Question Bun September-December 2019 - Past Exam question debriefs - ACCA Financial Reporting (FR)

[@tj6544]

Very good. Always impressed with Open tuition lectures and solutions. Unfortunately I'm stuck with my tuition provider for 12 month .

[@AhmedHassan-jb1sh]

I have a comment on the Asset Turn over ratio calculated; the formula of Asset turnover was Revenue / Capital employed, now you have used another formula which seems to be incorrect. please check and clarify if Net Asset Turnover is different from Asset turnover. Thanks

[@MikeHampton.]

Very helpful, thanks Chris

[@radoslavapostolov1155]

Please check the Asset turnover ratio working, i thought the formula for the capital employed should be Equity+Non-current liabilities or Total Assets less Current liabilities and here you do Total Assets less Non-current liabilities. Please explain me why?

[@julialam4878]

Hi , you are correct. According to the answer, your equation is the valid one

[@chrisbarlow3598]

The figure calculated for capital employed should have been used to make it slightly more accurate. It isn't anything to get too concerned about and wouldn't cause any issues in the exam.

[@krishnakumararun7625]

Excellent

[@divakarneupane3632]

Financial position given is not tally so there is current liability which means the net assets you have calculated is incorrect...

[@chrisbarlow3598]

Yes it is but it isn't anything major. The capital employed figure should have been used to make it a slightly more accurate calculation.

[@jojotoo21]

Can we do this question in Excel format ?

[@shakawathossainashik9333]

Sir please share the link where I can watch more question solve lectures for FR

[@opentuition]

Go to OpenTuition website