Practice~35 min
Exam-format practice
A 15-mark MTQ (statement of financial position) and six Section A questions on the concepts.
Practice
First a 15-mark Section B MTQ: Qafqaz Çini's statement of financial position from its balances and eight notes. At exam pace it takes about 18 minutes. Then six Section A questions on the concepts and the qualitative characteristics.
Exam. Before typing any figure, go through the notes one by one and write down both sides of each: what changes in profit, and which line of the SOFP. Work out retained earnings last: every adjustment ends up there.
One try per question. The solution and marks come after each answer.