[mambo.emma]

Thanks Mike, I found this helpful.

[mambo.emma]

Hello thanks for having this forum. Back to participant’s question, what if the share holders accumulated funds (equity) is negative how do you calculate gearing? I have personally seen a private company having a negative shareholders fund. Does the formula of debt/debt+equity still apply in which case the + sign would change to negative or we have to use a – sign instead to keep the formula as a positive?

Thanks in advance.

I’m an ACCA affiliate from Uganda.

[mambo.emma]

71% on first attempt in P7 before attempting P2. So I disagree with people who say you first do P2 before P7. It’s just a matter of experience and effort you put to study. Just a matter of being good with Accounting and audit standards + ethics

[mambo.emma]

I’m from Kampala, Uganda and I got 87% in Audit & Assurance F8 in first attempt. I did personal reading and watched tutorials from open tuition and Mapit accountancy.com. Thanks guys your videos helped a lot.

[mambo.emma]

Thanks a lot tutor for clearing my doubts

[mambo.emma]

Thanks a lot tutor, I really don’t know where I’d be without your help

God bless you

[Author]

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