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ACCA F7 lectures Download F7 notes
Marylise Sacco says
April 30, 2016 at 12:18 am
First of all keep up the good work you’re doing:)
Secondly, can you kindly explain to me from where is the $364 re ‘Purchase of Investments’ coming from please? As I was doing 396-125 (taken from the question and not 364-125.
Thank you in advance and happy weekend 🙂
April 30, 2016 at 7:44 am
Hi, isn’t there a note to the question that says something like “32 of the investments were considered to be cash equivalents”?
April 30, 2016 at 11:03 am
Oops!! missed that.. Thanks so much
April 30, 2016 at 7:24 pm
No problem – RTFQ
March 7, 2016 at 10:10 am
Great lecture, brilliant wit throughout.
Shame about the omissions but that should in no way affect students and it’s a useful lesion that even those that do this day in day out can make a mistake.
The lesson is take your time and take care.
March 7, 2016 at 8:29 am
Hi Mike, Thank you so much, I have learned a lot from you. I want to highlight 1 mistake beside overdraft omission, Receivables increased by 92 not 32, so you miss inflow of OD amount of 60 and outflow of Receivables of 60. Thats why there is no effect, 60 – 60 = 0.
One Question, OD will be treated in Operating or Financing activity???
April 28, 2016 at 9:51 am
I wonder if at the time of recording the notes were different. In these notes receivables are 584 and 492 for 2009 and 2008 respectively, and there is 60 bank overdraft. There are no workings shown in the lecture and nobody from the audience points out that there is a mistake.
April 30, 2016 at 8:00 am
I ALWAYS treat the overdraft as cash equivalent
January 29, 2016 at 2:52 am
Hi, please why did you leave out overdraft of in the calculation of cash and cash equivalent? Am confused about it.
January 29, 2016 at 6:02 am
I can’t believe that I have missed it out! Please check and confirm whether I DID or I DIDN’T include the overdraft – it will save me a job of looking it up if you will check it for me – thanks
January 31, 2016 at 1:24 pm
Hi Mike, Thank you so much for the lectures, just a little confused on the end part, maybe I am missing something.
In the solution in the actual written notes the net decrease for the Year is -92 and end of year is -11 ,as opposed to -32 and 49 in the lecture .
In the lecture Receivables are 32K and in the written notes they are 92 k which covers the 60K difference.
As the Overdraft is also 60K , I just want to clarify that the overdraft treatment is only to be looked at in the net increase/decrease in cash and cash equivalents and nowhere else on a cash flow?
September 30, 2015 at 5:10 am
How you got (32)
at the last of question 6?
September 30, 2015 at 9:16 am
From the statements of financial position, we have brought forward and carry forward cash + bank positions (don’t miss the overdraft, nor any cash equivalents in the notes to the question)
Check it out and let me know if you still have a problem
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