(a) Emcee, a public limited company, is a sports o... 2022-01-07 (a) Minco is a major property developer which buys... 2022-01-07 Blackcutt is a local government organisation whose financial statements are prepared using International Financial Reporting Standards. 2022-01-07 Section B – TWO questions ONLY to be attempted 2022-01-07 (a) The existing standard dealing with provisions IAS 37, Provisions, Contingent Liabilities and Contingent Assets, has been in place for many years and is sufficiently well understood and consistently applied in most areas. The IASB feels it is time for a fundamental change in the underlying principles for the recognition and measurement of non-financial liabilities. To this end, the Board has issued an Exposure Draft, ‘Measurement of Liabilities in IAS 37 – Proposed amendments to IAS 37’. 2022-01-07 Scramble, a public limited company, is a developer of online computer games. 2022-01-07 It is argued that there is limited revenue recogni... 2022-01-07 The publication of IFRS 9, Financial Instruments, represents the completion of the first stage of a three-part project to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard. The new standard purports to enhance the ability of investors and other users of financial information to understand the accounting of financial assets and reduces complexity. 2022-01-07 Section B – TWO questions ONLY to be attempted 2022-01-07 Alexandra, a public limited company, designs and manages business solutions and IT infrastructures. 2022-01-07