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sir
in example 2 why did you “deduct amount needed to replace non current assets equal to depreciation from operating cash flow” ????
in December 2009 question ” kodiak company , requirement a” examiner didn’t adjusted projected cash flow with amount needed to replace non current assets equal to depreciation from operating cash flow. Can you please explain me why???
Kodiak company was set by the previous examiner.
The current examiner usually write in the question that an amount is needed for non-current assets equal to the amount of the depreciation. Even when he does not say that in the question, he always assumes it in his answers (although in that case you do not lose marks if you do not assume it – as in all AFM questions, it is important to state your assumptions).
(I assume that you are watching the lectures that go with the notes – the notes are only notes and it is in the lectures that I explain and expand on the notes. If you are not watching the lectures for any reason then you must buy a Study Text from one of the ACCA approved publishers and study from there.)
No sir i m watching your lecture and your way of teaching is more effective. I m just trying to understand the reason for difference in your way and examiner. As you told me that this was previous examiner style so now it all makes sense…
Thank you sir for your guidance
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