Comments

  1. avatar says

    Hey!!
    I was just wondering if these lectures are the updated and suitable for December’13 exams ? Since I can see few standards not covered in the lectures like Share Based Payments though covered in notes .

    Could you please give me an update for the same very soon.
    Thanks for your continuing support !

    • Avatar of MikeLittle says

      We simply do not have the personal time available to continue to have updates on all the IFRS / IAS. Share based payments are, in my humble opinion, adequately covered in the notes. If there is no up-to-date lecture covering a (any) topic, it’s because I felt that it is / was an area relatively easily covered by the students themselves. I’m not sure that I personally find IFRS2 particularly mind-bending so it is probably not audio lectured for that reason.

      However, BEWARE! The examiner COULD find relatively obscure points within any standard to test the preparedness of even the best prepared student

    • Avatar of MikeLittle says

      @kamshizo, At 3.44, I say “Next year, the provision should be 40,000″ We already have 36,000 in the provision account. So now we need a further 4,000 to bring it to 40,000.

      Ok, ok, I should have said “Say, next year, the provision should be 40,000″

  2. Avatar of patama says

    Hi In Reply to 7suleo11 question:
    please can someone please explain how he arrived at 8% by 200 and 2% BY 1000.
    Answer

    The question says 90% suffer no default therefore 10% of sale must suffer faults.
    now split the 10% faulty microwave between minor and major defects.
    In the question it state that 80% suffer minor fault therefore 80%x 10%= 8% so the 2% must relate to major faults.

    now use the percentage to multiply to estimated cost of repair e,g
    8%x $200,000
    2%x$1,000,000

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