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
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 🙂
Great lecture and study notes I have finding these broken down lessons very easy to digest. Thank you again.
Thank you for your comment 🙂
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 🙂
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 🙂
Thank you sir.
it’s very interesting
thanks for the lesson
Thank you for the comment 🙂
Extremely good lecture. Simple breakdown of a key concept
Thank you for your comment 🙂
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 🙂
Super thank you for that
You are welcome, and thank you for your comment 🙂
tindi: Thank you very much for your comment 🙂
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 🙂
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 🙂
Thanks for the post 🙂
It’s really helpful.
very good lecture
SUPER SUPER LECTURE
Thank you for the comments 🙂