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mike is the best.
@aqsa786, There are no comments “above”, yet!
And with which comments do you agree? Sharlene17 and Miss A or with my biting response?
an example is required to be able to understand fully the lecture on gov’t grant. I thought i would have seen an excersise on how to record the gov’t grant.
@Miss A.., For Heaven’s Sake!! There’s nothing to the subject – it’s a straight-forward choice of two methods! I wasn’t going to even record it because it’s so bl**dy simple but I was persuaded to because not all the chapters were covered by lectures.
READ IT FOR YOURSELVES – THERE REALLY IS NO MORE BASIC SUBJECT. Here, pass me a tissue and I’ll wipe your nose for you too!
@MikeLittle, hmmm…….but my rose is not running Mr.Mike.
soory…but i found response rude.It was kinda of suggestion from all students & i agreed to that.I know a 25 mark question cannot appear from this area, but a small part of question can carrying 2 to 5 marks can appear.In exam even I mark matters if one gets 49.It oks if not all chapters are covered by lectures.I still appreciate your efforts
@Miss A.., Ok, here’s a response to Sharlene’s original post. Now concentrate REALLY hard because it’s a very tricky area!
“I thought I would have seen and excercise ( sic ) on how to record the gov’t grant”
Here we go!
Debit cash, Credit either TNCA or Deferred Income ( if it’s an asset related grant or…
the related expense account
Is that one whole lot better?
I agree to the earlier comments. This lecture is useless because I can read the text myself . More valuable would be to have explanation of this text with some practical example on how to record these transactions in Financial statements
A numerical example could have made the notes more comprehensible
So what is the deffered grant income?Is it considered as a liability to the receiving organization or is it an asset?
there should be numerical examples to make understanding of the clear…….just reading of the ias will not work……..please improve your lectures…….
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