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February 18, 2018 at 7:02 pm
I keep seeing that the answers in the back of the lecture notes seem to have errors. The answer given for this example says $1,400 should go to revaluation reserve (doesn’t add up correctly), and then also says that there is no impairment but instead it is deducted from the revaluation movement.
Please could someone take a look at them, I have to keep coming back to the lectures to check to your answers when I redo the examples, as the answers in the notes are wrong fairly often.
December 14, 2017 at 6:01 pm
thank you sir for help full lectures.
what about the gain from the NCA held for sale($15,100,000) and $15,600,000 =500,000.
May 21, 2017 at 5:13 am
There is some inconsistency between the solutions you provided in this video and what we have in the study notes. The video had revaluation gain of 1,500, but the study note has 1,400. The video had impairment of 300, but the study note had no impairment. Based on my understanding, I think we should have had a revaluation gain of 1,200 and zero impairment. My understanding goes thus; Carrying amount of the NCA just before reclassification to HFS is 13,900 (i.e. 14,000 – 100); revaluation gain is 1,200 (15,400 – 300 – 13,900). Can you please explain why my understanding is wrong, and confirm which of the solutions is correct (video or study note).
May 25, 2017 at 3:32 pm
Sir,i feel you misrepresented the fair value and carrying value by switching them… And there is no impairment too…aplease which is correct
January 18, 2017 at 10:38 am
Great Lecture. Thanks a lot
December 2, 2016 at 5:03 pm
This example was from a past paper question, It was tested in December 2014 Q1, vi).
October 15, 2016 at 7:27 am
I think everything is now in order. Hopefully it hasn’t caused anyone too much stress.
May 31, 2017 at 6:48 pm
In the December 2014 Q1, vi) the note provides a value in use figure as well. I am confused as to why it is there. Is it simply just trying to confuse the reader as you don’t use this figure in the Q?
October 20, 2017 at 7:29 pm
Have the notes been amended please? I am not sure how the 1400 is calculated as the gain on revaluation. I am getting 1200.
September 30, 2016 at 2:41 pm
Thanks very much for your videos, very informative.
September 21, 2016 at 6:41 pm
Thanks for pointing it out folks. We’ll do our best to get it sorted in the next few weeks.
Thanks too for the kind comments, glad that you’re finding the lectures useful.
September 21, 2016 at 9:01 am
Dear Lecture Thanks a lot,
Kristian me too i noticed it , i think they will change it asap
September 20, 2016 at 3:18 pm
Good Day Sir,
Firstly I would like to say thank you for the lectures, they are helping tremendously.
I noticed that lecture 12 and 14 are duplicated (IFRS 5) and that IAS 36 video is missing maybe indicating that it was supposed to be IAS 36 to be uploaded in stead of IFRS 5 twice.
Thanks again for the lovely videos and if I see any more duplication of videos I’ll bring it to your attention.
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