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Interpretation of Financial Statements part b – ACCA Financial Accounting (FA) lectures

VIVA

Reader Interactions

Comments

  1. vasajad says

    January 22, 2024 at 10:59 am

    (NOT important) video duration is shown as 29 mins in index. its only 26 mins.

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  2. JonatLa says

    September 25, 2023 at 9:30 pm

    Good evening Mr Moffat, You Rock! A message of thanks for making the online lectures nicely progressive, and good to follow. Today passed my FA at the Online Exams centre in Peterborough! Tomorrow my boss will ask when I’m sitting the next one… but today was great! Cheers!

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    • John Moffat says

      September 25, 2023 at 11:16 pm

      Thank you for your comment, and congratulations on passing your exam – that is great news 馃檪

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  3. Ziggystardust says

    June 14, 2023 at 2:05 am

    Hi John, a quick question.

    If inventory’s realisable value is lower than the cost, are we still to going to put Cost of sales in the denominator to calculate inventory days?

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    • John Moffat says

      June 14, 2023 at 9:02 am

      It would be better to use the cost of the inventory for this purpose (although I would be surprised if you were given that information in the exam).

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      • Ziggystardust says

        June 18, 2023 at 1:15 am

        Noted. And thank you for responding!

  4. L.Thenuka says

    January 6, 2023 at 8:56 pm

    Dear John,

    In case the question has provided both opening & closing Inventory for Both Years, Which one should we use to calculate Inventory Turn Over?

    Thank You!

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    • John Moffat says

      January 7, 2023 at 8:05 am

      The closing inventory

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      • L.Thenuka says

        January 17, 2023 at 7:46 pm

        Thank You for the response! 馃檪

  5. ARKS says

    October 10, 2021 at 2:26 pm

    Hi Sir,
    My name is Arjun
    I have passed my f3 paper with the help of your classes and notes along with BPP revision kit.
    Thank you so much for supporting me.

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    • John Moffat says

      October 10, 2021 at 3:11 pm

      That is great news. Many congratulations on having passed the exam 馃檪

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  6. Ermali says

    August 11, 2021 at 9:05 pm

    hello sir, is it possible to explain how to calculate the avg of the receivables? ( i suppose the same will be valid for inventory and payable)

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    • John Moffat says

      August 12, 2021 at 9:28 am

      As always, to get an average you add the amount at the start of the year to the amount at the end of the year, and then divide the total by two.

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  7. sabya2k says

    January 4, 2021 at 9:40 pm

    Sir, in gearing and leverage ratios, are reserves also included in share capital?

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    • John Moffat says

      January 5, 2021 at 7:09 am

      They are included in equity. Equity is share capital plus reserves.

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  8. BOOBOOMAN says

    November 7, 2020 at 5:09 pm

    Hi Sir,
    Bit confused about the inventory days formula. why is it inventory divided by cost of sales to be accounted as the inventory percentage of the year? instead of inventory divied by the total value of cost of sales plus inventory showing the percentage of inventory unsold for the financial year?

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    • John Moffat says

      November 8, 2020 at 9:52 am

      because we are calculating how many days it is taking to sell the goods

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  9. John Moffat says

    February 27, 2019 at 4:06 pm

    These formulae are not provided in the exam.

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  10. meister says

    February 27, 2019 at 2:00 pm

    Hi Sir,

    Quick question : Are these formulas provided in the exam or are we expected to memorise them?

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