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7 marksSocial, Ethical, and Reporting Considerations

CAPE Accounting Unit 1 · 2018 · Paper 2 · Question 3(a)

Castries Corporation issued its 31 December 2015 financial statements on 10 March 2016, with various events occurring early in 2016 before issuance.

Identify how EACH of the five post-balance sheet events described should be reflected in Castries Corporation's financial statements for the year ended 31 December 2015.

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Other parts of this question

  1. 3(b)(i)Outline the effect of inflation on EACH of the following: - Depreciation - Profit[4 marks]
  2. 3(b)(ii)Describe TWO alternative methodologies to historical cost accounting that can be used during periods of inflation.[6 marks]
  3. 3(c)(i)Calculate the Dividend payout ratio for Castries Corporation for the year 2017.[2 marks]
  4. 3(c)(ii)Calculate the Price earnings ratio for Castries Corporation for the year 2017.[4 marks]
  5. 3(c)(iii)Calculate the Average collection period for Castries Corporation for the year 2017.[3 marks]
  6. 3(c)(iv)Calculate the Average payment period for Castries Corporation for the year 2017.[3 marks]
  7. 3(c)(v)Calculate the Debt-to-equity ratio for Castries Corporation for the year 2017.[3 marks]
  8. 3(c)(vi)Calculate the Interest coverage ratio for Castries Corporation for the year 2017.[3 marks]

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