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@vshhao
Hi please don’t get demotivated,getting a 39% doesnt mean u can’t get a 70% when u sit it for the second time.It just means u need to make a strategy.U can do it.Start revising the Kit from now..u will do it dear.Make it work and be confident it will@bimlat94@gmail.com
Congratulations on ur results,I did f7 and passed it on my first attempt too.Im now sitting for AA in June and I was going through this page to see what I can benefit from, thank you.@cadhakan
Hey here u are,,,I told u I’ll update u.Yes I passed ?.For FR it’s all practice.Practicing is key because section C usually has basicly same scenerio question and so u will apply it through out when u have a good practice.FR is actually an in depth of FA so it’s really similar.Hope u passed in FM and F5.@martag1410
From the two (AM AND PM) which of them is 3hrs 27 min away?@cadhakan
I will share with u my experience and btw I’m taking FM this June,please update me how it went too.Have a great evening.@Emszylou
Hey hope ur dream comes true?,,I’ve had a similar dream hahaha.Its bad when u wake up and it’s all just a dreamAll the best from my side .Wish u luck.
@cadhakan
Wow strong F papers u got there,I wish u the best of luck dear.
I suppose it’s 9 hrs
20 minutes remaining.@anurag181294 I’m waiting for my FR too,let’s pray for the best.
@cadhakan I’m not a finalist ,are you?
@cadhakan
That’s a great piece of motivational work,Thank you ,we will all get there.
Have a great day ahead.I have been reading through the comments and felt so weak trying to grasp and understand why people are getting frustrated on just generic emails.You (MR KIM) have been doing a great job telling people that it’s just a generic text sent to all or most ACCA students and that it’s not of any connection to their results.I fail to understand how professional accountants can still be bothered by just generic information even after being told it’s just generic email.People here should just start acting professionally and stop making the ACCA a culprit here.Its as clear as day that we all receive these messages and it’s got nothing to do with you or ur results.For those who are insinuating that ACCA had bothered them and that they don’t act ” professionally” I must say ur just being hypocritical and maybe ur talking out of anger and feelings.The ACCA is the only platform that takes matter professionally,and if being unprofessional means not leaking out generic emails then u don’t fully understand proffesionalism?.
We should all just sit back wait for the results and move on.Stop coming up with unnecessary claims that u “think” might ‘mean’.I understand that there is anxiety to this who receive these emails at first, but it has already been addressed that it’s generic,I see new comments popping up again on the same issue already addressed,I wonder why don’t people just read through the comment section first and see what has been already discussed,before saying the same thing over and over again.
Relax be confident and hope for the best in ur result .Don’t be people who just point fingers so fast to such small issues.Remember we should act proffesional before talking of what proffesionalism should be like.
All the best to everyone out there waiting for their results.@Sarah, i rem i chose 0.74…. But i wasnt sure though.
Thank you so much Sir,,U have no idea how helpful your response was.
Stay blessed always.Last question please.
should the ROU Asset incorporate the deposit payments?
in question 1 and 2?because i remember ROU should have initial payments added to it.
hello sir,a very big confusion here,,,,,
one question subtracts innitial deposits from the lease liability while another similar question ignores the innitial deposits….
I have two questions to show1).On 1 October 20X4, Flash Co acquired an item of plant under a five-year lease agreement. The present value of the total lease payments was $25m. The agreement had an implicit finance cost of 10% per annum and required an immediate deposit of $2m and annual rentals of $6m paid on the 30 September each year for five years.
Calculate the current liability of the lease in Flash Co’s statement of financial position as at 30 September 20X5.
2)7 On 1 October 20X3, Fresco Co acquired an item of plant under a five-year lease agreement. The lease
required an immediate deposit of $2 million with five payments of $6 million paid annually in arrears
commencing on 30 September 20X4. The present value of the future lease payments was $22,746,000. The
agreement had an implicit finance cost of 10% per annum.
What will be the current liability in Fresco Co’s statement of financial position as atThe first question had the lease liability subtracted by the deposit.
The second question had ignored the deposit amount and never subtracted the lease liability by the deposit.
please clear this confusion of mine,thanksHello sir,,,in accordance to the two examples you explained above there is one contradiction that u may have made.Please let me know if im right or wrong.
………You said “A has a balance of $3.4m Dr – so they have 3.4m receivable from B. However, they just sent $1.8m that B did not receive yet. Previous to this their balance must have been 3.4 – 1.8 = $1.6m receivable. So B’s balance will show as $1.6m payable as they didn’t receive the cash in transit yet.
Therefore the correcting journal will be Dr Cash $1.8m, Cr Intercompany $1.8m.
A and B will then show intercompany balances of $3.4m and these can be contra’d.”…….
the last line u made is that the balances remaining which should be contra’d is 3.4m,, however, i personally think the balance which remains is 1.6M.
The other example u made agrees with me,since you also commented earlier above and i quote………..
“So what we do is treat it as it Company B already received the cheque and cashed it – even though in reality they might not do this until 2nd July. If we don’t do this, it’s as if the $6,000 has disappeared into thin air which is obviously not the case when you look at the group as a whole. The journal we need to post is:Dr Cash $6,000
Cr Intercompany receivable $6,000Company B now shows a balance of $4,000 Dr in the intercompany balance. Now the two numbers are the same and we can eliminate them:
Dr intercompany payable $4,000
Cr Intercompany receivable $4,000″……….The balance remaining here is 4000 and not 10000 (In which would have been the case had you used the same style as the first example) .
So which is the correct remaining balance?Thank you in advance Sir.
hello sir,,,what about the interest we pay from the loan notes, should we subtract it from the groups’ retained earnings ?
One question had a loan note consideration and no interest on the loan note was deductable from the group retained earnings
while another question had a loan note consideration of which the interest on the loan note was deductable from the group retained earnings.This confused me whether there was a limitation to subtract it or not.
I went back to the question on which it had the loan note interest NOT deductable and the extra information given on the question in reference to the loan notes was that
“Paradigm Co has
not recorded any of the purchase consideration, although it does have other 10% loan notes already in issue.”does this information actually make the interest NOT deductable from the Group retained earnings?
i fail to understand, thank you in advance Sir.
the above claim was made in relation to this link https://youtu.be/oN8Xd5V5m2Q
