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Hi Mike Little,
thank you for all your video lectures, they are a helpful alternative to studying from the text book which can be mind dulling! just one question if you don’t mind please Mike. In the P1 syllabus it states that the structure of the board should not be dominated by any individual or any group. However, a common characteristic of a single tier board is that control and management are in the hands of a single group of directors. Is this a contradiction between the two points or have I just misinterpreted the info! thanks again Mike you are brilliant at what you do and your lectures are actually quite entertaining!
Only “quite” entertaining! Now I’m upset
The unified board is – as you suggest – a single group of people. But within that board there are the execs and the non-execs. In addition, the Chair and the CEO are both present on that unitary board.
So the Chair is not able to dominate because the CEO is there as a balance. Equally, the CEO cannot dominate because the Chair is there to balance.
And the same comments go for the execs (because the non-execs are a balance) and the non-execs (because the execs balance them)
thank you for the clarification Mike, much appreciated!
Page 37 – An easier mnemonic would be S.P.A.M.S.O.A.P instead of O.A.P.S.P.A.S.M (just a suggestion)
Excellent lectures, keep up the good job
Hmm, but an “OAP” in England is an Old Age Pensioner and the image of a pensioner having a spasm is possibly easier to envisage than a bar of soap under a slab of processed reconstituted meat from America!
I am not able to play the P1 lecture on my galaxy tab, is it compatible or not?
who is this guy? he is an absolute hero
Internal Controls –Categorisation mnemonic can be rearranged into …
Feels good to have a tutor who actually interacts with students and tries to find time to go around forums to answer their questions. Not to be an ingrate over the benevolence behind such an important, yet free site, but sometimes questions just go unanswered and as there is no (not sure) kind of feed/reminder/notifier, you never know the year your question gets answered or your worry cleared. This could be fixed, I believe. My only problem with Mike is he has so much experience/knowledge in this that he sometimes over-assumes and forgets to explain the basics or go slowly with calculations …or make connections with past/other topics to re-enlighten the student who is trying to put in so much stuff back-to-back, and often without much exam experience. If you listen to F6 lectures, you see that the tutor teaches as to babies, and I think that’s very effective. He starts with reviews of what has been covered, if possible, and tries to make summaries and resumes of the whole connection using a minute or two. Otherwise, with all the fun, tips and mnemonics etc, Mike’s an excellent (A+) teacher and for that, I can only say thanks!
@crye, Wow – there’s an in depth analysis! In my defence, I have to say that tax is a one-off with no connecting paper neither before nor after it ( unless you choose P6 which no-one in my part of the World does )
In addition, I am constrained by time availability – just four and a half days to get through each paper. Not really got time for extended revision
@MikeLittle, Well understood, sir. I wish as many of us as possible could read this and learn that all these lectures didn’t take up to a week to give! Thank you so much for everything; we’d be paying fortunes for all this if we hadn’t O.T!
@crye, …. Wow, there’s now a reply alert enhanced! Got one right in my inbox!! … so I … take back that part of my comment?…. and say BRAVO, to O.T!
@crye, I have no idea what a reply alert is but you are welcome to your opinions and feel free to make whatever comments you want. I will take on board what you said about quick revision but, frankly, I thought I already did that. Certainly I do for topics like consolidations and for paper P7 we have to revise the ACCOUNTING standards
@MikeLittle, Sir, by ‘reply alert’, I just meant the feature which makes it possible for users to get notified by email when their comments/posts on OT get responses/replies. For example, it was from my inbox I knew someone (you) had replied in this thread.
Elsewhere, I’m really grateful and humbled you gave my worry a thought. May God bless uplift you!
The mushroom diagram looks like a banana with feet
Hello Mike. Loving your lectures on F7, P2 and now P1. What a fantastic contribution you are making to the world. Are you compensating for all those misdeeds in the past ? It is certainly more interesting with your colourful examples!
@ashleymilne, WHAT MISDEEDS??????!!!!!!! Who have you been talking to?
And besides, I have paid my debt to society and served my sentence without asking for parole
Waoh! So only his lectures can garantie me a pass?
@mara13, NO-ONE ever claimed that! OpenTuition is a supplement to other preparation!
I am unable to view lecture with my blackberry can I get assistant with
Please contact blackberry support
great lecture! Mike Little is good you helped me throe P2 in the bag hoping the same will happen with this one.Keep it up
Mr Mike ur a legend….its not easy to make this paper interesting and thats what u did…
thx for it
@kuzma2, – but it really IS a great suject – I am so happy to be teaching it
Mr Mike is a great lecturer. He really explains the topics and uses a lot of examples for further clarification. If I forget the answer, i quickly remember the example,then start making points from the example and I then built on the points. I usually get the answer right. Thanks Mr Mike.
@sherry ann, That;s good news – keep it up!
This old man is a Funny Guy
@azzal, what do you mean “old man”!!!!!????
Ignorance is bliss>>>> Speak on Governance, Risk and Ethics
I need to download these audio files for future use
the site is alive, you can watch on line anytime!
we are not going anywhere
Lectures are NOT downloadable
Great lecture! Clear and precise, thanks!
Mushroom structure anyone?
Mike is getting very comfortable with the class.
Lecture is great, thanks for that.
P.S. the video is still not fixed properly.
I like the lecture, except the comment on the bible.
‘papa moss’ can also be used as mnemonic for internal controls.
Lecture is great. Thanks Mr Mike.
I am unable to view the videos of Paper P1. Earlier it was used to work but now it is not working.
Can you assist me how will I view the videos.
Many thanks for you assistance in advance
It must be a problem on your pc
Nothing has changed on the site and works
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