Have a good day, sir. I have a question that if the Prepayments or Accruals guessed last year have a terrible deviation from the true number. As you said in the last part of the video, accounts can change the guessed number in the next year to correct the deviation. Is it legal? Thanks for your answer.
The treatment is certainly legal. (Why should the deviation contain illegal things – obviously if the company has done something illegal then that is wrong, but is nothing to do with accounting?)
Hello, I am student at University of Surrey. I am writing in order to express my overwhelming happiness that I found Opentuition.com It is really a game-changer for me in my studies on Financial Accounting. John Moffitt truly is a legend! I am watching every lecture with pleasure. He describes everything so understandably and clearly that sometimes I just smile while listening to him. I wish I had a lecturer like him! Best regards.
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Thanks sir. Do prepayments exist in both the S.O.P.L & S.O.F.P or?
Have a good day, sir. I have a question that if the Prepayments or Accruals guessed last year have a terrible deviation from the true number. As you said in the last part of the video, accounts can change the guessed number in the next year to correct the deviation. Is it legal? Thanks for your answer.
I mean that the deviation maybe contains illegal things….
The treatment is certainly legal. (Why should the deviation contain illegal things – obviously if the company has done something illegal then that is wrong, but is nothing to do with accounting?)
Hello,
I am student at University of Surrey.
I am writing in order to express my overwhelming happiness that I found Opentuition.com
It is really a game-changer for me in my studies on Financial Accounting.
John Moffitt truly is a legend! I am watching every lecture with pleasure. He describes everything so understandably and clearly that sometimes I just smile while listening to him.
I wish I had a lecturer like him!
Best regards.
Thank you very much for your comment 🙂
good thing I didnt apply to surrey haha