Accounting for Limited Companies – The statement of Profit and Loss – ACCA (FA) lectures
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John Muffat has anybody ever told you that you look very cute 🙂
Dear Sir,
First of all,Thank you for excellent lectures.
Sir my question is that does the financial statements filed with the state and sent out to shareholders include Notes to the accounts,Statment of changes in equity and statement of cash flows..
Yes, they are included (and they are all explained in our lectures).
Thank you very much sir for your prompt reply.Sir if notes to the accounts,Statement of changes in equity and Statement of Cashflows is included in financial statements that are filed with state (In case of UK,Comapnies house),the why we prepare 2 SOPL.
Thanking you in antipation
They will prepare a detailed SOPL to help them run the business, but this isn’t filed with the state because anyone can see the documents filed with the state and the company doesn’t want competitors etc. to be able to see all of the detail. So the SOPL that is filed with the state is only a summary without all of the detail.
Hi John,
Many thanks for the lecture. Why is it that distribution cost isn’t considered cost of sale?
Thanks,
Are dividends a finance cost too ?
Dividends on ordinary shares are not.
Dividends on redeemable (i.e. repayable) preference shares are a finance cost.
Thanks Sir,
no problem with this topic .