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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
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…!