Fac3703 exam pack - Study guides, Class notes & Summaries
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Exam (elaborations) FAC3703 - Specific Financial Reporting (FAC3703)
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Exam (elaborations) FAC3703 - Specific Financial Reporting (FAC3703) EXAM PACK MAYJUNE 2022
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FAC3703 EXAM PACK 2023
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QUESTIONS WITH ANSWERS
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FAC3703 EXAM PACK 2023
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FAC3703 EXAM PACK 2023
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FAC3703 EXAM PACK 2023
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the document has the latest questions and answers
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FAC3703 EXAM PACK 2023
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FAC3703 EXAM PACK 2023
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FAC3703 EXAM PACK 2023
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Latest exam pack questions and answers, perfect for exam preparation
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FAC3703 EXAM PACK 2023
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QUESTIONS AND ANSWERS
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FAC3703 exam Pack 2023 LATEST QUESTIONS AND ANSWERS
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a) Calculate employee benefits W1. Salary: (275 000 x 9 months [Apr – Dec]) 2 475 000 (275 000 x 3 months [Jan – Mar] x 100/110) 750 000 Bonus paid: 275 000 Bonus obligation OB: (275 000 x 1/12) (22 917) Bonus obligation CB: (275 000 x 1,1 x 1/12) 25 208 Leave obligation OB: (52 145) Leave obligation CB: (24 – 6 – 8) = 10 days x 60% = 6 days 62 857 .’. 6 days x 275 000 x 12x 80% 252 days Shortterm employee benefits 3 513 003 W2. (2 475 000 + 750 000) (W1) x 7,5% = 241 875 ...
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FAC3703 EXAM PACK 2022
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Latest exam pack questions and answers and summarized notes for exam preparation. Whatsapp 067 171 1739 for assistance. All the best on your exams!!
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FAC3703 EXAM PACK
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c) i) Discussion re recognition of government grant A government grant is initially recognised when the amount is received or receivable – which was received on 1 April 2016, and when it is reasonably assured that the conditions attached will be met, i.e., that the entity will not retrench any staff under 35 years of age. The subsequent recognition of a government grant depends on the type of grant and the accounting policy of the entity. This government grant is an income-based grant as...
