[zhangcc]

Hi Sir,

Just want to say thank you for your tutoring. I got a pass in SBR and am really appreciate all your help.

Thank You

[zhangcc]

Same here~~how can you expect a cash flow in Q4 asking you adjusting the operating cash flow only but giving ton of cash flow item from investing activities……. I don’t even know what is net cash flow free from xxxx(forgot)
Want to cry…

[zhangcc]

Sir,

In this question, why the loss allowance on SICR would be calculated as (Life time expected credit losses minus 12 months expected credit losses) rather than recognize life time expected credit loss only? Would the loss allowance place in SFP or SPL?

Thanks

[zhangcc]

Thanks

[zhangcc]

Sir,

BPP answer on difference on debt and equity mentioned that if a contract is settled by the entity receiving or delivering a fixed number of its own equity instruments in exchange for a fixed amount of cash is equity instrument; in contract if the amount of cash or own equity shares to be delivered or received is variable, then the contract is financial liability or asset.

Can you explain the rationale behind that why the contract settled by fixed number of equity for cash is equity but by variable amount is liability?

Thank you

[zhangcc]

Hi

If Person A is director of Co A and Co B then is Co A and Co B related Parties?
what would the factors influence the assessment?

Thanks

[zhangcc]

Thank you, Sir!

[zhangcc]

Thank Sir

I am now doing the practice question with BPP revision kit and found that some of the sample question in Part C where to provide accounting treatments toward the scenario will include some definition and reference to the standards. For example, a question was required to advice accounting treatment on a contract related with transaction price under IFRS15. The sample answer will provide definition on some terms like transaction price and full terms on requirements that qualify a variable considerations.
I found it hard to answer the questions like that as I cannot really repeat the terms or the full criteria toward some issues.
What would be the alternative way to illustrate the scenario rather than refer to definition and detailed terms in the standard

Thank You!

[zhangcc]

Thanks

[zhangcc]

Dear sir

In BPP revision kit group question 2(8) about revenue recognition. The new contract price is $950 which is quite close to initial price $1000.
Why in the revision book, the contract treatment is still terminatation of the existing contract and creation of a new contract? As the two price are still close rather than the difference between 100 and 80.

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