
flippy replied to the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
OK sir!!!thanks for clarifying it for me hehehe

flippy replied to the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
so in the incurred loss model..the impairment loss of 522 is recognised when impairment happen. thats why it is recognised in year 3.whereas for the expected loss model,expected impairment is recognised earlier in year one…that is why in incurred loss model,there is no profit smoothing as there will be a sudden drop in return from 16% to 5.56 %…[Read more]

flippy replied to the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
sir please reply…i cant sleep tonight without my question solved!!

flippy replied to the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
and in the question june 2011 grainger …expected loss model..how to calculate impairment loss if we were asked??why does the answer calculate impairment loss for incurred loss and did not calculate so for expected loss model????

flippy replied to the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
for financial assets measured at amortised cost.impairment loss is the difference between the asset’s carrying amount and its recoverable amount which is the present value of estimated future cashflow discounted at the financial instrument’s original effective interest rate right?then what is the incurred lost model and expected loss model…[Read more]

flippy replied to the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
and is 522 an impairment loss??im confused here..im so weak in my financial instruments help please!!

flippy started the topic june 2011 ifrs 9 in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
on the june 2011 paper question 4 (b) (ii) the incurred loss model..how to get 4550 on the loan asset?

flippy started the topic financial instrument in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
dear sir,
ias 39 requires an embedded derivative to be seperated from its host contract if it fullfills the criterias.ok fair enough.and then suddenly we have ifrs 9 who states that we dun have to seperate the embeded derivative from its host contract.so which is which??who do i follow?in the exam if i were asked to give advice..which do i follow…[Read more] 
flippy started the topic debt vs equity in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
can someone please tell me any past year questions related to debt vs equity?are they the same as ias 39/ifrs 9 financial instruments??

flippy started the topic ifrs 2 share based payment in the forum Ask the Tutor – P2 Exams 4 months, 2 weeks ago
dear sir and everyone here,i’m worried that share based payment might come out in the exams,i have not done any past year paper relating to share based payment so far..can anyone kindly tell me which past year paper has a share based payment question?thanks!!!

flippy replied to the topic p2 june 2011 help! in the forum Ask the Tutor – P2 Exams 5 months ago
oh i just saw it..i was doing the question in the wee hours guess i wasnt fully awake yet..thanks anna for replying!!

flippy started the topic p2 june 2011 help! in the forum Ask the Tutor – P2 Exams 5 months ago
dear sir,
i’m doing a question relating to consolidated statement of foreign subsidiary..there is a question in june 2011 question one..on the calculation of petal’s goodwill,why is the fair value of non controlling interest $46m??http://www.accaglobal.com/content/dam/acca/global/PDFstudents/2012/p2int_jun_2011_qu.pdf
cheers,flippy!

flippy started the topic p2 dismantlement cost in the forum P2 Corporate Reporting Forums 6 months, 3 weeks ago
what happen to the ‘ask acca lectures’ feature?why isnt it there anymore?i have something to ask abut p2 dismantlement cost.i want to know why do we capitalise dismantlement cost?why isnt it a liability because its something we pay in the future,.and why do we unwind those finance cost?thanks!!

flippy replied to the topic *** P3 June 2013 Exam was.. Post your comments *** in the forum P3 Business Analysis Forums 10 months, 1 week ago
for question 1…i did not use cultural web for my answer..but i manage to write something based on what i know..i will still be correct right?as long as my answers are sensible and logical and fit to what the question ask.

flippy replied to the topic *** F7 June 2013 Exam was… Post your comments *** in the forum F7 Financial Reporting Forums 10 months, 2 weeks ago
<cite>@rhythm said:</cite>
in first question isn’t loan should be added to consideration ?? as it was to shareholders not the sub ???i don’t know..but i did not include it in my purchase consideration.:D

flippy replied to the topic *** F7 June 2013 Exam was… Post your comments *** in the forum F7 Financial Reporting Forums 10 months, 2 weeks ago
not enough time!!time constraint!!!and true to that q1 has the weirdest adjustment!!they say carrying amount has a devaluation of 3000 for consolidation.anyone minus the 3000 from subsi’s retained earnings b/f?and take out the additional depreciation charge 500 from the cost of sales?
i have a feeling that i’m going to fail this paper..if only im…[Read more] 
flippy started the topic past year question ias16 in the forum Ask the Tutor ACCA F7 Exams 10 months, 2 weeks ago
dear sir,
there is this question on the dec 2002 question 2.this leashold asset cost is $30.000.carrying amount at 1oct 2001 is $20.000.its fair value at 1oct is $ 18000 which means it has a deficit of $2000.however,the directors are committed to retain the historic cost for the leashold asset.so the figure that i should include in my statement of…[Read more] 
flippy replied to the topic six sigma in the forum Ask the Tutor – P3 Exams 10 months, 2 weeks ago
yo sir!!thanks for your confirmation!

flippy started the topic six sigma in the forum Ask the Tutor – P3 Exams 10 months, 2 weeks ago
hi sir,
there’s a a question in june 2009 regarding six sigma..my friend told me that this has been deleted from p3.i just wanna make sure that this is true.can u confirm with me? 
flippy started the topic ias36 impairment in the forum Ask the Tutor ACCA F7 Exams 10 months, 3 weeks ago
dear sir,
this is about ias 36 impairment loss.we are aware that ias 36 does not apply to inventories right….but what if there is this cash generating unit which has a carrying amount of 1000.and in that cash generating unit,there is inventory.and the revised cash generating unit becomes 900.do we impair for inventory as well like pro rate the…[Read more]  Load More