• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Chapter 11, Pg 8 , First Para

J

Jishnu Bhatia

Member
Hi folks,

Could someone please explain why the value of shareholder transfers in respect of future bonus declarations is shown in own funds?
 
Hi folks,

Could someone please explain why the value of shareholder transfers in respect of future bonus declarations is shown in own funds?
Hi

This is because the future shareholder transfers, as the name suggests, ultimately belongs to the shareholder but cannot be distributed yet as bonuses have yet to be declared. Therefore the capital is still tied up in the company and as such are within own funds.

Hope this helps
Thanks
Em
 
Back
Top