[Isabel]

What a relief! Thank you John 🙂

[Isabel]

Thanks for the advice!
We’ll keep having fun reviewing/studying SBR 🙂

[Isabel]

Thank you Chris for your answer. It was a clear as water!

Regards,

Isabel

[Isabel]

Thank you Chris for your prompt answer. That’s great. Everything makes much more sense now.

Regards,
Isabel

[Isabel]

I passed – 71%!! Highest mark in all my ACCA exams. First time.
Thank you so much OT for providing the highest quality of material + lectures.

[Isabel]

Thanks Mike. I see the logic behind the assurance ext auditors should look for in internal auditors work. Internal auditors work has an independence risk element due to the routine of their work -missing the obvious..-

We have an expression in Spanish that translates to.. “You can see the straw in somebody’s eye but unable to see a beam in yours” Still not the same though..

[Isabel]

Thank you Opentuition and specially to F7 lecturer Mike. I passed F7!

Thank you Lord for that! God Bless.

[Isabel]

Thank you very much for your answer.

Kind regards,

Isabel

[Isabel]

Mike,

Thank you very much for your answer.

Regards,

Isabel

[Isabel]

Brilliant Mike. Thanks a million!

[Isabel]

That´s great. Thank you Mike for the explanation. Now I´m also able to do Q.5! 🙂

Regarding explanation of how arrive at the amount of shares at full price we would have to issue in order to raise the same amount of cash than at exercise price, being the difference between that figure and the options figure, free shares, I´m afraid I haven´t seen explanation of that either on the course notes or on answers to example questions.

Regards,

Isabel

[Isabel]

My apologies Mike. I edited the question. I thought “edit option” would update the question I already posted instead of duplicating it…

[Isabel]

Thank you Mike! That answers my question 🙂

Kind regards,

Isabel

[Isabel]

Thank you Mike.

I understand your calculation.
However on the disclosure of the reconciliation from total of minimum of lease payments to arrive to P.V as at y.e.
The reconciling figure is finance interest not yet accrued. If the figure of 665 has been accrued for on St of F.P shouldn´t be also substracted from 4,705?
Could you please clarify if the logic behind my assumption is right?

The difference on the payment terms from Giedruola and Giedrius is that Giedruola pays on 1st of January and 1st of July and Giedrius pays 31th of December and 30th of June.

Thank you very much.

Regards,
Isabel

[Isabel]

Yes.. I see what you mean. I misinterpreted the question 🙁

My fault.. Sorry about that and thank you again for your answer.

Kind regards,

Isabel

[Isabel]

I thought that the two different prices for making a dress and the two months notice was a trick in the question to get one of the options with a profit..!

In the presumption of the solution being correct (subject to you to have a look at the example in the near future) would the afirmation of “no outflow of economic resources would be made therefore no provision should be reflected” be correct?

Thank you again and regards,

Isabel

[Isabel]

Mike, Thank you very much for your clear answer.

Regards,

Isabel

[Isabel]

I found the answer for the question I had related to dividends. I see now that what appears on P&L is the dividend expense therefore already included on the Ret. Earnings so there is no need to include them on the calculation.

However, please would you be able to clarify my question related to the presentation of the answer for two separated calculations for Consolidated Retained Earnings.

Thank you again.

Regards,

Isabel

[Isabel]

That’s great Mike. Thank you very much for your answer. I’m studying online from Spain and sitting the exams in Ireland! ????

[Isabel]

Dear Mike,

Thank you for your prompt answer. In relation to query 1, yes I meant share capital for Sergejus.

Many thanks and kind regards,

Isabel

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