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The Statement of Financial Position and Income Statement (part d)

VIVA

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Comments

  1. tasha says

    January 25, 2022 at 8:38 am

    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)?

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    • John Moffat says

      January 25, 2022 at 3:13 pm

      CAPEC and OPEX are not terms that have any relevance for Paper FA. The cost of sales is revenue expenditure.

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      • tasha says

        January 25, 2022 at 7:50 pm

        Many thanks for your clarification Sir.

  2. abdull582 says

    December 9, 2021 at 6:49 am

    passed foundation level in 3 months,thank you sooo much sir

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    • John Moffat says

      December 9, 2021 at 4:53 pm

      That is great news 馃檪

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  3. fayazovhasan says

    November 12, 2021 at 12:57 pm

    God bless you, sir!

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    • John Moffat says

      November 12, 2021 at 5:30 pm

      Thank you 馃檪

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  4. takudzwabf says

    May 25, 2021 at 12:33 pm

    Can’t drawings be considered to be negative capital introduced to further simplify the “2nd” accounting equation?

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    • John Moffat says

      May 25, 2021 at 1:56 pm

      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.

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  5. zojessy says

    May 17, 2021 at 6:14 pm

    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?

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    • John Moffat says

      May 18, 2021 at 8:11 am

      This is all explained in later lectures 馃檪

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  6. maagdaa says

    May 16, 2021 at 10:13 pm

    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?

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    • John Moffat says

      May 17, 2021 at 8:19 am

      Inventory is revenue expenditure – we are not intending to keep it and it will be sold to earn revenue.

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  7. An101 says

    October 6, 2020 at 8:06 am

    Prof…I never imagined it to be this easy..thank you.

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  8. tkhue3296 says

    August 4, 2020 at 11:09 pm

    Sorry sir,
    i can’t find the FA MCQ test after click on the link in the note,
    is it changed to other name ?

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    • John Moffat says

      August 5, 2020 at 8:08 am

      Here is a link to the test:
      https://opentuition.com/acca/fa/fa-chapter-2-questions/

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  9. tkhue3296 says

    August 4, 2020 at 11:01 pm

    Appreciate ,
    one more video completed,
    move on .

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  10. Kin says

    May 15, 2020 at 2:05 pm

    Thank you professor. Your lecture is really easy to understand.

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    • John Moffat says

      May 15, 2020 at 2:52 pm

      Thank you for your comment 馃檪

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  11. kandiero says

    April 15, 2020 at 12:42 am

    Thank you have understood the equations

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  12. kimbrianna@gmail.com says

    February 16, 2020 at 8:00 pm

    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

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  13. mohd1994 says

    January 20, 2020 at 5:26 pm

    where is the FA MCQ test

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  14. rajsaranp says

    January 8, 2020 at 9:28 pm

    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.

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    • John Moffat says

      January 9, 2020 at 7:30 am

      Thank you for your comment 馃檪

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  15. artipha says

    October 2, 2019 at 7:02 am

    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.

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  16. kanishi says

    September 5, 2019 at 5:33 pm

    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

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    • John Moffat says

      September 6, 2019 at 8:46 am

      Thank you for your comment 馃檪

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    • khristova says

      September 18, 2019 at 9:48 am

      Thank you very much, it is so easy with you 馃檪

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      • John Moffat says

        September 18, 2019 at 1:33 pm

        Thank you for your comment 馃檪

  17. emilyvint says

    August 11, 2019 at 1:53 pm

    Very clear and easy to understand Lecture.

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    • John Moffat says

      August 11, 2019 at 4:32 pm

      Thank you for your comment 馃檪

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  18. Onur says

    July 1, 2019 at 11:07 pm

    Such a clear and joyful lecture. You are making this so very easy to understand, thank you so much for your help. 馃檪

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    • John Moffat says

      July 2, 2019 at 6:27 am

      Thank you for your comment 馃檪

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  19. ollmir says

    May 3, 2019 at 8:47 pm

    Thank you so so much, you are the best lecturer, i wish we could have you in our class !!!

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    • John Moffat says

      May 4, 2019 at 5:08 pm

      Thank you very much for your comment 馃檪

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    • Asif110 says

      September 15, 2020 at 4:54 pm

      I second that

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  20. vdmjv says

    October 21, 2018 at 8:42 pm

    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?

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    • John Moffat says

      October 22, 2018 at 6:10 am

      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 )

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