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Theories solving

presentation of bio asset Invty


AP
Q#1
unconditional grant related to bio asset= NI
AR
measuremetn of BA/agri produce inventory

receipts not a function of AP dept RM end


WIP end
Q#2
PAS 41 FG available for sale
COGS
procedure properly accounted for purchases
price
test of materials WIP physical
Q#3
end balance of bio asset
excluded in inventory

valuation of invty FV of bio asset


Q#3
not audit of BA
FG available for sale

end balance of bio asset

FV of bio asset
Theories

determining the FV of intangible asset; except for

residual value of intangible asset is zero unless

important points in measuring investment property at cost mode

transfers to investment property are accounted as CV except for

Big Bath

inspection
observation common subtantive procedure for long lived assets
addition

existence
assertions related to PPE
R/O

donated assets Items difficlt during audit


trade in value in exchanges
cost of self constructed
solving

asset; except for Reclassification


tititigan yung problem
Q#1
t is zero unless 0

nvestment property at cost model

y are accounted as CV except for cost model investment property


Q#2

DDB
or long lived assets PPE dep SYD
SL
Q#3

amortize
intangible asset expenses
Q#4
CV
FV
Cost of IP
v
Pinnacle Oct 2021
s
Invty PPE
Bio Asset IA
IP
NCAHFS
We
We hh
appr
appr
credi
cred
John
John
John
John
prototype making
commercial feasibilty
R/D expense

Research Equipment
not used in operations operations
R/D expense PPE
FV at measurement date
John

10 units of iphone 14 50k 500k


APPROVED

We
We have
have
approved
approved
credit
credit for
for
John
John for
for 500k
500k
John
John for
for 500k
500k
APPROVED
Dec 31 2014 Dec 31 2018\
start of lease LHI

6
8

440,000
Cumulative NI

Ave
Exp Income
Excess
l feasibilty mass production4
product cost
intangible assset
period cost

operations
2,016 2,018

5,400,000 3,600,000 180,000


6 years

2,013
6,000,000
15 years
2,015 2,018

7,140,000 5,712,000
15 years 4,896,000

Jan 1 2016 Jan 1 2019


900,000 720,000
15 yearas 10 years

Jan 11 2016

900,000
10 years
prepayment 4,000,000

0.5921
annutiy 2,000,000 2.9137
500k
500k

inflow
outflow
inventory levels

We have We have approved credit for John for 500k

approved the
release of 10
approved the
release of 10
iphone 14 for
packaging
10 iPho
Apple
Five Hun
Only
Dec 31 2024
end of lease
2,018 2,019
start LHI

25
20

7,980,000
FVNA 6,800,000
Cost 7,500,000
14,400,000

18,000,000

3,600,000 1,080,000
2,000,000
1,600,000 8,000,000

6,400,000

1
4
2,018
4,000,000 800,000
2,025
Jan 1 2020

540,000
5,827,425

9,827,425
he
0
he
0
or

App
John
0 iPhone 14 50k
ple
e Hundered Thousand P
ly
2,039
end
Apple

John
500k
P500,000
sand Pesos
SALES
CREDIT
INVTY CTRL
SHIPPING
BILlNG

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