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September 1, 2022 at 12:57 pm
I am wondering why the 1.5 is taken to OCI. I think the revaluation surplus as of the time of transferring to I.P has been realized; hence, should be taken to P&L. Moreover, there will not be any further evaluation, especially, a loss that can then cancel the revaluation gain earlier recorded.
Finally, at what point will the 1.5 in revaluation reserve be realized or taken to P&L?
March 3, 2022 at 10:45 am
in example 5, why has depreciation been shown as a positive figure and amortisation shown as a negative figure? Shouldn’t both depreciation and amortisation be subtracted, giving a P+L figure of (1.2) not (0.8)?
May 11, 2022 at 7:09 pm
Amortisation here is recognition of annual portion of deferred income, so it is an income line, that is positive figure.
Depreciation is a standard expense, that is negative figure.
March 17, 2021 at 7:52 pm
Please how can i get tutorial questions to solve
November 30, 2020 at 6:53 pm
If the loan was funded for the project then why is it not 9/10 months rather than 9/12 months. It does not state anywhere the loan was made available in January.
Or should we assume it is always for a full year unless stated.
Please can you respond.
April 28, 2019 at 5:43 am
is general borrowing cost capitalized or expensed as finance cost
May 24, 2019 at 11:53 am
It is capitalised when the criteria are met.
July 19, 2018 at 6:49 pm
Would watching all these lectures be enough since they are all based on P2 material?
January 4, 2019 at 8:54 am
If the video is still on here then it will be suitable. We will eventually re-record them all so that P2 is not mentioned but given that there is no huge difference to how the accounting standards are examined then we haven’t re-recorded anything just yet.
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