• Skip to primary navigation
  • Skip to main content
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
    • BT
    • MA
    • FA
    • LW
    • PM
    • TX-UK
    • FR
    • AA
    • FM
    • SBL
    • SBR
    • AAA
    • AFM
    • APM
    • ATX
    • Dates
    • What is ACCA

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

The Statement of Financial Position and Income Statement (part a)

VIVA

View ACCA F3 / FIA FFA lectures | Download F3 notes

Reader Interactions

Comments

  1. kimhuie says

    December 1, 2015 at 10:56 pm

    Thank you, John. The lecture was very clear.

    Log in to Reply
    • John Moffat says

      December 2, 2015 at 7:17 am

      Thank you 馃檪

      Log in to Reply
  2. moonstream says

    October 8, 2015 at 11:59 am

    ?n the last one (k) must we deduct withdraws from profit? Why? And is the result net profit?

    Log in to Reply
    • John Moffat says

      October 8, 2015 at 12:10 pm

      The result is certainly not the net profit – withdrawals do not affect the profit at all (which is stressed in the last few minutes of this lecture).

      Profit increases the amount owed to the owner, and withdrawals reduced the amount owed to the owner. The final figure is the amount left owing to the owner at the end of the period.

      This is only the first part of the lecture – you need to watch parts (b) and (c) where everything is explained

      Log in to Reply
      • moonstream says

        October 8, 2015 at 12:24 pm

        thank you

  3. ichbinyahia says

    October 5, 2015 at 8:45 am

    Just to say thank you for providing these huge facilities for free!!!

    Log in to Reply
  4. estheranimahy says

    September 21, 2015 at 10:24 pm

    I watched the video for some minutes but it suddenly stopped and tells me “the video can’t be played by your current set up”..can someone help me out please?

    Log in to Reply
    • John Moffat says

      September 22, 2015 at 2:54 am

      Please go to the support page – the link is just below the lecture.

      Log in to Reply
  5. manoehs says

    September 16, 2015 at 8:17 pm

    Hi,I have a background in science subjects but understood this really well so thankyou very much for this lecture . 馃檪

    Log in to Reply
  6. mamzy says

    August 27, 2015 at 10:21 am

    Oh….I understand now. Thank you very much sir.

    Log in to Reply
    • John Moffat says

      August 27, 2015 at 10:26 am

      You are welcome 馃檪

      Log in to Reply
  7. mamzy says

    August 27, 2015 at 9:05 am

    Question f chapter 2 where we made a profit of $900,i noticed you didn’t carryover the profit to the next question g. I think the $900 should have been added to the capital of 10000 in question g. You omitted d $900and just added 2200 profit to the capital. Pls explain to me sir,why the omission

    Log in to Reply
    • John Moffat says

      August 27, 2015 at 9:09 am

      There is no omission.

      As I actually say in the lecture at 21:53, the 2,200 is the total profit from both sales (including the 900 from the first sale). We do not show the profit on each sale separately, but the total profit.

      Log in to Reply
  8. chilesheandrew says

    August 8, 2015 at 4:33 pm

    how do you download the lecturer notes?

    Log in to Reply
    • John Moffat says

      August 8, 2015 at 8:53 pm

      There is a button just above the lecture that says on it “Download F3 notes”

      If you click on it then you will be able to download the F3 lecture notes.

      Log in to Reply
      • nthanhtung1902 says

        August 20, 2015 at 2:17 pm

        the file was fail 馃檨

      • John Moffat says

        August 20, 2015 at 2:55 pm

        The lecture is working fine but can only be watched online.

        If you are cannot view it, or if you are unable to download the free lecture notes, then please go to the support page. The link is just below the lecture.

  9. safeenaz6597 says

    July 29, 2015 at 2:55 pm

    Hello sir
    chapter 2 the statement of financial position and income statement part a…
    the (f) why cash is 6400…!
    why am asking this because we have bought the car for 3000 and we have cash 4000 (4000-3000=1000)
    So cash is 1000 right
    I really don’t understand this part
    pls explain me

    Log in to Reply
    • John Moffat says

      July 29, 2015 at 3:05 pm

      The business started with 10,000 (a).
      They bought a shop for 2,000 (b), goods for 1,000 (c), and a car for 3,000 (e)

      So the cash left is 10,000 – 2,000 – 1,000 – 3,000 = 4,000.

