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Sirs/Madams,
This is best revision course available I have come across.
Owing to time constraint and work commitment, I need your guide and sincerely wish you well prepared.
Any body could you please help me if you will kindly send me the Mock Exam Q & A for December, 2012 P2 Exam.
I am on long and far works assignment in China and need your instant help, expecially chat forums and reports i need to update preparing for this coming exam.
Thankyou very much.
Mike I have an issue or two between how you explain it and what the answer at the back of the notes shows. Although the video stopped you do still explain the figures you use and where they go but I found two differences:
1. Saulius : Expenses use the entire 3,000 figure not apportioned in the book answer
2. The tax is the opposite apportionment for Saulius is not included in book answer its just 5,000
Are both methods correct, they come to the same figure but it seems to be a case of apportioning when you think you need to rather than following a set method. Both scenarios apportion on one occasion but not in the other. Please help
Hey i get so confused after watching the joint venture treatment. Can you help me out with this lecture please. I think that this lecture needs to be updated. Please respond soon.
@hamzahmoazzam, Have I not updated the Joint Venture lecture? I’m sorry. Thankfully it’s only a tiny part of P2 and so rarely comes up in the exam. The changes you refer to are that, when accounting for a joint venture, the investor MUST apply equity accounting – proportional consolidation is no longer an option.
any of you use Emile Woolf publishing study text? ever heard of it? im using it and wondering if it is the best. I like it so far though. kindly comment if you have used it.
The video isn’t working properly, black out half-way?
june’s coming closer and closer, these lectures have always helped us immensely but this ias 28 issue relating to jv has terribly confused us, kindly look into it mike/admin….
Any help in this regard would be highly appreciated!
@Saad Bin Aziz, I’m a little confused too. Does the comment from Mike way down below mean we treat Saulius like Alex i.e. a single line showing our share of the PAT of Saulius added to Danuta’s PBT in their ConSOCI? How I love acronyms.
Dear Mike ,
After reading the comments below i am confused terribly as to whether this lecture is still valid? i mean are we not supposed to consolidate revenues and all? and only do it like associate accounting?
And yes , the video blanks out after 28th min,…..
Hi. Can anyone send me question 52 in Kaplan revision kit. My book is BPP.
after 28 mins there’s nothing to see
Is the server down today? I only seem to be able to view the lectures for simple groups
these new style videos arent working properly..these do stop automatically several times…..during lecture…
Blame your Internet connection
The video is censored/blank after 28 minutes, Please OPENTUITION can you fix that problem, I’m enjoying the lecture! Big up to Mr Little!
Same here, no images 馃檨
Hi,
please can someone tell me for revenue calculation why we calculating 1/4 of $20000 (i.e one fourth of JV)?
@osru, we only need to include our 25% share of the joint ventures revenue in the consolidated statement of comp income. The JV is Danuta and 3 other co’s so each co has a 25% share.
@amalone, arent we supose to do joint ventures on equity accounting,
why we are consolidating revenue!
@affera, yes, it should be equity accounted. I thought I had removed the Danuta example – or at least amended it. I have no time to change the notes before June. Apologies 馃檨
@MikeLittle,
okay thanks,
Unable to view the lectures. Please help
@jordaine2011, get the latest adobe flash using Google chrome
it baad ! censored at the end
that is not the case earlier it was shown
its censored!!!
can anyone help out d picutures is not showing after 28mins…….
the picture of working is not coming after28 mins of recording
can anybody tell me what is this INCA and TNCA stand for?
Intangible Non Current Assets
Tangible Non Current Assets