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Treasury shares – ACCA Corporate and Business Law (LW) (ENG)

VIVA

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  1. Thank you so much for these wonderfully engaging and informative lectures… and your insights into some topics, they were quite interesting and fun.. definitely makes studying this topic very enjoyable. 馃檪 I hope you and your loved ones are keeping well and safe in this unfortunate pandemic.. Again, thanks so much for your time and effort.

  3. Thanks so much Mike for all the video lectures delivered by you on this platform. I am so pleased to say that I have gone through all of them alongside with the lecture notes and I am planning to attempt the Law English paper in December 2020 after practicing exam standard questions from a revision kit.

    Is there anything else you think necessary for me to do before the exam? I solicit your reply.

    Regards

  4. Thank you so much Mike I have passed this paper just a few weeks ago and will be attempting another one this coming September. Due certain events in my life i stopped attempting ACCA exams for almost a year and a half. One if which was a loss in confidence to actually finish ACCA due to failing exams a bunch of time in the past. Then I dicided to give it another try with Open tuition. While studying this paper with you Mike I got to not only learn but have fun a long the way. After passing the exam it has given me hope to continue ACCA.

    I hope this inspires other students to continue what we have started already and that we can do it with Open tuition.

  5. Hi Mike,

    I just wanted to leave a quick note to say thank for all the great lectures.

    I sat my LW exam today and passed with flying colours. I owe a large portion of that success to your videos and notes.

    Onward to the PM paper now 馃檪 Thanks again!!

    Stephen

  7. In this lecture the total after removing the 100 shares from share premium and 100 moved from retained earnings to another non-distributable reserve the total is no longer 1100… it becomes 1000

    • The total never was $1,100 and we did NOT remove 100 shares from share premium

      We reduced share capital by $100 and the effect of that was to reduce the buffer fund from $850 down to $750

      So now restore the buffer fund by the transfer from retained earnings to a new undistributable reserve

      The effect of that restoration is to re-increase the buffer fund back to $850 and reduce the retained earnings down to $150

      The mistake that I have made is to write ‘$1,100’ as the adjusted total instead of $1,000

      I even say ‘$1,100’ when in fact the total is (and always was!) $1,000

      But thanks for your input and well done for spotting that error

      I’ll probably not change it by re-recording the lecture – that wouldn’t really be worthwhile because the figures should make sense from the words that I’m using during the illustration

      OK?

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