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respected sire,
Q: you credit bank($90909) and credit foreign exchange gain {$2114(balance)}
if it had been a loss than we would have debited the payables ?Q: and sire till chapter 8 you never told which IAS or IFRS is applied to group accounts you have told every complexity like complex groups step acquisition step disposal etc but you never told due to which standard we do this ? please elaborate me the all standards that apply to group accounts?
Q: and sire do we cover all standards in accounting through your lectures and how many total standards are there by the way?
please don’t be pissed with my stupid questions I KNOW YOU ARE REALLY NICE AND SWEET 🙂
Q: sir in chapter 9 lecture one example 2 dividends received from associate the whole figure goes into the investing activities of ‘T’ account balancing figure or do we take the % of parents holding in associate?
Q: sir in chapter 10 IAS 16 lecture : depreciation example 3 you said to charge the depreciation to GRE and PPE but sir would we add PPE VALUE in consolidated PPE in SFP?
@pirates said:
respected sire,Q: you credit bank($90909) and credit foreign exchange gain {$2114(balance)}
if it had been a loss than we would have debited the payables ?Q: and sire till chapter 8 you never told which IAS or IFRS is applied to group accounts you have told every complexity like complex groups step acquisition step disposal etc but you never told due to which standard we do this ? please elaborate me the all standards that apply to group accounts?
Q: and sire do we cover all standards in accounting through your lectures and how many total standards are there by the way?
please don’t be pissed with my stupid questions I KNOW YOU ARE REALLY NICE AND SWEET 🙂
1. If it was a loss then the debit would still go through profit or loss.
2. You’ve asked this question already and I’ve answered it for you. Don’t stress about the standards and their numbers for the group accounts.
3. All standards for the P2 syllabus are covered. Currently the IFRSs go up to IFRS 17.
Thanks
@pirates said:
Q: sir in chapter 9 lecture one example 2 dividends received from associate the whole figure goes into the investing activities of ‘T’ account balancing figure or do we take the % of parents holding in associate?The T-account is the equity accounting for the investment in associate, so the figure calculated is the share of any dividend received from the associate. There is no requirement to adjust this figure.
Thanks
@pirates said:
Q: sir in chapter 10 IAS 16 lecture : depreciation example 3 you said to charge the depreciation to GRE and PPE but sir would we add PPE VALUE in consolidated PPE in SFP?Any adjustments made in the individual accounts will automatically feed through to the group accounts as we consolidate on a line-by-line basis.
Thanks
@pirates said:
Q: sir in chapter 9 lecture one example 2 dividends received from associate the whole figure goes into the investing activities of ‘T’ account balancing figure or do we take the % of parents holding in associate?@pirates said:
Q: sir in chapter 9 lecture one example 2 dividends received from associate the whole figure goes into the investing activities of ‘T’ account balancing figure or do we take the % of parents holding in associate?The T-account is the equity accounting of the investment in associate so the figure that appears is therefore our share of the dividend paid by the associate, we do not need to adjust it any further.
Thanks
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