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ACCA P2 lectures P2 notes
April 15, 2015 at 1:33 am
Hi Mike thank you for these excellent lectures !!
I found them very useful but I’m taking the Singapore variant exam do you know if it would be ok to use your lectures for the exam?
April 15, 2015 at 7:49 am
#1 if ever you want to be certain that I shall see your question and therefore be certain to get a response from me, then please post your question on the Ask the Tutor page and not in the general forum
#2 I know very little about Singapore, to my shame, but I can’t believe that there is a great deal of difference between the Singapore and the Global treatment of non-current assets
I imagine that you should be fine using these notes and lectures
April 16, 2015 at 1:59 am
Thank you sir!
February 28, 2015 at 9:11 pm
Hello, pls can I use this video for my June 2015 exams
February 28, 2015 at 9:15 pm
Yes, you can
December 6, 2014 at 12:59 pm
Sir, You are awesome. I passed my F7 only and only because of You.
Appearing for P2 on 9th 😀 I hope to ace it too 😀
December 7, 2014 at 10:22 pm
Good luck, and thanks for those kind words
December 5, 2014 at 7:47 am
if an asset which is previously revalued is impaired then what is accounting treatment of this in according to IAS 6……….I also wnat to know its impact on deffered tax calculation…..
December 5, 2014 at 3:22 pm
Write the impairment off first against the relevant amount in the revaluation reserve. If there is a surplus amount to impair, that is charged to PorL
As for deferred tax implications, the tax base will be compared with the carrying value and tax calculated on the difference
Will that do?
December 6, 2014 at 3:50 am
Thanks a lot
September 3, 2014 at 11:33 pm
Mike thanks for the advise.good work
September 4, 2014 at 5:48 am
April 18, 2014 at 11:43 am
are these lectures compatible for June 2014 attempt?
April 18, 2014 at 12:00 pm
Yes they are
Anold Dirwayi says
February 10, 2014 at 1:40 pm
l am failing to download the lecture videos.is there any one who can assist me.
February 10, 2014 at 2:33 pm
You can’t download the videos – only the course notes are downloadable. It’s the only way we can keep this site viable
December 6, 2013 at 2:23 pm
Why arnt the video lectures working?? Please help
December 6, 2013 at 3:04 pm
Please check the support page, if they were working before.. sometimes just restarting your computer/browser may help..
November 28, 2013 at 2:24 am
Dear Little, there was a question asked by olfavladi says:
November 11, 2013 at 10:04 am you said that you had answer please help and just copy for us that answer i would also like to get the the answer to that question. thanks
November 28, 2013 at 6:42 am
olfavladi posted the same question in two different threads. I can’t remember what the heading was for the other thread. In addition, I was not really happy that I was being asked to give advice about a practical matter from his employment. The site is not here to provide professional consultation. There are firms of accountants that provide such services. This site is here to assist students to prepare for and to pass their accountancy exams.
If you wish to search through the site, you may find the earlier thread to which I have just referred but I’m not prepared to do that – I have students’ genuine questions to answer
November 11, 2013 at 10:04 am
I’ve got a question which we can not resolve in my company.
We acquired the intangible asset (licence) for 100 USD, partly this acquisition financed through the government grant (60 USD),
we are going to sell this asset for 15 USD in the 1-st year and for 15 USD in the 2-d year (total benefit of 30 USD). What will be Impairment Loss when we test for impairment?
Is it possible to include grant’s proceeds in calculation of recoverable amount?
We account for the grant as a deferred income, separately from the related intangible asset.
Please help me with this problem.
November 11, 2013 at 9:06 pm
I’ve already answered this!
November 1, 2013 at 5:28 pm
Hello, are there solution for example 1 (Edigijus) please?
November 1, 2013 at 8:10 pm
I thought there was a solution at the back of the notes
September 3, 2013 at 2:58 pm
are there no revision notes for the exam ? they are very helpful
September 3, 2013 at 3:24 pm
Hi, no, sorry
August 26, 2013 at 3:38 pm
hi Mike i have this question to ask, if a company has been depreciating an asset and at the end of the asset useful life, if they still want to keep the asset , what is the accounting treating?
