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If you sell more of a product then although you get more sales revenue you also have more costs. So…

I also have the same confusion as I cannot understand why sales variances are done on a profit or contribution…

Consolidated statements are dealt with in a later chapter.

Sir, over here, are we studying the consolidated statement of financial position?

Thank you for explaining everything so well!

The only ‘rules’ are those outlined in our lectures (and we do not classify accounts as being personal, real, or…

Connected stakeholder

yes that’s pretty much what the chapter boils down to, i suggest you go through the study texts by kaplan…

I wanted to appreciate your efforts for providing quality education for free you’re modules are truly help full just had…

Yes, you can use the notes.

in Illustration 1, the trading profit given for the year ended 31 march 2025 is 20 000, but in the…

Hope we can use these notes for December 2026

like thts it? one chapter jst done like tht? can sum1 pls tell cus thts it?

Understood, many thanks for your explanation

The only reason that the question might say to assume 360 days in a year is because it is the…

Hi John, thank you for another great lecture. You note that the exam may ask us to assume less than…

Ahhh understood, thank you for your help

lets start a study group on whatssup 0789775293

In addition to the above, auditors provide reasonable assurance that the financial statements do not contain material mistatements.

They certainly are Section B, sub-section 4. OK?

Yes, they are still relevant.

foe question no 3 the purchase tax is included in 590790 right so if we consider the amt without tax…

bcz it says ‘auditors are responsible to detect it ‘ but auditors can only provide reasonable assurance , its job…

Are these lectures Relevant for the current 2026 exams?

Its sti?l a likely cashflow to be received in the future. The future as a whole needs to be discounted.…

Sorry for being dense but why does the scrap value also need to have the discount factor applied? Is the…

Dear John, brilliant lecture as always. I would like to rephrase EllaZ’s question above. If we recognise 6,000 hours of…

Yes, they are still valid.

Helpful practice questions

are these lectures still valid??