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

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Comments

  1. elviskhupe62 says

    March 31, 2023 at 2:12 pm

    Thank you so much Professor you are the best just passed FA exam today 31/03/23 representing from Ireland/Zimbabwe

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    • John Moffat says

      March 31, 2023 at 3:36 pm

      Thank you for your comment, and many congratulations 馃檪 馃檪

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  2. gareisha27 says

    November 5, 2019 at 11:55 pm

    Hey, why did you use profits from operations and not profit before tax to calculate the net profit ratio?

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    • John Moffat says

      November 6, 2019 at 7:03 am

      The company does not control the tax rate and so taking the profit after tax is not measuring how well the company is being run.

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      • muddyzaahid says

        November 18, 2019 at 7:03 pm

        Hi john,

        So i understand that the company has no control over tax, but that is taken in account after profit, i need to know why you chose “profit from operations” for ROCE when the want the “profit before tax”?

        Thank you in advance

  3. danielwardle42 says

    December 7, 2018 at 11:41 am

    Hi John,

    is the capital Employed the same as Total Long term Capital?

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  4. nimmonen says

    September 1, 2018 at 1:18 pm

    Why is the ratio called “asset turnover” when you working with sales and long term capital?

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    • John Moffat says

      September 1, 2018 at 3:29 pm

      Long-term capital is equal to the net assets. I explain the relevance of the measure in the lecture.

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