Content: Single company Financial Statement – Adjustment to retained earning , Preparation of SOFP

Description: “The first part of the question requires adjustments to retained earnings, and the second part of the question requires the preparation of the statement of financial position. The adjustments included in the question are IFRS 9 (loan note), IAS 16 & IAS 36 (non-current assets: depreciation & impairment loss), IAS 37 (environmental provision), and IAS 12 (deferred tax).”