[6shahir]

Q. Suppose a Company has made a intial non refundable deposit made to a land which they will be using it for 50 years.
This classifies under IFRS 16 based on the agreement and my question is how would you account for this, coz clearly there is no lease liability ryt?

What is the accounting treatment of this?

Monthly rentals= Rs 40,021
Discount rate= 0.88%

This is actually a practical scenario which Im engaged with.
Thanks.

[6shahir]

Hiya, @ds3ce

My studying method is very simple. I focus alot on kaplan textbook and thoroughly understanding it. Kaplan is very very important as theory subjects you should know the content. Weekends are very important if you are working, so I used to plan the weekdays for my weekends on what chapter to study and revise and practice on.

When it comes to my past paper practices, I read the question and scan through the answers at the back ,then form an answer in my note books.Remember this method only works when you have a good memory power sigh:P, yeah thats how it is.
I have failed only p5 p3, got through it in the second attempt.
And one more thing, my method may not work for you, you just have to find your own method.
Cheers Good luck!!!

[6shahir]

First of all, all praise to God!. Im done with ACCA and just the joy is elating to my head.
Thanks OT for their help and support. My Plevel marks
p1-66
p2-67
p3-70
p4-68
p5-57

P5 is kinda hard if u cant time it.
Cheers folks and nothing is impossible.

[6shahir]

Okay I’m just gonna remember last yr non cash expenses add to the current yr opening CE ..
Can u ask me some questions regarding this? To make it real perfect.
I hate transfer pricing and EVA questions.

[6shahir]

1. Not clear on allowance
2. Non cash expenses we don’t deduct it from profits okay, but why do we add it back to CE? Confused

Plus CE equals to to total assets minus current liabilities . Non cash expenses what’s the link here

This seems a small question but I don’t get it

[6shahir]

As per the Kaplan text, in 20×0 they add 6 and add 5 for allowance for doubtful debts why is that ?

Plus why do u add last yr non cash expenses to 20×1.
I don’t understand pls do clarify

[6shahir]

Hiya, I have p5 kaplan textbook which is for june 2017 can I use the same for june 2018.

[6shahir]

Oki when you go thru regret mattix table, I went horizontal way where I got Choice 1.
I did went thru the lectures and found it helpful but its just the gut feeling I wanna make it a 100% correct.

[6shahir]

As per yr example, the max of regrets will be 900, 1k 1.5k , so minimum out of this is 900 ? Am I correct?

[6shahir]

I understood this but, to clarify further you placed the zero in the table where the best outcome is.. Then as per economy the outcome changes and our mindset will be kicking on wish I could have made a different choice.
Is that how it goes ?

[6shahir]

The Z score Model, where it includes alot of variables..
Eg: 1.2X1

Are we supposed to remember the 1.2 the amount plus what X1 stands for also- Working capital/total assets?

[6shahir]

Okay thanks, just to clarify since there was a question

[6shahir]

Where is this question found?

[6shahir]

Congrats to all those who have passed, those who are not don’t worry this is not the end of the world.

I got 67 and this feeling is actually sinking right now. I’m soo much elated and passing in the first attempt is an amazing feeling 🙂

[6shahir]

Hmm I was expecting a balance sheet consol, as soon as I saw PL I got flared up, but as I progressed towards the answer it was kinda okish and did well in section with operating segments and Ethics can score a high 35s in section A .
BUT section B is a complete disaster here and there points and definit ions and few explanations. Fingers crossed but have lost hopes . 🙁

[6shahir]

what do u mean by 6 of each question?

[6shahir]

Can I use june 2017 revision kit for December sitting?

[6shahir]

Can you tell me yr tips for 69m?
I wanna score high in this paper bro
Im planning to do p2 p5 in Dec
My average in Plevels is 68.6m considering three subs (p1 ,p3 , p4)

[6shahir]

Hiya,
I have failed this paper twice and I would like to share my experiences on my third which was a successful attempt. I got 44 then 48 and a massive jump to 70m.
When i did the paper for the first time i never studied properly i just simply scan through the notes and scored 44 and the second attempt I tried harder even proper timing and all and still got 48, I was actually annoyed with myself for putting effort and failing the paper.
You know what I did for the third Attempt i just simply forgot that I have failed this paper twice and stdied like a Amateur from the start I’d never timed a single one for the third attempt I just felt Confident enough to pass.

Whenever I feel down , I always listen to those motivational Videos to pull my energy up, my advice to u guys once I was in the same boat its better u guys to form notes from the textbook and memorize those and further Do atleast 5 yrs of Revision kit Papers.
Thats it hope u guys get thru. I had been in this situ this worked for me, trust me 🙂

[6shahir]

Thank you Opentuition I got thru with 70s, it wouldnt be possible without yr help 🙂

[6shahir]

yeah im gonna do like this i have my own short notes from kaplan read that and attempt all questions from the exam kit and considering to do p2 along with p3 in september so would u ask me to do both or do only one considering my third attempt

[6shahir]

so i go thrug open tuition lectures and do the exam kit ?

[6shahir]

i have p3 p2 p5 left, i failed p3 twice and scored 48m in the recent exam, and im working in an audit firm as well, im gonna do p3 p2 this September ,can u give me some tips pls thank you 🙂

[6shahir]

thats a tough work 🙁

[6shahir]

Could pls answer me sir?

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