ANSWER TO QUESTION 1 (JUNE 2011 EXAM) UPDATED

Since the June 2011 exam was over, there were a lot of discussions among candidates about how they have performed in the exam. Here, we provide a suggested answer to Question 1 of the exam, the core question featuring group accounting that involves two subsidiaries, one of which is a foreign entity. Due to the discursive nature of part (c) of the question, we have decided to skip answering it.

Please note that the answer provided below represents the best effort and expertise of our writers at Study Corporate Reporting. The answer below does not in any way represent ACCA's official answer script and cannot be taken as an official means to judge the performance of candidates who attempted the exam. The question paper can be accessed on the 'Exam Papers' tab at the top of this site.

Question 1 Answer by SCR
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