[walid0]

Hello Admins,

I would like to know that i intend to book a AAA exam and AFM, i am living in UAE and as i have come to know that remote exams are available in lets say canada, so can i book canada as my exam centre and book a remote exam session. while residing in UAE. As in UAE the exams are paper based.

Appreciate your response.

[walid0]

Hi Trephena,
i have this confusion over these two statements if you can answer or if its already answered please refer it..

In the second one it says you can resubmit an updated version.Can you please explain.As i had first submission in period 34 on topic 8 so should i use latest financials or the same ones.is it an option to use the updated ones? cant seem to understand.

“When resubmitting, it is not necessary to use the latest financial statements provided you resubmit within any of the next 4 periods following your original submission. This ONLY applies if you are resubmitting on the same topic and organisation. If you have changed topic and/or organisation, you MUST use the latest financial statements.

If you are resubmitting your RR on topic 8 or 15 and your last submission was in period 32, 33 or 34 then you can resubmit an updated version of your previous topic and organisation.”

Thanks

[walid0]

@walid0 said:
I can do that For company B.But still at the end i will have to use GAAP right.

But will this affect my analysis,fr eg if i were using FS for both prepared under IFRS Compared to GAAP.

I think Analysis will not be affected , and will i need to write it in limitations that the company is using GAAP instead of IFRS,besides do i need knowledge of the Accounting standards for Preparing the RAP.

@trephena can you please answer this last question.

[walid0]

I can do that For company B.But still at the end i will have to use GAAP right.

But will this affect my analysis,fr eg if i were using FS for both prepared under IFRS Compared to GAAP.

I think Analysis will not be affected , and will i need to write it in limitations that the company is using GAAP instead of IFRS,besides do i need knowledge of the Accounting standards for Preparing the RAP.

[walid0]

The companies i have selected are A the main company and B is the competitor, A is operating locally and its FS are prepared in GAAP ,whereas B is operating in other countries hence it has prepared FS using GAAP as well IFRS.
Like A and B are both having FS in GAAP.

So do you think there is going to be any difference in comparison or affect my rap if i am using FS prepared as per GAAP rather than taking those companies using IFRS.
And should i select companies using IFRS to prepare FS?

And thanks alot for your previous reply.

[walid0]

Dear Trephena, Can you please refer me to the post where there is discussion about companies Using GAAP rather than ifrs and how different the approach will be for using FS prepared as per GAAP.

Thanks

[walid0]

OSC is $50 m
number of shares = $50m/.20 =250m shares

so new issue of 1 for 4 …i.e 250/4 =62.5m new issue of shares

62.5m @ 20c this goes for equity = $12.5 m and new bal = $62.5 m
62.5m @22c this goes to sh. premium =$13.75m and new bal = 28.75

i hope this helps and i think this should be the workings not sure if its correct 😛

[Author]

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