2015年ACCA考试《财务成本管理》辅导9

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2015年ACCA考试《财务成本管理》辅导9

发表时间：2015/4/20 8:53:13 来源：互联网点击关注微信：

?The Accounting Rate of Return

The information provided by AICO plc is based on hypothetical cash flows. This information is insufficient for establishing the ARR of the two models; therefore it will be necessary to calculate the annual depreciation figures for the two machines. To arrive at the annual accounting profits will necessitate a deduction from each year?s net cash inflows ? the annual depreciation figure.

Super model

Depreciation per annum = Cost less scrap value

Life of machine

= ￡500,000 less 20,000

= ￡80,000 per annum

Deluxe model

Depreciation per annum = ￡800,000 less 80,000

= ￡120,000 per annum

Now that we have calculated the annual depreciation for each machine, let us establish the annual accounting profit or loss for each machine.无标题文档

Super model Year	Cash inflow	less	Depreciation	=Accounting Profit/(Loss)
1	250,000	?	80,000	= 170,000
2	100,000	?	80,000	= 20,000
3	100,000	?	80,000	= 20,000
4	50,000	?	80,000	= (30,000)
5	150,000	?	80,000	= 70,000
6	100,000	?	80,000	= 20,000
Total accounting profit				270,000
Therefore the average accounting profit			= ￡270,000
			_______
			6
			= ￡45,000
Average Capital Employed			= ￡500,000 + 20,000
			2
			= ￡260,000
ARR			= 45,000 x 100
			260,000
			= 17·30%
Deluxe Model
Year	Cash inflow	less	Depreciation	= Accounting Profit/(Loss)
1	150,000	?	120,000	= 30,000
2	200,000	?	120,000	= 80,000
3	250,000	?	120,000	= 130,000
4	100,000	?	120,000	= (20,000)
5	100,000	?	120,000	= (20,000)
6	250,000	?	120,000	= 130,000
Total accounting profits				330,000
Average accounting profit			= ￡330,000
			6
			= ￡55,000
Average capital employed			= ￡800,000 + 80,000
			2
			= ￡440,000
Therefore ARR			= ￡55,000 x 100
			￡440,000
			= 12·50%

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2015年ACCA考试《财务成本管理》辅导8

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