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@trephena @ehsan
Hi Ehsan, hi Trephena, would be very grateful if you could advise me… When doing vertical analysis total revenue was taken as a base (not net sales). Now i am starting to have doubts whether this is the correct approach. Company under investigation indicated that royalty income and revenue from manufacturing activities and other services is included in other revenue. If it would be only royalty, i would take net sales as a base, but taking into account that there are some manufacturing activities and they probably end up in COGS (no details about COGS composition are provided by the company), I thought that that would be more correct to use the Total revenue figure as a base. Is that a correct way of thinking…? Should i indicate this within limitations?
Thank you!@ehsanshah said:
1) Don’t add your name as it helps in anonymous marking. Even if you write it, it won’t be a criminal offense lol.2) Stop worrying on little immaterial stuff.
3) Hmm, uploaded means that you didn’t make payment and submit the project. If yes then yes you can re-upload it.
@ehsan
Ehsan, thank you a lot!
About question 3 – i meant can i pay and load the project on the site, then work on it more , then delete the old variatn and upload the newest variant prior to 17th of May?At the moment i already have more or less satisfactory project and etc. But i still want to work on it and in case smth will go wrong with the technical side of upload of the project i want to be sure that there is at least not the latest, but some variant…
thank you!
Hi everyone…
I can’t stop thanking you for all your help…!
Here i am again with 3 questions:))Q1. I am confused at the moment. In OBU RAP pack i read on page 58: ” Always start with a clear opening slide with the title of the presentation and
the student’s name and ACCA number to identify the presenter.”. Meanwhile in the checklist point# 2 it is stated theat there is a point that my name shouldn’t be appearing anywhere in the project… I guess info on page 58 is not correct?Q2. As well when i create files my name (without a surname) always is indicated as a creator’s name… should i worry about this as well?
Q3. As well – do you know, if i upload the project now, will i be able to re-upload it again by 17th of May, if i make any changes? I don’t want to leave the upload to last moment but i am sure till 17th i will still be trying to make it better))))
Thank you so much
@OlikP said:
@trephena
Hi Trephena,
thank you for your answer. I am confused now – i should provide a page number for every reference? :((( I thought referencing the author, book, its location is enough(((Dear all, please ignore this one. guess this was some technical problem – delay almost a day in posting…
@trephena said:
@olkip – not sure I understand your problems.General links to websites are fairly useless – the requirement is that the reference should be capable of being found easily and quickly. The marker has access to a massive depository of books, journals etc and they need to be able to home in on exactly what you are referring to, so a just providing a link to googlebooks.com with no link to the actual book and no mention of the page no. is no good and will cause them great frustration.
You just need to refer them to appropriate Appendix e.g. Appendix 5
@trephena
Hi Trephena,
thank you for your answer. I am confused now – i should provide a page number for every reference? :((( I thought referencing the author, book, its location is enough(((@trephena said:
No if you read the article on referencing I say there is no need to reference the financial statements as there are limited to just a few set pages. However with text from the annual report you either need to say where it is from e.g. the CEO report or give the page number as it could be any one of hundreds of pages. Once a document is over about 12 or 15 pages you should include the page number.
@trephena
Thank you, Trephena!@trephena
Hi Trephena, thank you for your answer!
I am confused now – i should provide page numbers for every reference? I thought author, date, name of book and its location is enough(((Following the same logic – if i reference some info in the Annual report – i also should indicate a page? For example, when i am explaing why ratios changed and refer to Annual report.
thank you!
@Ehsan
Thank you!!Trephena, thank you so much for all your help!
One 2 more question from my side:)
1. Libraries with closed access + GOOGLE books as a library
i was using closed library (access granted from work) + google books. I do write the whole reference about the author, the book, but when i provide ” available at:” should i put just the library name, for example. http://www.books.google.com.2. i have ratios in my work and my work is systematic. For example, 1st of all i discuss results of horizontal analysis, then of veritcal, then ratios. In the beginning of each part i write the name of the part, for example, Horizontal analysis of balance sheet (Appendix 5, Tab Horizontal Balance Sheet). Would that be enough reference for the numbers and ratios of this part (can be several paragraphs under one naming) or i need to do smth different? I think it should be enough, as you said that the main point is for the reader to be able to find the numbers… but would like to check…
Thank you!!!!