August 26, 2013 at 8:30 pm
Why would they wish to keep it beyond its useful life? Are they still using it? In which case, it has not reached the end of its useful life! And if, in fact, it HAS reached the end of its useful life and has been fully depreciated, then there’s nothing to do – it is no longer contributing to the activities of the company. If, getting towards the end of its originally estimated useful life, the company decides that the asset is going to last longer than first estimated, then its estimated useful life should be re-assessed and whatever carrying value remains will then be written off over its new remaining estimated useful life. And then, next year, its remaining useful life will be further re-assessed …. and again the year after, and after. In theory, it should never be fully depreciated.
Is that ok?
August 27, 2013 at 11:14 am
yes mike, i was asking because the furnitures and computers in my company have been fully depreciated but the company doesn’t want to dispose them off because some are still in a good state. so my boss was telling us the other day that they will be bringing in experts to revalue the computers and the furnitures. I don’t know why he calls it a revaluation because i thought it is a reassessment of the asset extimated useful life ie an extension of the useful life of the asset
August 27, 2013 at 7:32 pm
I think you’re right – it’s a reassessment of estimated remaining useful life. IF the boss revalues these written down pieces of furniture, he should ensure that ALL assets in that class are reassessed / revalued. He should not “cherry pick”
August 28, 2013 at 10:18 am
thank you sir
June 21, 2013 at 11:34 am
hellow, when come to NCA’s vedio, it appeared 404 not found, I cannot play the vedio, the pevious early part can play, may I know what happen?
April 1, 2013 at 11:18 am
Hello. The standard says we are not allowed to capitalise any interest where the interest no longer mets certain criteria, one is the stoppage of work on site. what happens to the interest earned( i.e. where the loan has been invested) when work is stopped temporarily,do you match the income with the expense from the date it starts to meets the recognition criteria again or do you backdate the int income to match the int expense to be capitalised.?
June 22, 2013 at 9:13 pm
We capitalise so long as the criteria are met. If they are not met, then we must not capitalise. So interest accrued in that period is expensed to Statement of Income and any interest earned on the temporary investment of surplus funds will be credited to Statement of Income – I imagine that set-off would be acceptable. We do not backdate the capitalisation – if the interest is accrued during that period of inactivity, it’s expensed and not backdate-capitalisable
March 10, 2013 at 3:39 pm
Is there a video to guide us for slowing example 1 (Edigiius) on borrowing cost? Pls advise. Thanks
June 11, 2012 at 6:12 am
These old lectures can be viewed ON IPHONE using Puffin Browser available on I Tunes for free. Please spread the word….
June 7, 2012 at 8:22 pm
Thanks so much. This is a very good one
April 21, 2012 at 6:07 pm
When do we conduct a revaluation of an asset????
April 21, 2012 at 9:14 pm
@neetish, when you want to and, particularly when you have adopted the valuation model rather than the cost model. Revaluing downwards? – whenever there are indications that the asset / assets may have suffered impairment
March 7, 2012 at 7:08 am
February 21, 2012 at 9:14 pm
not able to veiw lectures from chapter 5
November 12, 2011 at 1:31 pm
Do u really not get anything out of this? The man is very good!
November 6, 2011 at 1:44 am
I guess, theres nothing left to say!!!
July 10, 2013 at 2:38 pm
sahe kaha samag he nahe a rahe is ke to
September 25, 2011 at 10:15 am
thanks for being so generous!
September 23, 2011 at 3:04 pm
excellent lecture. I am greatful to owner of this site. Thank you very much.
ISHA SHARMA says
June 1, 2011 at 1:00 pm
Very comprehensive and satisfying lecture. Thank u very much for the wonderful efforts
April 19, 2011 at 9:13 am
Great works you are doing here; whose benefits have reached far & wide. The world is benefiting greatly from this. Keep it up
October 18, 2010 at 1:03 pm
i like to download this video lecture.what i can do?
October 18, 2010 at 1:45 pm
These are online lectures, and downloading is not allowed
October 5, 2010 at 12:43 pm
Thank yu so much this helps us people in africa with less resources
September 26, 2010 at 9:25 pm
wonderful, massive resource and you make learning easy. This site is very helpful.
August 31, 2010 at 6:32 pm
Sure, I will 😉
August 31, 2010 at 6:21 pm
Excellent site with good informative material free for student, a huge gift for students who can’t afford. Please pass on my thanks to the owners of the site! Great contribution to the Accounting Eduction, especially in the time of this commercial age.
July 26, 2010 at 6:22 pm
it works fine, check your PC..
July 26, 2010 at 5:27 pm
video lectures is not running what problem ?
help me any one
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