Initial recognition and cost of acquisition
Acquisition of a machining centre
≈ 60 minWorkpapers
Can you document your analysis and your accounting treatment like a professional? Each mission starts from a real file and ends with a review.
How a mission works
Numbered sections, like a professional working paper: objective, data, pieces, analysis, calculations, entries, conclusion; then a reviewer reviews.
- 1Objective
- 2Data
- 3Documents
- 4Analysis
- 5Calculation
- 6Entries
- 7Judgment
- 8Conclusion
- 9References
L1Foundation(3)
Foundation Foundation Capitalised or expensed expenditure
Acquisition of a machining centre
≈ 45 minFoundation Depreciation calculation
Acquisition of a machining centre
≈ 45 min
L2Intermediate(5)
Intermediate Component approach
Initial breakdown of the warehouse
Logistics warehouse: components and replacement · Situation 1 of 3
≈ 45 minIntermediate Component approach
Replacement of the old system
Logistics warehouse: components and replacement · Situation 2 of 3
≈ 45 minIntermediate Component approach
New safety inspection
Logistics warehouse: components and replacement · Situation 3 of 3
≈ 45 minIntermediate Depreciation calculation
Annual charge 20X1 to 20X5
Logistics warehouse: components and replacement · Situation 1 of 2
≈ 45 minIntermediate Depreciation calculation
20X6 charge after the replacements
Logistics warehouse: components and replacement · Situation 2 of 2
≈ 45 min
L3Advanced(9)
Advanced Useful life and residual value
Printing press: revision of estimates
≈ 40 minAdvanced Depreciation calculation
Printing press: revision of estimates
≈ 45 minAdvanced Revaluation
Hotel A — 31 December 20X3
Hotels: the revaluation model over three years · Situation 1 of 7
≈ 60 minAdvanced Revaluation
Hotel B — 31 December 20X3
Hotels: the revaluation model over three years · Situation 2 of 7
≈ 60 minAdvanced Revaluation
Hotel C — 31 December 20X3
Hotels: the revaluation model over three years · Situation 3 of 7
≈ 60 minAdvanced Revaluation
Hotel A — annual transfer from 20X4
Hotels: the revaluation model over three years · Situation 4 of 7
≈ 60 minAdvanced Revaluation
Hotel A — 31 December 20X5
Hotels: the revaluation model over three years · Situation 5 of 7
≈ 60 minAdvanced Revaluation
Hotel B — 31 December 20X5
Hotels: the revaluation model over three years · Situation 6 of 7
≈ 60 minAdvanced Revaluation
Hotel C — 31 December 20X5
Hotels: the revaluation model over three years · Situation 7 of 7
≈ 60 min
L4Expert(13)
Expert Impairment linkage (IAS 36)
Flood, compensation and disposal of a production line
≈ 40 minExpert Derecognition
Flood, compensation and disposal of a production line
≈ 35 minExpert Initial recognition and cost of acquisition
Professional file: construction and commissioning of a production site
≈ 60 minExpert Capitalised or expensed expenditure
Professional file: construction and commissioning of a production site
≈ 45 minExpert Component approach
Professional file: construction and commissioning of a production site
≈ 45 minExpert Depreciation calculation
Structure — 20X1 pro rata
Professional file: construction and commissioning of a production site · Situation 1 of 5
≈ 45 minExpert Depreciation calculation
Roof — 20X1 pro rata
Professional file: construction and commissioning of a production site · Situation 2 of 5
≈ 45 minExpert Depreciation calculation
Kiln body — 20X1 pro rata
Professional file: construction and commissioning of a production site · Situation 3 of 5
≈ 45 minExpert Depreciation calculation
Refractory lining — 20X1 pro rata
Professional file: construction and commissioning of a production site · Situation 4 of 5
≈ 45 minExpert Depreciation calculation
Whole site by component — 20X2
Professional file: construction and commissioning of a production site · Situation 5 of 5
≈ 45 minExpert Disclosure checklist
Professional file: construction and commissioning of a production site
≈ 50 minExpert Useful life and residual value
Professional file: construction and commissioning of a production site
≈ 40 minExpert Impairment linkage (IAS 36)
Professional file: construction and commissioning of a production site
≈ 40 min