Page 7 - Financial Accounting 2.1 ITC Preparation June 2018
P. 7

ITC EXAM PREP – JUNE 2018




                                                  Reading Time







            • Identify the parties involved and the group


                    structure;


            • Identify the year-end and applicable acquisitions,


                    disposals and transactions dates (current year or



                    prior years);


            • Familiarise yourself with all the information given;


            • Identify possible connections;


            • If time left, start with goodwill calculation, find



            • appropriate theory for discussion questions,


            • identify intragroup transactions etc.






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