CPA Advanced Financial Accounting case studies
CPA Advanced Financial Accounting · Put your knowledge to work in context.
CPA Ireland's Professional 2 Advanced Financial Accounting (commonly shortened to AFA or P2 AFA) is a higher-level paper in the CPA Ireland professional qualification, the Irish route to the CPA designation. It suits trainees who have already cleared the earlier financial accounting levels and who now prepare, audit or analyse IFRS financial statements - typically people in practice, in group finance teams, or in industry roles carrying consolidation or external reporting responsibility. The CPA Advanced Financial Accounting case studies are 5 cases and about 3,360 words.
1Borrowing costs, government grants and inventory measurement at Northbridge Components Ltd
Northbridge Components Ltd, a private manufacturer with a 31 December year end, began constructing a new assembly line on 1 March 2024. It borrowed 8 million specifically for the project at 6% annual interest and had 12 million of general borrowings outstanding all year at 5%.
746 words, about 4 min2Goodwill and non-controlling interest in the Perth Group acquisition of Sydney Ltd
On 1 July 2024, Perth Group acquired 80% of Sydney Ltd for 72 million cash plus contingent consideration with an acquisition-date fair value of 8 million. The consideration is payable in cash in 2026 if Sydney's cumulative EBITDA exceeds 30 million.
677 words, about 3 min3Convertible bonds and share-based payment at Meridian Ltd
On 1 January 2024, Meridian Ltd issued 20 million of 4% convertible bonds at par. Interest is paid annually in arrears and the bonds mature on 31 December 2027.
598 words, about 3 min4Revenue allocation for a bundled equipment, installation and support contract at CloudBridge Ltd
On 1 January 2024, CloudBridge Ltd signed a 1.7 million contract to supply equipment, install it and provide three years of support. The equipment's standalone selling price is 1.1 million, installation is 250,000 and support is 450,000.
671 words, about 3 min5Subsequent events, covenant breach and going concern at Harborline Retail Ltd
Harborline Retail Ltd has a 31 December 2024 year end. Draft financial statements show profit before tax of 8.4 million, current assets of 22 million, current liabilities of 20 million, and total assets of 60 million.
668 words, about 3 min