Comments

  1. avatar says

    Hi Sir,

    I already printed the notes back in May 2014. In the syllabus guide, it says no changes except rearrangement of syllabus sections(section on cost of capital is now part of business finance section) Did you make any changes to the notes to reflect the aforementioned change or just updated the date to Dec 2014? If the notes(June 2014 one and current dec 2014 one) are 100% identical, then I won’t waste paper and ink to print them again. Thanks

  2. avatar says

    I’m unable to view lectures since yday and my Internet connection is ok as I can play videos frm other websites. Pls help. I used same internet connection to view d lectures same yday, trief opening d nxt one but couldn’t.

  3. avatar says

    Hello sir for the calculation we need to consider the credit sales and credit purchases since there is no clarification what is credit and what is cash sales how we will assume?
    In the question given just a Receivables but we need to consider the average receivables so how can e take avg receivables
    Plz advise me thanks in advance

    • Avatar of John Moffat says

      You have to make the most sensible use of the information available.

      If you are not told the split between credit sales and cash sales, then you have no choice but to assume that all sales are on credit. The same applies to purchases.

      In a perfect world you would use average receivables and payables, but again, in the exam you must make the most sensible use of the information available and usually you are only given the receivables and payables at the end of the year.

  4. avatar says

    only Opentuition Notes are enough???…cuz when we compare these Notes to other texts(kaplan,bpp,emile etc etc),they seem nothing to them with respect to both,length and expandable explanation.However,other texts are much scary as well as compared to OT text.Please,put some light on it,plus,how to tackle with those giant texts and score good marks in theory?Give some tips. :)

    • Avatar of John Moffat says

      Our Course Notes are not meant to be Study Texts (as we make very clear) – they are Course Notes to be used with the lectures.
      The notes and lectures contain enough to be able to pass the exam well, provided that you really understand them and provided that you practice lots of questions (preferably from one of the Revision/Exam Kits from one of the approved publishers).
      Best is to use the Study Text more as a reference book for any topics that you are unsure about after watching the lectures.

    • Avatar of John Moffat says

      The cost of sales is the purchases as adjusted for opening and closing inventories.
      Just suppose you were buying 10,000 a month and you took one month to pay suppliers.
      That would mean that your purchases were 120,000 over the year, and that the year end payables were 10,000.
      However suppose that of the 120,000 you bought, only 20,000 were sold and the rest were left in inventory. That would mean that the cost of sales would be 20,000 and yet the payables would still be 10,000.
      You would not then say that payables days were 10,000/20,000 X 365 !!

      All of the calculations are only approximations for all sorts of reasons. In the exam you make the best use of the information available. If you are told credit purchases then this is the most sensible figure to use. In some questions all you know is the cost of sales, in which case you would have no choice but to use this instead. However, again, any answers are only a ‘rough guide’ and you should always make this point in your answers.

      • Avatar of John Moffat says

        Chapters 1 and 2 really are more background reading and should be understandable from reading the course notes. They do not need a lecture (which would be little more than just reading the notes to you)!

      • avatar says

        The lectures are good, but the problem am from a very remote part of the World with limited access to internet. I dont hope to get any better internet connection any time soon given the location of my area. I only rely on USB modem connect. Please could you avail downloadable video just like you did with introductory part.

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