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- July 17, 2017 at 12:00 pm #397039
My Dear Tutor, i failed with the score of 48%.
Need your help for the new standard.the rest will require revisionJuly 17, 2017 at 4:11 pm #397071The distinction between operating leases and finance leases has gone
Now we consider the concept of ‘right of use’ and if a person has a right of use of an asset then IFRS 16 applies
This is all set out clearly on pages 87, 88 and 89
The whole area of leasing is made apparently substantially easier than when IAS 17 applied – there will not be a video lecture in time for a September sitting
Your best bet would be the get fully to grips with as many otqs and mtqs as you can and break up that tedium with practicing consolidations and preparation of financial statements for single entities
You strike me now (as you did in all your previous posts) of wanting to concentrate on minutiae instead of getting to grips with the bigger picture
Have you, for example, worked through all the mini-exercises at the back end of the course notes?
Have you followed all the revision lectures where I work through past examination consolidation questions and preparation of financial statement questions
Those are the areas where you focus should be aimed!
OK?
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