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Sir this is a BPP question available online with no workings for the answers. Hence ive asked the question here
Yes sir i have watched all the lectures.
And thank you for that example. It made a lot of sense to me now. Thank you so very much for your help and all that you do for us.But Sir, Due to a decrease in trade payable, the company owes less now so the amount should have been deducted to what we pay(i.e. we should have paid them less, due to less payables held now)
Still if I take your explanation into consideration. Then how would we explain the increase in cost of inventory that has been added. If they owe more surely they paid less before.
Still not able to comprehend Sir. Can you please help me I have an exam soon this week 🙁
I do watch your videos Sir. Thank you nevertheless for clarifying this doubt as they are bound to pop up every now and then 🙁
Makes sense sir, i was confused thinking standard cost of materials mean the cost we budgeted for materials. Instead, its the cost that we should pay for the materials. I hope what i wrote now is correct.
Thank you for the help.
By theory i mean, what is meant by ‘sharing’ a foreman’s wages with ‘this’ project.
If part of his wages are being shared with this project for profit purposes, im assuming profits associated by going ahead with this particular project. Therefore isn’t that a cost to be considered as well before you go ahead with this project ?
Partly making sense sir, please do forgive me for pestering you further,
So 10% of the foreman’s salary is being shared to this project for ‘profit purposes’
This is exactly what I’m unable to catch and therefore not understanding why we are not deducting it.Can you please explain the theory behind sharing a foreman’s wages with this project. And what exactly do we mean for profit purposes ?
But sir wont that mean that if we go ahead with this project, only then we will be needing the foreman (supervisor) for the labourers involved in doing this project ? Therefore isn’t that an incremental cost as well ?
@Learning Lumarium
If two companies are using different accounting policies (GAAP and IFRS) is comparison possible ?
if one company is using GAAP and the competitor IFRS, is comparison still possible ?
@learningluminarium – thank you so much for your advice. yes my competitor also has their standalone financials and i have used that for comparison.
my company is a mobile telecom, and they have subsidiaries that are not all related to mobile telecom, so i decided to go with standalone.
hope that is okay.
I need an urgent help !!
While doing the financial analysis, should one consider the Consolidated Financial Statement or the Standalone Financial Statements are fine ?
please let me know as i am due for submission this period and will fail if this goes wrong as its my last attempt
thanks !