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Hi,
I know I ain’t the tutor but no you will not be penalized. As long as you explain the standard correctly you will gain marks for it
It is finished. Finally an affiliate!
God bless the open tuition team. And God bless you Mike Little. This website has been an inspiration throughout my ACCA studies. Is there a forum I can post to express my gratitude for the people that run this website?
The legend ends here folks.
To those that failed, never give up because success is just around the corner.
Trust in yourself and believe you will do it.
My love to all !!
Hi,
I would recommend LSBF in Holborn, London. Paul Merison lectures for the P7(int). You can opt for online classes as well, they use an interactive platform which is quite good. Have a look at their website if your interested. If you do, I suggest you buy the printed materials if you decide to join them online.
Haha your always welcome here (thumbs up).
Ok, so I read your reply to Kerrymag. It’s very informative but where can I have a look at the articles you mentioned, ie the ones written by you and the p4 examining team (4 articles). A link would help.
Recent posts in the exam result page. Is that in the opentuition website?
In reference to IAS/IFRS standards, is there any website, notes, that provide simplified explanations that can help instead of revising the large P2 content?
Thank you.
Passed with 53%, shocked but pleased.
For those who failed, never give up cause success is just around the corner!A not-for-profit “NGO” they say.
Should rephrase that, what do you think Wilson?
Thank you so much for the boost Mike.
God bless you, sincerely from the bottom of my heart. 🙂
Yes you have boss !
Lol what was that all about? I’m sorry, I’m from Malaysia so I’m not familiar with that quote, however I know its from a famous BBC sitcom.
(your prob. too young to appreciate that quotation.. Lol, what does that mean? Do my questions feel as if I was him?
I’m so worried Mike. ALL im thinking about is not getting through this paper!!
Now that I’m not too sure mike, was it?
Now my concern is adding the fv of the nci after the coi or was this illustration just for a foreign subsidiary?
Oh god !
Hey Mike,
I’m terribly sorry. It was chapter 12, its been a rough few days here.
‘ETY’ = EQUITY !
Get it now.
In reference to the G/W calculation, why wasn’t the FV of the NCI of $42,857 added after the cost of $100,000? I’m confused here.
In the printed answers, the $42,857 was added after the cost of investment, but as per lecture it was not added after the cost B/F and C/F.
Understand ?
Also,
Why in the CSOCIETY for the TOTAL column we only included $322,581 instead of $385,161? The LTL and CL were not included. Why?
In reference to my previous question. Do we do the G/W this way just for foreign subsidiary consolidation?
Ok noted. This is just for a full disposal right?
The gain in parent figure is not used anywhere for partial disposals right?
Perfect. Your the KING Mike.
If D&L had a gain in the group, instead of a loss, do we include both figures of the gain in parent and gain in group when calculating Cons R.E.?
For e.g. – Gain was $35,000 and loss was (152,500). Let’s say gain was 152,500. Do we add both $35,000 and $152,500 in the Cons R.E.?
Lol,
BUT, why in example 3 for Diana & Liga,(D&L) we calculated the gain in parent of $35,000 and included that in the Cons R.E. There was a loss in the group of (152,500). Lets say there was a gain, will that figure be included in Cons. R.E as well?
We couldn’t have got that figure without working out W3A Gain in Parent for D&L.
So ultimately, for complete disposal MUST we workout gain in parent?
AND for partial disposal can we ignore that working?
What’s best? Just include them all anyway? Any shortcuts to this?