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

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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 🙂 🙂

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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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