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Summary

IFRS...

Description

Winter 2015 - Topic

Marks

Winter 2014 - Topic

Marks

Winter 2013- Topic

Marks

Winter 2012- Topic

Winter 2011- Topic

Consolidation Foreign subsidiary

25

Step Acquistion & def. consideration

Intangible note

16

Revenue & Intangible assets

20

Equity method

4

Disposal

18

Finance lease restructuring

16 16

5

Consolidated cash flows

Marks

23

8

Impairment of goodwill

Marks

Consolidation Foreign subsidiary

23

Deferred tax note

15

Construction Contracts

15

Unrealized profits & Dividend

6

Equity method & impairment loss

6

Trade vs. settlement date

Report on financial position

15

Financial instruments

16

Loyality Programme

8

Fair value hedge

5

Change in accounting policy

22

Biological assets NCA held for sale

6 6

Cash flow statement Cash Flow Analysis

8 7

Future economic benefits Separate FS

6 4

Compound financial instrument Development expenditure

8 6

Share valuation methods Non-performing advances

13 10

Total

100

Financial instruments hedging Bank accounts note on cash and bank Total

9 10 100

Gratuity fund Total

9 100

AFR Past Papers Analysis © GCA Consuluntants - www.gcaofficial.org

Defined benefit plan

18

Transfer from owner-owned property Sale plan of a subsidiary

Reclassification

6 12

Share based compensation Settlement provisions

4 5

Cash flow hedge Ratio Analysis

16 14

Report on financial position Bank Borrowing note

15 10

10

Total

100

Banks (Cash and balances) Total

June 2015 -Topic

Marks

June 2014 -Topic

Marks

6

100 June 2013 -Topic

Marks

June 2012- Topic

Marks

June 2011- Topic

Marks

Consolidated cash flows Operating segments

22 15

Mixed Group Exchange gain on net investment

20 8

Acquistion Unrealized profits

12 4

Acquistion Disposal

16 4

Step Acquisition Un realized profit

12 4

Employee benefits Leases

14 4

Finance lease Revenue

10 6

Impairment loss Fine & cost of disposal

4 13

Unrealized gain Financial liability & impairment

4 18

Compound fin.instrument Income from associate

5 5

Financial instruments

5

Investment property Share based payments

4 11

Earning per share Insurance Profit & Loss Total

15 10 100

Income Taxes PPE & Intangible assets EPS / IAS 19, 32, 40 & IFRS 2 Non-performing loans Total

16 15 15 10 100

14

Reportable segment

12

Impairment loss

Exchange gain on net investment Deferred tax liability/asset

Impairment loss and reversal

16 12

Transfer of property scenarios Discontinued opertaion & EPS

19 17

Deferred tax Restoration cost liability

10 17

Earning per share

15 10

Defined contribution plan

Statement of investment income

Total

14 16

Total

100

Statement of expense

10 100

EPS

5

Movement in unitholdrs' fund

12

Total

100

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Advanced Accounting and Financial Reporting

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Advanced Accounting and Financial Reporting

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4 )- ( (J( K JL K(  )(   $ (  (     )-  (  )   -*? ( L!(  (?(   '&    )   )) !   ) )    M? ( * -! 

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 (   -        ?-* (-  ) -( H$I%

 (01+

Advanced Accounting and Financial Reporting

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&'  &'  B - ")  J  K  !          8 9 #)0 (/*+       &'   -4)- &4'!       * !    -   . *   ! *    ! ((  !  ! - 4  -A 6  *     ! :     (  (   # 1*  # * )  )(-     G     )       '&     8  !  ?    8 9 #) 0*  !    )    , 3 ,   C  4>     -   .  ()!!" (/*+     &'  6.2* B4%  ))-*)?)      ! - ! # 2*  ( !  #!# )  #.-*-        B4           .     (    .* (   #          #   B4  ! !#)          B4!( )G       '&   8  !  ?    8 9 #) 0*  !        B4>   -.2 (/2+   

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0%  " -  A !!  -F01

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0%> -.  '& 0!-   !*

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!? 89#)0 ) /  &' - &' . &'  (/7+

Advanced Accounting and Financial Reporting

Page 5 of 5

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Final Examinations Module E 4 June 2015 3 hours – 100 marks Additional reading time – 15 minutes

The Institute of Chartered Accountants of Pakistan

Advanced Accounting and Financial Reporting Q.1

Consolidated financial statements of Malik Group of Companies (MGC) for the year ended 31 December 2014 are presented below: Consolidated statement of financial position as on 31 December 2014 Equity Ordinary shares (Rs.10 each) Retained earnings Other reserves * Non-controlling interest Non-current liabilities Loans from banks Deferred tax Current liabilities Trade and other payables Income tax Accrued interest

2014 2013 Rs. in million 15,000 15,000 17,550 10,850 7,500 5,250 40,050 31,100 3,100 3,200

5,000 1,500

3,000 1,050

8,000 3,875 125 61,650

7,250 3,525 75 49,200

Non-current assets Goodwill Property, plant and equipment Investment in associate

Current assets Inventories Trade and other receivables Cash and bank

2014 2013 Rs. in million 19,300 18,500 25,450 16,250 6,200 5,400 50,950 40,150

4,700 3,900 2,100

4,350 3,300 1,400

61,650

49,200

* inclu...