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Chapter 4 Example 1, the answer starts from ‘Operating Profit’ of $15,220,000. Where does this number come from? From the recording it’s PBT which is 15000,000, and I presumed PBT is same as Operating profit. As recording is not yet updated with the updated note presentation, can you please explain what I am missing? Other than that, I got everything right. Thanks a lot!
One more to ask on the example 2. On the note, answer displays ‘Dividends received 180’ however on the question it’s ‘Interest income 180’. Shouldn’t the answer be ‘Interest received 180’? I checked the recording and apparently question also looks different with the outdated version, as ‘Investment income 180’, hence in this case ‘Dividends received 180’ would be correct.
I understand that the recording is not updated yet. However it is really confusing for students and it takes a lot of time comparing the recording with the notes to understand what’s changed and how I should adjust (different wordings etc). I wish there was at least a comment from teacher what should be updated from the recording so that it’s less confusing for students. Just my 1 cent here, thanks for everything! Very helpful lectures regardless. 🙂
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