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These preference shares and debentures are financing tools,
The company gets the cash in and pays it back with interest. am I right?I enjoy laws and regulations, besides knowing a nation’s laws helps us ACCA candidates to understand other papers as well. However, I do not keep practicing any revision kit, this would be spooky!
Thank you so much, Mike.Hello,
I wish there was a lecture for Chapter 19, example 2.
I don’t seem to fully grasp the meaning of the fraction of 2/3 or 3/2.Hello Mike,
I have passed the exam with 68%. Couldn’t do it without your help.
Thank you so much.Interesting.
Thanks, Mike.
There should be a statutory time limit. Propose the Green paper LOLSo the company can keep the shareholders’ dividends to itself as long as it pleases!
Oh thank you. Now I remembered it from F3 !
Dr. Revaluation Reserve
Cr. Retained EarningsSo each year, to compensate for the excess depreciation, we record the following entry:
Dr. Revaluation Surplus
Cr. Profit for the year@salardehbashi said:
So…. you are telling that revaluation surplus is “treated” as a realised profit and its subsequent extra depreciation also is “treated” as a realised loss, ergo they have cancelling out effect???So…. you are telling that revaluation surplus is an realised profit and its subsequent extra depreciation is realised loss, ergo they have cancelling out effect???
so if it’s a small island, how come it has over 400 banks?
That gives me reason to get suspicious.Firstly, I should imply my most profound gratitude for all your work, there is, however, missing lectures regarding money laundering, sequence of distribution of assets in liquidation and the “Prescribed Part” (ring-fence).
Will there be new lectures? Cause I’m about to tackle the exam soon.
Yes, I read this “Company law requires a company to maintain a register of charges, but there is no requirement to keep a register of debenture holders.” and I was alert ! LOL
Mike, is the following sentence correct?
“Company law requires a company to maintain a register of charges, but there is no requirement to keep a register of debenture holders.”
I’m trying to distinguish between shadow director and de facto director.
The de facto director performs as a director but has not been OFFICIALLY appointed.
However, shadow director seems to avoid legal responsibility of a director, but exerts his influence to the day-to-day running of the business.Practically they do the same job in nature. They seem an abuse to me! I’m confused.
