Results are out! Find what you need...fast. Get quick advice or join the chat
Hey there Sign in to join this conversationNew here? Join for free

OCR Accounting F013

Announcements Posted on
    • Thread Starter
    • 0 followers
    Offline

    ReputationRep:
    Im really stuck on a few things
    using the past papers for revision im completely lost on;

    cash flow statements

    how do you work out the net profit figure before tax ??
    and..
    i cant get the right figure for the purchase of fixed assets

    i add the yearly depreciation onto each net figure and take them away from each other but its not matching up ??


    and another thing im stuck on is the issue of shares, where you have to make journal entries, absolutely lost on them!!!

    help!
    • 0 followers
    Offline

    ReputationRep:
    the net profit before tax
    +retain profit(this years)
    +general reserve (difference)
    +dividends(this years)
    +tax(this years)
    -profit and loss brought forward (obvs last years)

    they do it differently on the mark scheme but my teacher said it doesn't matter.

    purchases of fixed assets
    disposals(at cost)
    + (provision dep at end + fixed assets at end)at cost
    -(provision dep at end + fixed assets at start)at cost
    -revaluation

    don't think i can explain shares on here though find them difficult myself.
    hope this helped

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. By joining you agree to our Ts and Cs, privacy policy and site rules

  2. Slide to join now Processing…

Updated: June 14, 2011
New on TSR

THE world university rankings 2014-2015 revealed

Will they affect your uni choices?

Article updates
Reputation gems:
You get these gems as you gain rep from other members for making good contributions and giving helpful advice.