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Accounting for Limited Companies - The statement of Profit and Loss - ACCA (FA) lectures

VIVA Subject Guide
YouTube video

15 Comments

  1. Jacob
    Hello,

    Is this updated for IAS18? I understand that this is now tested in the exams - is this correct?

    Thank you,
  2. Jacob
    IFRS 18 sorry**
  3. huzaifa
    hi sir, are these lectures still useful in2025?
  4. John MoffatTutor
    Yes they are all applicable for the 2025 exams.
  5. Murtaza
    Hi sir,are these lectures still valid for 2026?
  6. John MoffatTutor
    They are valid util June 2026. After then the syllabus changes (and our notes and lectures will be updated).
  7. Uz
    John Muffat has anybody ever told you that you look very cute :)
  8. amjad
    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..
  9. John MoffatTutor
    Yes, they are included (and they are all explained in our lectures).
  10. amjad
    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
  11. John MoffatTutor
    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.
  12. Faith
    Hi John,

    Many thanks for the lecture. Why is it that distribution cost isn't considered cost of sale?

    Thanks,
  13. Belinda
    Are dividends a finance cost too ?
  14. John MoffatTutor
    Dividends on ordinary shares are not.

    Dividends on redeemable (i.e. repayable) preference shares are a finance cost.
  15. Kok Hue
    Thanks Sir,
    no problem with this topic .

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