ca23-financial-reporting-and-analysis-pilot-paper
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DATE 06 Dec 2025
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notes
About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2021 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "ca23-financial-reporting-and-analysis-pilot-paper" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
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Learning Objectives
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- Apply learned concepts to real-world scenarios
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Detailed Summary
CPA INTERMEDIATE LEVEL PIOT PAPER FINANCIAL REPORTING AND ANALYSIS December 2021. Marks allocated to each question are shown at the end of the question. QUESTION ONE Vista Limited has prepared the following trial balance as at 30 September 2021: Debit Credit Sh. “000” Land at valuation 140,000 Buildings at cost 300,000 Furniture and equipment at cost 131,250 Motor vehicles 120,000 22,000 Investment property 24,600 Rental income received 2,400 Sales Cost of sales i. c Motor vehicles op 87,050 w. ch Furniture and equipment w 48,200 w Buildings o. ke Accumulated depreciation at 30 September 2020: 473,250 179,550 Loan stock interest paid 5,000 Trade receivables 42,600 Distribution costs 15,700 Administrative expenses 30,750 Other operating expenses 45,000 Dividends paid 80,000 Installment tax paid 22,500 Bank and cash 7,950 Inventories as at 30 September 2021 41,100 Trade payables 19,800 Ordinary shares of Sh. 50 each, fully paid 200,000 Share premium 119,400 Land Revaluation Reserve 21,000 Retained earnings as at 30 September 2020 130,100 10% Loan stock (Maturity date of 2025) 50,000 Deferred tax liability 12,800 1,186,000 1,186,000 CA23 Page 1 Out of 7 The following additional information is relevant: 1. Land is to be valued upwards by Sh.
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CPA INTERMEDIATE LEVEL PIOT PAPER FINANCIAL REPORTING AND ANALYSIS December 2021. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. Show ALL your workings. QUESTION ONE Vista Limited has prepared the following trial balance as at 30 September 2021: Debit Credit Sh.“000’ Sh.“000” Land at valuation 140,000 Buildings at cost 300,000 Furniture and equipment at cost 131,250 Motor vehicles 120,000 22,000 Investment property 24,600 Renta...
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