      In (f) the sold goods for 2,400. So they now have 4,000 + 2,400 = 6,400

      Log in to Reply
      • safeenaz6597 says

        August 8, 2015 at 2:40 pm

        thanq sir
        have a nice day
        馃檪 馃檪

  10. gteo says

    July 27, 2015 at 9:44 am

    Hi John

    Your lesson is very explicit and excellent! I have just started F3 and am enjoying the lessons. Thank you

    gteo

    Log in to Reply
  11. sjp9197 says

    June 25, 2015 at 1:40 am

    Thank you this is so helpful 馃檪

    Log in to Reply
    • John Moffat says

      June 25, 2015 at 8:40 am

      I am pleased that you found it helpful 馃檪

      Log in to Reply
  12. IRENEE says

    June 18, 2015 at 10:14 am

    Thank you for the Video. The pictures are clear

    Log in to Reply
  13. Joseph says

    June 10, 2015 at 10:00 am

    Your lecture technic is awesome

    Log in to Reply
    • John Moffat says

      June 10, 2015 at 10:04 am

      Thank you 馃檪

      Log in to Reply
  14. rustamrakhmatov27 says

    May 17, 2015 at 3:57 pm

    Mr John, according to DEAD and CLIF theory: (DRs)? in Drawings results in ? in Assets (cash). or ? in Trade rec. leads to ? of cash. ive just started but i am really interested in more thorough understanding of this genius table. maybe original invention would help… and could you explain other features, please. why EXPENSES ASSETS DRAWINGS are Debits; CAPITAL LIABILITIES INCOME are Credits? debits are all inwards, yes but what about drawings? just because they ? the Capital introduced? or could i think of them like negative figure under the debits?
    Thank you Sir.

    Log in to Reply
    • John Moffat says

      May 17, 2015 at 4:07 pm

      The best will be if you watch the next lectures in the course which go through double-entry bookkeeping, because there I explain why debits are debits, and why credits are credits (and why drawings are a debit – yes, they are like negative capital). I do explain it all in the lectures, and you can understand that I cannot type out all of the lectures here 馃檪

      Log in to Reply
  15. khumbulani says

    May 8, 2015 at 10:22 pm

    there is no volume for this lecture?

    Log in to Reply
    • John Moffat says

      May 8, 2015 at 11:04 pm

      Yes there is volume!!

      If you are having problems then the problem must be at your end and you should go to the support page – the link is just below the lecture.

      Log in to Reply
  16. Muhammad says

    April 8, 2015 at 12:26 am

    great easy to understand

    Log in to Reply
  17. medsin2 says

    April 2, 2015 at 4:11 pm

    Hi does the withdrawal (1,200) affects the capital figure.. If we had carried on with another example will the capital figure change from 10,000 to 8,800.
    Thank you

    Log in to Reply
    • John Moffat says

      April 2, 2015 at 11:22 pm

      Yes – taking out drawings reduces the amount left owing to the owner.

      Log in to Reply
      • medsin2 says

        April 3, 2015 at 1:37 am

        Thank you

  18. Ayo says

    February 24, 2015 at 8:02 am

    Dear sir,

    Good day,

    Last year I make use of your F1 material and I pass with 60%. Thank you open tuition.
    I just start study for F3, enjoy the lecture so far… I believe I will make the paper as well.

    Thank you open tuition for making this materials available to us.

    Warm regards.

    Ayodeji Ajayi.

    Log in to Reply
  19. yemi says

    February 9, 2015 at 3:01 pm

    I just started studying the lecture notes simultaneously with the videos and I must confess it has been seamless.I just understood the basic foundation ignoring the debit and credit as you advised. I am moving to chapter 2b and I hope it continues to be this easy to understand. I am planning to take F1 F2 and F3 come June.

    Thank you open tuition.

    Yemi

    Log in to Reply
  20. zahidkhan2015 says

    January 31, 2015 at 11:09 am

    hello sir,
    hopefully u will be fine and doing well!could you please explain a bit more about bank overdraft with an easy example?

    thank you
    regards
    zahid khan

    Log in to Reply
    • John Moffat says

      January 31, 2015 at 11:51 am

      All bank overdraft is simply a negative balance at the bank (i.e. you owe money to the bank)

      Log in to Reply
      • zahidkhan2015 says

        January 31, 2015 at 12:17 pm

        thank you.

« Older Comments
Newer Comments »

Leave a Reply Cancel reply

You must be logged in to post a comment.

Copyright © 2025 路 Support 路 Contact 路 Advertising 路 OpenLicense 路 About 路 Sitemap 路 Comments 路 Log in