Page 28 - CIMA MCS Workbook February 2019 - Day 2 Tasks

ADVANCED FINANCIAL REPORTING (F2) ‐ PRACTICE TASKS

Crowncare pays for all employees’ annual professional subscription to retain registration with
their professional regulatory body. In addition, Crowncare must pay a business registration fee
every three years (in advance) to the Varentian Dental Council. How are these costs accounted
for?

Please draft some briefing notes that I can share and discuss with Libby that explain the following:

 First, the accounting treatment relating to brands.
 Second, the accounting requirements relating to the various elements of the cost of
recruitment and selection, cost of staff training and professional subscriptions and
regulatory costs.

Alison

Prepare a response to the Marketing Director’s request. (Time 45 minutes)

KAPLAN PUBLISHING 47