@trephena
Hi Trephena, could you please answer to this one, if possible? thank you!Trephena, thank you so much for all your help!
One 2 more question from my side:)
1. Libraries with closed access + GOOGLE books as a library
i was using closed library (access granted from work) + google books. I do write the whole reference about the author, the book, but when i provide ” available at:” should i put just the library name, for example. http://www.books.google.com.2. i have ratios in my work and my work is systematic. For example, 1st of all i discuss results of horizontal analysis, then of veritcal, then ratios. In the beginning of each part i write the name of the part, for example, Horizontal analysis of balance sheet (Appendix 5, Tab Horizontal Balance Sheet). Would that be enough reference for the numbers and ratios of this part (can be several paragraphs under one naming) or i need to do smth different? I think it should be enough, as you said that the main point is for the reader to be able to find the numbers… but would like to check…
Thank you!!!!
Dear Trephena, thank you very much for your help and support! I did read 3 reference articles but still have several unclear moments. I would be very grateful if you could advise.
Could you please advise how reference should look like for:
1. List of points:
for example SWOT and PESTEL – in case there are several points relating to one source,should i put the reference at the end of all strengths or at each line, for example:
-strength 1
– strength 2
– strength 3 (name, 2015)In case i need to reference each line i am afraid i won’t fit into the work count of the project..
2. How often to reference in case big pieces of info are based on the source?
when i was writing about the industry i was using 2 sources. there are several paragraphs about the industry, each paragraph consists of several sentences. First 2 paragraphs relate to one source, 3rd paragraph relates to another. Can i put the reference at the end of second paragraph (for 1st source) and then at the end or 3rd (for the 2nd source)?
3. Libraries with closed access
i was using closed library (access granted from work), should i anyway provide a full link and not just a library adress?4. GOOGLE books as a library
as well i was using google.books.com to find some info i need. does it mean, that i whould need to provide the link to the book and reflecting just google.books.com is not enough?5. What is the year of annual report?
According to the rules date of publishing shoudl be reflected. Obviously annual reports are published next year. should i write write the year of the report or the year of publishing? For example: (Company XX, 2017)?6. Referencing calculations from excel workings within the RAP
As i understood, if i state within the 3rd part that profits went down 3% and etc, i should reference the souce. If the source are my excel workings with several Tabs, then can I reference (Appendix 3A) and in reference list write Appendix 3A Tab Horizontal analysis. Should i write a year as well?Thank you very much!
Hi everyone! Didn’t find any info on this in the forum – in Information pack on page 45 there is a specific comment on ration analysis # 1 – “There remains an underlying lack of appreiation of the interdependence of ratios and the benefits of a pyramidal form of analysis.”
Who knows what is a pyramidal form of analysis and where i can find info on it?
thank you!Dear Mentors,
I would need your help with the following:
I chose for topic 8 pharmaceutical company Novartis and as a benchmark Roche. They report in different currencies (USD&CHF) but as it was discussed already several times in this forum (thank you very much for that!) its not the issue as i will make ratio analysis. Both report under IFRS but auditors of Novartis indicated in the report that statements are prepared: “…in accordance with IFRS as issued by the International Accounting Standards Board and comply with Swiss law.”
Auditors of Roche (different audit firm) indicated that statements are prepared “….in accordance with IFRS and comply with Swiss law.”
I am confused as in Roche report there is no specification whether it is IFRS as issued by the IASB and auditors just didn’t mention that.
While reading requirements for SEC filing for non-US companies (https://www.iasplus.com/en/resources/regional/sec) I noticed that it was specifically indicated that “a foreign registrant may submit FS that conforms to US GAAP or FS that conform to IFRS as adopted by the IASB (that is, not jurisdictional adaptations of IFRSs), without need to provide a reconciliation to US GAAP”. Now I have concerns whether both companies are using the same variant of IFRS and can be compared easily without need to adjust the FS.
Thank you in advance…!
