The Statement of Financial Position and Income Statement (part d)
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Good day Sir. Great lecture. I presume from the lecture that it is correct to say that the Cost of Sales is a subset (part of) of Revenue Expenditure. Is that correct?
Secondly I hear a lot about CAPEX, OPEX & COST OF SALES, will it be correct to say that Revenue Expenditure = Cost of Sales + Operational Expenditure (OPEX)?
CAPEC and OPEX are not terms that have any relevance for Paper FA. The cost of sales is revenue expenditure.
Many thanks for your clarification Sir.
passed foundation level in 3 months,thank you sooo much sir
That is great news 馃檪
God bless you, sir!
Thank you 馃檪
Can’t drawings be considered to be negative capital introduced to further simplify the “2nd” accounting equation?
They are effectively negative capital. However we do have to show them separately on the SOFP. Also, they will be given separately in question testing you on the accounting equation.
Great lecture Prof.
How about costs of acquiring a capital expenditure eg; vehicle, the whole expenses involved In acquiring it like shipment costs. How do we cost it?
This is all explained in later lectures 馃檪
Hello, great and very understandable lectures, thank you so much! Just one question: when we buy a current asset such as inventory, is it a capital o revenue expenditure?
Inventory is revenue expenditure – we are not intending to keep it and it will be sold to earn revenue.
Prof…I never imagined it to be this easy..thank you.
Sorry sir,
i can’t find the FA MCQ test after click on the link in the note,
is it changed to other name ?
Here is a link to the test:
https://opentuition.com/acca/fa/fa-chapter-2-questions/
Appreciate ,
one more video completed,
move on .
Thank you professor. Your lecture is really easy to understand.
Thank you for your comment 馃檪
Thank you have understood the equations
I have not heard your lectures on any of the skilled level courses yet, but i can certainly say that you are excellent apt and very understandable in the areas of Financial and Management Accounting. Thank You
where is the FA MCQ test
Thank you sir for everything you’ve done for us. I find your lectures and notes very helpful all thanks to your way of explanation.
Thank you for your comment 馃檪
I have just signed up to open tuition and I am going it. Thank you Sir John, my exam is 28th Oct so working hard to get through the lectures.
You explain each and every concept so clearly. Thank you so much sir.
In India there are very less coaching institutions for Acca and your video lectures helped me a lot
Thank you for your comment 馃檪
Thank you very much, it is so easy with you 馃檪
Thank you for your comment 馃檪
Very clear and easy to understand Lecture.
Thank you for your comment 馃檪
Such a clear and joyful lecture. You are making this so very easy to understand, thank you so much for your help. 馃檪
Thank you for your comment 馃檪
Thank you so so much, you are the best lecturer, i wish we could have you in our class !!!
Thank you very much for your comment 馃檪
I second that
Sir, I watched all videos in this chapter, then tried to do some Kaplan tests related to this chapter and I found some questions that your lectures does not include.
Are that questions redundant or should I use any additional material to be confident I will not meet anything new at exam?
You will have to say what the questions are!
(But post in the Ask the Tutor Forum – not as a comment on a lecture 馃檪 )