[andreaskraken]

Why is December 2022 not paid yet…if december 2022 is not paid yet…them jan feb and march of 2023 also would not have been paid yet right???

I’m sorry for the earlier question I meant I was confused about the 40 comes from not the 120

[andreaskraken]

Oh yeah thank you professor…i’ve actually watched all your videos and lectures and even had done my FA exam using the help of your videos and passed with an 84% with the help of opentution

It’s just that I’ve forgotten some of the basics now so I’m just revising it again since it’s been a long time i’ve studied the basic concepts

[andreaskraken]

But isn’t 25/125 when you convert from markup to margin

when it is markup it is 25/100 and we convert it to margin it is 25/125
Is that what was done here???

[andreaskraken]

Thank you very much

I find it much easier to do questions in regard with redeemable debt now 🙂

[andreaskraken]

ohh okay I understood

Thank you very much for helping me 🙂

[andreaskraken]

Oh okay thanks it’s there in the notes like you said 🙂

[andreaskraken]

Yes I understood already that this is a purchase and that there is no difference between Registered and unregistered for purchases

But since this is a purchase isn’t it supposed to be
Debit purchases
debit Vat
credit trade payables

Instead they have only given two entries which is usually only done for unregistered businesses

[andreaskraken]

mr.moffat please solve this doubt I have please..i’ve booked my exam already and I really hope you asnwer this soon since it is a very important question for me and I don’t wanna be stuck in the exam room with this doubt

Thank you

[andreaskraken]

Hi I just now also went through the free lecture notes but I couldn’t find anything in regard with registered or unregistered businesss

[andreaskraken]

Yeah I’ve watched that lecture..i think I might have forgotten it since it was some time back since I last watched it..i’ll watch it again 🙂

[andreaskraken]

Oh ok so in the exam centre would it test stuff that are in the BPP kit but not there in the kaplan ??

eg- in regard with Teleological ethics or Radical perspective and conflict view

This isn’t there in the kaplan kit and I’m worried that this could be tested in the exam centre since I don’t use the BPP text kit

[andreaskraken]

Oh alright thank you very much

[andreaskraken]

Ah so that means that external auditrors cannot determine their own scope of work??

[andreaskraken]

Yes I haven’t watched the lecture on this
I thought there wasn’t a necessity for me to watch it since I thought I knew consolidated statements well
But apparently I realized from this question that I’m still weak in this so I will watch the lectures for this also

Also yeah the reason I asked whether or not the ordinary shares are combined was because I saw a question in the kaplan where they have actually combined bothe the subsidiary and parent

That’s what confused me up when I found that in the BPP kit they have done no such thing when they show shares in SOFP

[andreaskraken]

Yes that”s what I also thought

I meant to say that the second quote was saying “false”
I think I accidentally typed it as false

The book answer in kaplan said it is false

I don’t know why it said false since all class of assets are supposed to be revalued right???

[andreaskraken]

Oh alright
I understood now thank you

[andreaskraken]

Oh okay so 25000 per year is not relevant to accruals or prepayments I suppose

Also I have watched the free lectures on accrual and prepayments..I think I must watch it again because I’m really weak in this area of the syllabus

[andreaskraken]

Yes I am using the exam kit
This question is infact from the kaplan exam kit

Uhh ..also you said “The accounting equation is true because all the assets (less the liabilities) are owed to the owner.”

But the statement ““business assets include proprietor’s capital” is false in the kaplan book
You’re saying it’s true but the revision kit says it’s false…that’s the part I am confused about because even I wrote “true” for that answer

“f you are watching the lectures then you do not really need the Study Text – the lectures are a complete free course”
Yes I do use your lectures since I find it much more convenient than the textbook..I even gave away my textbook back to the library 🙂

[andreaskraken]

Oh okay thank you very much I understood now

[andreaskraken]

Oh okay thank you very much for answering

I just checked the notes on IAS 37 and you indeed have stated to recognize it if it is a contingent liabiltiy

Now I have just another small thing just to clarify

Sometimes the textbook says the revision kit says the word provide instead of recognize (which was in your lecture notes also)
I suppose it essentially means the same thing doesn’t it??

I’m not sure whether my thought was correct..just wanted to get it check from you
Please correct me if i was wrong about my thought

[andreaskraken]

Oops I’m sorry
I meant to say option B
I think I already wrote that I understood the logic behind option A

I meant to say that I didn’t understand the logic behind option B

Once again so sorry for the inconvenience

[andreaskraken]

Yes I have watched the free lectures

I understood the concept and everything
I think I just had a problem in my english I think when I tried the question

But now I understood
Thank you very much

[andreaskraken]

Oh okay alright I understood thank you very much

[andreaskraken]

Oh okay I understood now

[andreaskraken]

Oh okay thank you very much
I understood the mistake I made now

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