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April 19, 2018 at 7:57 pm
In a senario case where a Pvt company issued share in exchange of office building worth of 100,000 meanwhile one member of the company said this office building was overvalued by 20,000.
So what would be possibalaties in this scenario.
April 19, 2018 at 8:22 pm
I believe that this is not a question related to the lecture! Please post your non-related questions on the Ask ACCA Tutor forum in future
As for the answer to your question … the member should not have appointed directors to the company that wish to issue $100,000 worth of shares in exchange for $80,000 worth of building
The case Pavlides v Jensen established that the …
“Members should have to put up with the foolish and unwise ways of those that are appointed to the office of director” but …
… the case Daniels v Daniels took it further and said that “Whilst the members may have to put up with the foolish and unwise ways of the directors, they should not have to put up with those ways where the directors themselves benefit as a result”
April 19, 2018 at 10:12 pm
Kindly further elobarete what would be treatement of 20000 loss.
April 20, 2018 at 6:42 pm
What $20,000 loss? The company has just acquired an asset and it has cost $100,000
OK, maybe it’s only worth $80,000 but that’s an irrelevant observation
If I sell you my car for $14,000 what entry will you put through your financial records? Dr TNCA Motor Vehicles $14,000 Cr Cash $14,000
The fact that it’s only worth $10,000 is irrelevant — it’s your choice to buy or not to buy
Now please stop posting questions on this forum that relates to specific lectures
This thread should have been in the Ask ACCA Tutor forum!
November 30, 2016 at 2:53 pm
F4 in now understandable – Thank you Mike & OT team!
April 8, 2016 at 10:33 am
Thanks a lot Mike. I really appreciate the lectures in combination with the notes. Very clear and understandable. Regards.
January 20, 2016 at 7:09 pm
a wonderful page indeed. thax a lot
October 24, 2015 at 10:56 pm
Regarding bonus issues and the Company is “giving” shares that are already paid: As i understand, £100.000 in the capital structure you wrote is a cash received as a difference between market price and nominal value of shares initially issued. The amount is reserved and cannot be used. By issuing a bonus shares that money becomes operative and can be spent by the Company since no reserves are required anymore. Is this wright?
October 24, 2015 at 11:50 pm
I forget to note, “in case where the shares are acquired in cash” 🙂
February 1, 2015 at 3:59 am
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February 1, 2015 at 7:36 am
Try the support page -post your question in “technical problems” – it’s about one inch further up than this post on the right hand side
December 19, 2014 at 10:36 am
how a bonus issue is financed?
Are we allowed to use share premium account or capital redemption reserve for this purpose
December 19, 2014 at 11:52 am
Yes, both of those but also any distributable reserve like retained earnings, general reserve or plant replacement reserve.
In order of preference the first reserve to be used would be the capital redemption reserve followed by the share premium account. After that, any of the distributable (revenue) reserves
December 3, 2013 at 3:34 pm
I have doubt, that whether information mentioned on each chapters note are sufficient enough to score max marks in exam.
Can you please reply on this thanks
December 3, 2013 at 3:40 pm
I would agree with you! Have you thought about reading a study text? Or the answers to past exam questions? The notes are called “course notes” for a reason – they are the notes we use on courses. They have never been claimed to be a substitute for a study text. In fact, how could they be? Look at the font, the number of pages, the number of proper sentences / paragraphs in the course notes and compare with the study texts of household name tuition providers.
Please, let me apologise if the notes are not comprehensive and I can interpret that you are clearly disappointed.
And good luck next Monday 🙂
December 3, 2013 at 4:54 pm
I really do appreciate your efforts for helping all the ACCA students. And thanks for clearing my doubt. As I still have time to go through past papers and text for more details.
But can you please guide me how many past papers I should go through as few of my mates were suggesting me to have a look of last 6 session papers.
What would be your advice on it?
December 3, 2013 at 5:00 pm
My advice, if you were determined to restrict yourself to just 6 past exams, would be to take the 6 starting with December 2007 and work forwards through 2008, 2009 and half way through 2010.
Quite honestly, the more you read the answers, and the more frequently you read them, the easier the whole subject becomes
My advice? Read, read and read again the printed solutions starting at answer 1 and working your way through a revision kit / exam kit
As often as you can in the next 5 days
December 3, 2013 at 5:03 pm
Great and thanks for your assistance. Appreciated.
December 3, 2013 at 5:06 pm
April 19, 2018 at 7:48 pm
I have experience in CBE exam and for assessment either do past papers or purchase ACCA online test then you can assessment your preparation.
April 19, 2018 at 8:24 pm
Get hold of a revision kit / exam kit from a reputable publisher and practice, practice, practice those mcqs and mtqs over and over and over again and again and again
September 11, 2013 at 7:00 pm
Amanah Saeed says
June 5, 2013 at 2:07 pm
Thank you for your great efforts.
As per the Exam tips, its important for us to understand Legality of dividends and consequences, so is it this chapter / lecture??
April 16, 2013 at 9:26 pm
Where is the remaining of this lecture? This lecture does not cover complete notes.
September 11, 2013 at 7:10 pm
You’re right, the recorded lectures do NOT cover the entire notes. There has to be something left for you to do in your own studies 🙂
September 30, 2013 at 12:35 pm
I will remember it lot better when you talk through it though! U make it sound really exciting Mike!
I bore my husband to death every night when he gets in from work about cases i’ve learnt in the day! He is a builder and has no interest in it whatsoever!!! 🙂
February 5, 2013 at 9:01 am
This site is really doing a lot for ACCA students
November 25, 2012 at 1:29 am
So far in F4 I think that this is the Toughest Topic I came across Specially because of scenario based question on this topic
April 18, 2012 at 7:29 am
Dear sir, this is all in english version,is this any lectures and notes avaliable in global version of BPP format.
John Moffat says
April 17, 2013 at 6:25 am
There are notes etc for the global variant – check the main F4 page for the links.
(I don’t know what you mean by the BPP format – it is the ACCA who sets the exams 🙂 )
April 15, 2012 at 3:51 am
March 14, 2012 at 2:30 pm
It is very good. The problem is that I fail to download it so that I can watch it every where I am. Please help me to download it.
March 14, 2012 at 2:34 pm
@gatera, Lectures are not downloadable, that;s the only way this site exists and all study materials are free!
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