) in the in the financial problem(s) in the specific issue(s) or
financial calculation. calculation. financial calculation. problem(s) in the
financial calculation.
.
Explanation of the For each valid issue For each valid issue For each valid issue For each valid issue
error identified – identified – identified – identified –
Fails to provide an Provides a basic Provides a clear and Provides a clear,
explanation of the explanation of why the coherent explanation of well-structured, and
issue. identified element is why the identified comprehensive
considered an issue. element is considered understanding of
OR an issue. why the identified
element is
Lacks clarity in the considered an issue.
explanation of why the
identified element is
considered an issue.
Recommendations For each valid issue For each valid issue For each valid issue For each valid issue
to correct error identified – identified – identified – identified –
Provides little to no Provides limited Provides useful insights Provides valuable
insights or insights (generic) and and recommendations insights and
recommendations for recommendations for for improvement. constructive
improvement. improvement. recommendations
for improvement.
Reasonability of goodwill
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