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May 8, 2020 at 11:19 pm
Thank you so much. can you direct me to where i can get questions and exercises to practice for the exams…
April 18, 2020 at 7:38 pm
Hello Tuitor ..i so appreciate the clarifications made however what happens if the NCA to which the grant relates is revalued.
January 25, 2020 at 6:40 pm
Is it permissible to write off the grant against the cost of the NCA and depreciate the reduced cost.? i.e annual dep’n is ($10m- $2m)/10yrs= $800k.
December 18, 2019 at 5:41 pm
Why are we taking $1,600 to SFP in year 1 instead of $1,800?
July 2, 2020 at 1:20 pm
We have split that 1800 into current and non current liability. So the 200 will be payable in the next 12 months, and we have classified as current liability and the rest of the amount i,e 1600 classified as Non current liability(payable after 12 months)
August 18, 2019 at 3:41 pm
Hi. I have one doubt. Are we not suppose to show Bank account 2 million in the SFP?
October 26, 2019 at 7:30 am
Yes we certainly would. The entry would be Dr. Bank 2 million to Cr. Deferred income 2million.
October 26, 2019 at 7:31 am
So, accordingly you’ll show an increase in the bank balance in your SFP.
May 4, 2019 at 8:15 pm
Hi, technically speaking, income is a CR to the SPL, so I would use a negative figure, and a positive figure for the expense (as expense is a DR balance). Would I lose marks for this? thanks
May 20, 2019 at 2:25 pm
You don’t need to prepare extracts from the financial statements in the exam, so this wouldn’t be an issue. What you would need to do in the exam is make sure that you add/subtract the figures correctly to the amounts already held in the trial balance.
March 19, 2019 at 3:53 pm
Hello, What is a systematic basis?
January 19, 2019 at 10:00 am
hi, is or should the government be directly related to the purchase of PPE?
January 15, 2019 at 8:10 pm
Hi, do you have some example question for, if the government grant become repayable.
September 12, 2018 at 4:44 pm
HI The split of CL and Non current liability 1800 – 200 = 1600, is the 200 depreciation of the differed income?
December 31, 2018 at 1:15 pm
Yes, in the next reporting period another 200 of the deferred income will be released and so this is the current amount and what is then left is the non-current amount, i.e. the 1,800 – 200.
July 18, 2018 at 1:46 pm
i have just one question , i am studying from the BPP book which is up to June 2018 , are there any changes to the book? , second of all are there any BPP lecture based or are these enough ?
December 31, 2018 at 1:14 pm
There have been changes to the syllabus, with the main one being the introduction of IFRS 16.
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