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Sept 2021 CM1B 4(ii)

I

iamminime

Active Member
In Sept 2021 CM1B 4(ii), it asks us to calculate profit margin, why there is no reserve held in the calculation?
If not specify in question, when should we assume there is reserve held and when should we not? Thank you!
 
Hi,
In the 'Q4 Base' data tab for that question it says at the bottom "The company does not hold non-unit reserves".

It's easily missed though - but good for you to think about the possibility.

Good luck next week.
 
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