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Hello are these for Taxation? Where can I find lectures for Advance taxation? any advice how to start study. Thank you
Hi
I know this can be very confusing, it took me a while until I understood. This is my approach, if you buy currency, you buy at high price. You buy currency, when you export, so your clients pay in different currency. In this case you need to buy; in other words, exchange dollars against pounds, but if you are selling, selling pounds so that you can get dollars, the bank will offer you the lowest price. The bank never looses.
To answer your question:
PKA 12/07 : PKA needs to pay to a foreign suppliers $250,000. PKA needs to sell euros(home currency) and get dollars. Therefore the bank will pay its euros at the lowest price, spot rate 1.996 and forward rate 1.975.
Pilot paper:
In this question you need to calculate the expected receipts, so we are selling dollars (received by customers or exports) and getting pounds. The bank will give us the highest rate so that we get less pounds for every dollar.In conclusion, Buy high +
Sell low –I really hope this help and if you have any other question, I am happy to help.
Good luck in your examHi Mosingh, Business valuations is highly examinable, look at the past exams and get good understanding, it will come out in the exam. https://www2.accaglobal.com/students/acca/exams/f9/past_papers
Good luck with your revision 🙂
Sounds like a good idea, count with me, next Monday I will be on line at 6pm UK time. 🙂 with all my questions or willing to help if I can. My email is dcsippel@googlemail.com if you would like to contact me.
Sounds like a good idea, count with me, next Monday I will be on line at 6pm UK time. 🙂 with all my questions or willing to help if I can. My email is dcsippel@googlemail.com if you would like to contact me.