[ssergey]

I got 73 in P4. It was my last exam. From very begging F2,F3,F4 and till P4 John Moffat was near and always gave me a hand of help whether through prerecorded lectures or personal answers he timely gave to my questions. I would like to thank John as he does so much for accountants like me and profession as a whole. On many occasions when I was in college classroom I thought what a pity John is not my tutor)). And I strongly believe those guys living in Baltic States have clear advantage course John is near))

Once again, thank your very much,

Kind regards,

Sergey.

[ssergey]

Thank you John

[ssergey]

Thank you for your answer,

In chapter 10, page 63, example 5 of your course notes, you calculate EVA for two years 2006 and 2007. As per question capital employed at the end of 2005 i.e. start of 2006 is 400k so we consider it as capital employed in 2006. For capital employed in 2007, we go to SFP 2006. Answer says 312 (shareholder funds) + 88 (long-term debt) = 400 . Does 312 ( shareholder funds) already include Retained earnings of 47 for 2006?

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