ACA Corporate Reporting case studies
ACA Corporate Reporting · Put your knowledge to work in context.
ACA Corporate Reporting is the Corporate Reporting module of the ICAEW ACA qualification at Advanced Level, as listed in the ICAEW site path for the ACA qualification's advanced level. It sits within the ACA, the ICAEW Chartered Accountant qualification, which ICAEW describes as "one of the most advanced learning and professional d" - a truncated description on the retrieved homepage. The ACA Corporate Reporting case studies are 5 cases and about 4,821 words.
1Sable Analytics: allocating a bundled software contract (IFRS 15)
Sable Analytics Ltd sells a data-analytics platform to a large insurer. The contract, signed on 1 November 20X4, has a total transaction price of £4,500,000.
861 words, about 4 min2Harlow Industrial Group: impairment of a cash-generating unit with allocated goodwill (IAS 36)
Harlow Industrial Group tests its coatings division for impairment at 31 December 20X4. The division is the smallest identifiable group of assets generating largely independent cash inflows and is therefore a cash-generating unit.
1,066 words, about 5 min3Brackenwell Retail: sale and leaseback and the related deferred tax (IFRS 16 / IAS 12)
On 1 January 20X5 Brackenwell Retail plc sold a freehold distribution centre to an institutional investor for £30.0m, its fair value, and immediately leased it back for ten years. Annual rentals of £3.0m are payable in arrears and the arrangement is a single lease component.
849 words, about 4 min4Torrance Group: goodwill, intangibles and contingent consideration on an 80% acquisition (IFRS 3)
On 1 July 20X4 Torrance Group plc acquired 80% of Kestrel Ltd. It paid £60m in cash and agreed to pay a further amount in June 20X6 if Kestrel's average EBITDA for the two years to 31 December 20X5 exceeds £12m; the fair value of that obligation at acquisition was £8m, and Torrance has classified it as a financial liability.
1,046 words, about 5 min5Pennine Chemicals: restructuring, subsequent events and covenant classification
Pennine Chemicals Ltd prepares accounts to 31 December 20X4 and the board approved them on 20 March 20X5. Several matters are unresolved.
999 words, about 5 min