This document provides errata and clarifications for a 2020 business planning banking question bank. It addresses two specific questions, noting that the adjustment for a holding in question 48 should be changed, and that the wording of an accounting policy choice in question 63 needs to be replaced with specifying that an appropriate treatment must be decided.
This document provides errata and clarifications for a 2020 business planning banking question bank. It addresses two specific questions, noting that the adjustment for a holding in question 48 should be changed, and that the wording of an accounting policy choice in question 63 needs to be replaced with specifying that an appropriate treatment must be decided.
This document provides errata and clarifications for a 2020 business planning banking question bank. It addresses two specific questions, noting that the adjustment for a holding in question 48 should be changed, and that the wording of an accounting policy choice in question 63 needs to be replaced with specifying that an appropriate treatment must be decided.
Question 48 Robinson Answer 48.2 Tutorial note: Candidates would get credit for changing the adjustment for the holding in Steel Bank. However, candidates are reminded that follow through marks are awarded.
Question 63 Skog Bank
Answer 63.1 Replace the sentence: 'There is an accounting policy choice for Skog regarding the treatment of the mortgage extension.' with 'Skog must decide the appropriate accounting treatment for the mortgage extension.'