企业合并财务报表会计处理及权益调整分析.pdfVIP

a)DraftanexnatorynotetothedirectorsofKostasCo,addressingthefollowingissuesrelevant

totheconsolidatedfinancialstatements:

i)Howthedefinedbenefitschemeshouldbeaccountedforandhowthechangeinthedefined

benefitschemeshouldbetreatedinthefinancialstatementsofKostas.(6marks)

ii)Acalculationandexnationoftheadjustmentinequityarisingfromthedisposalofthe10%

equityintereston30April20X8.(12marks)

Note:Anyworkingscaneitherbeshowninthemainbodyoftheexnatorynoteorinan

appendixtotheexnatorynote.

iii)Howthebondshouldbeclassifiedandtheaccountingtreatmentofthepotentialimpairment.

(6marks)Youshouldignoretaxeffects.

b)Exinhowtheinitial25%stakeinWestonCowouldbeaccountedforinboththefinancial

statementsofKostasCoandalsotheconsolidatedfinancialstatements,anddiscusshowan

additional50%stakewouldbeaccountedforintheconsolidatedfinancialstatements.(6marks)

(30marks)

Answer

(a)(i)Accountingforpensionschemes

Adefinedbenefitschemefixestheamountofbenefittobepaidtopensioners;

usually,asapercentageofemployeesfinalsalaries.Thismeansthatthe

contributionsthroughoutemployeesworkinglivesarevariableandtherefore,

theaccountingisnotstraightforward.

•Theentity’sstatementoffinancialpositionwillincludeanetdefinedbenefit

deficit(orunusuallyasurplus).Thisisthedifferenceweenthefairvalueof

theassetsinthepensionnandthepresentvalueoftheobliiontopay

futurepensions.Thisisadvisedbyanactuaryandchangesfromyeartoyear;the

changeisrecognisedinprofitorlossandothercomprehensivee(OCI).

•Thenetinterest(ontheopeningdeficitorsurplus)isrecognisedinprofitorloss.

Thisrepresentsthereturnoninvestmentsandtheunwin