100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FAC3762 EXAM PACK 2020 SOLUTION $5.66   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. FAC3762 International Group And Financial Accounting

Exam (elaborations)

FAC3762 EXAM PACK 2020 SOLUTION
 32 views  3 purchases
  • Course
  • FAC3762 International Group And Financial Accounting
  • Institution
  • University Of South Africa (Unisa)
  • Book
  • Financial Accounting with International Financial Reporting Standards

Exam study book Financial Accounting with International Financial Reporting Standards of Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso - ISBN: 9781119504306 (Detailed memo.)

Preview 2 out of 10  pages

Document information

  • October 31, 2021
  • 10
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • fac3762 exam pack 2020 solutio n

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • FAC2601 Assignment 4 Semester 2 2024
  • FAC2601 Assessment 3 Semester 2 2024
  • Accounting Categories (Debit and Credit Balances) - Financial Accounting (FAC)
All for this textbook (33)

Written for

  • University of South Africa (Unisa)
  • FAC3762 International Group And Financial Accounting
All documents for this subject (49)

Seller

avatar-seller
Ian09

Reviews received

Content preview

OCTOBER –
NOVEMBER
2020

, SOLUTION 1: CONSOLIDATION OF A GROUP OF
ENTITIES & RELATED PARTIES
(a) To: Financial Director (Gen Z Ltd)
From: M.R.J.K
Date: 26 September 2016
Subject: Related Parties of Gen Z Ltd

The above subject matter refers.

The following will be regarded as the related parties of Gen Z Ltd:

i. Hadeda Ltd is a related party of Gen Z Ltd because Hadeda Ltd is a
subsidiary of Gen Z Ltd;
ii. Spartan Ltd is a related party of Gen Z Ltd because Spartan Ltd is a joint
venture of Gen Z Ltd;
iii. Robin Ltd is a related party of Gen Z Ltd because Robin Ltd is a sub –
subsidiary of Gen Z Ltd;
iv. David Warne is a related party of Gen Z Ltd as he is the Chief Executive
Officer of Gen Z Ltd, a key member of management personnel of Gen Z Ltd;
v. Zetari Trust is a related party of Gen Z Ltd as it is a post – employment
benefit plan of Gen Z Ltd; and
vi. Shane du Plessis is a related party of Gen Z Ltd as, he is the father of David
Warne, a key member of the management personnel of Gen Z Ltd.


(b) Extract of the Consolidated Statement of Profit or Loss & Other
Comprehensive Income of the Gen Z Ltd Group for the year ended 31 May
2020

R
Profit for the year [1 301 631 + 518 573 + 180 695 − 2 958 − 118 125 −
995 + 27 582] 1 906 403
Other comprehensive income 7 113
Fair value adjustment on land 6 500
Share of fair value adjustment of land in associate 613

Total comprehensive income 1 913 516

Profit for the year attributable to:
Owners of the parent (1 906 403 − 1 822 799) 1 822 799
NCI (28 911 + 51 857 + 2 836) 83 604
1 906 403

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Ian09. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.66. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.66  3x  sold
  • (0)
  Add to cart