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August 9, 2020 at 11:04 am
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.
December 6, 2019 at 1:18 pm
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 🙂 Thanks again!!
September 29, 2019 at 2:47 pm
Asif, 70% is a mark to be proud of – don’t knock it
Well done … onwards and upwards
September 20, 2019 at 11:30 am
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
September 20, 2019 at 12:13 pm
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
September 21, 2019 at 6:31 pm
Ok, no harm done. 🙂 Loved all your Lectures. Going for exam on the 26-09-19 for F4. Wish me luck. 🙂
September 21, 2019 at 10:29 pm
I shall wish you luck if you really think that it will help you!
Good luck (but you won’t need luck if you’ve put in the hours with a revision kit!)
September 29, 2019 at 8:34 am
cleared with 70%…. was trying for higher but will do. 🙂 thanks
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