Master financial statement adjustments

MCQs & SIMULATOR

MCQs and MFSA Simulators to help you perfect your scores
for ‘Additional Information’ in Paper 2 Question 1.

PART 1: INCOME, EXPENSE & INTEREST

Theory, calculations and journal entries for prepayment and accrual adjustments for financial statements.

PART 2: IMPAIRMENT LOSS ON INV AND TR

Theory, calculations and journal entries for impairment loss on inventory and trade receivable adjustments

PART 3: OTHER ADJUSTMENTS

Theory, calculations and journal entries for depreciation, borrowings, equity, COE and other adjustments

FINANCIAL STATEMENT ADJUSTMENT SIMULATOR

Heavy weight simulator for all commonly tested adjustments in the financial statements