The Statement of Financial Position and Income Statement (part a) – ACCA Financial Accounting (FA) lectures
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>
Hi I don’t seem to understand the last parts where you check on the profit( I don’t understand where those figures come from) kindly explain
I have a question on H( the business pays$600 of the amount owing) does on account means on credit ?
No it means on account of the amount they owe (i.e. they are making a part payment of the amount owing).
okay understood,thank you
You are welcome 馃檪
Great lecture and study notes I have finding these broken down lessons very easy to digest. Thank you again.
Thank you for your comment 馃檪
I have a very basic question, I am having trouble choosing a calculator which will be accepted in my exam. I am currently using casio FX-991ES. If there is any other calculator I should be using, please do tell me. Thanks.
For Paper FA, and basic calculator will do. For later exams you need a scientific calculator, but again any will do (provided it only displays numbers and no letters).
Sir you have given me more understanding of some key concepts
Great 馃檪
I passed all my exams around 8 months back, and I owe a huge part of it to this man and Opentuition.com
Many congratulations, and thank you very much indeed for your comment 馃檪
Thank you sir.
it’s very interesting
thanks for the lesson
Thank you for the comment 馃檪
Extremely good lecture. Simple breakdown of a key concept
Thank you for your comment 馃檪
Very nice Lecture, understood as whenever I think on preparing The statement of Financial Position – early so called Balance sheet and Statement of profit or Loss, I should take into mind the concepts what will be the effects of business transaction “what a business own and owes”
Thank you for your comment.
i have been taking this paper years but i didn’t catch it up like this thank you sir.
You are welcome 馃檪
Super thank you for that
You are welcome, and thank you for your comment 馃檪
tindi: Thank you very much for your comment 馃檪
Well explained. The step by step approach works very well for me given accounting is a new domain for me.
Thank you very much.
agathar: Thank you for your comment 馃檪
Well explained and well understood. Thank you
Continually impressed by the quality of this lecturer.
Kathie sold goods with a list price of 18500 to Martha on 22 may 20X0 Katie allows a trade discount of 15% what accounting entry should Katie make in the statement of profit and loss account to record the total receivables in respect Sir please answer this question how could I solve this problem
Please ask questions like this is the Ask the Tutor Forum and not as a comment on a lectures.
The entries for this are explained in the lectures on IAS15.
Great 馃檪
Thanks for the post 馃檪
It’s really helpful.
very good lecture
SUPER SUPER LECTURE
Thank you for the comments 馃檪