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Tom Clendon ACCA SBR online lecturer
เข้าร่วมเมื่อ 14 ก.ค. 2021
It’s all about ACCA SBR! Tom Clendon is an SBR online lecturer and podcaster who helps students pass their ACCA SBR exams. For more information please visit his website tomclendon.co.uk or message him on what’s app 07725 350793
Substance over form!
Substance over form is a key principle to understand. In this episode I explain the theory and show how it is applied in two different accounting standards as well as crowdfunding.
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Meet the team
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No man is an island. To bring you the best and most engaging online SBR course requires me draw on the skills and experience of others. Let me introduce to the team.
How to account for a 40% investment
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Not as straight forward as you might think! In this episode I discuss and explain the various ways that a group will account for a 40% investment. You see it all depends.
Q3 Answer debrief pre D24 ACCA mock Aderinto
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This is Aderinto my debrief of Q3 of the D24 ACCA premock. Please attempt the question on ACCA's practice platform before viewing.
Q2 Answer debrief pre D24 ACCA mock Devonald
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This is Devonald my debrief of Q2 of the D24 ACCA premock. Please attempt the question on ACCA's practice platform before viewing.
Q4 Answer Debrief pre D24 ACCA mock Kasim
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This Kasin and my debrief of Q4 of the D24 ACCA premock. Please attempt the question on ACCA's practice platform before viewing.
Q1 Answer Debrief pre D24 ACCA mock Whitaker
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This is Whitaker my debrief of Q1 of the D24 ACCA premock. Please attempt the question on ACCA's practice platform before viewing.
Provisions. "Back to Basics" with PQ magazine!
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IAS 37 is the standard getting the "back to basics" treatment. Key definitions explained. Two small examples. Short and sweet. I am a three times PQ award winner- so its great to be able to support this free student focussed magazine.
All about Cash Flow
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Cash flow - lets talk the basic principles, why investors like them and lets talk numbers. This is a topic you must be comfortable with.
Putting yourself in the shoes of the investor (Q4 of the exam)
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I was commissioned by ACCA to produce this video. This topic is examined in Q4. Enjoy !
Impairment. "Back to Basics" with PQ magazine!
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IAS 36 is the standard getting the "back to basics" treatment. Key terms explained. Two small examples. Short and sweet. I am a three times PQ award winner- so its great to be able to support this free student focussed magazine.
Revaluation and Depreciation
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"The basics" do get tested at SBR. This edition covers the principles and examples of depreciation and revaluation of PPE. So yes it is about IAS 16 PPE. Ten minutes. Please like and subscribe! More about SBR can be found at my website www.tomclendon.co.uk
All about my SBR Platinum Courses
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Let me tell you how you can pass SBR with my platinum courses.
I am Tom Clendon and I love SBR
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Let me tell you how I can help you pass SBR
Accounting for Sub-Leases
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From Sept 24 this topic is examinable at SBR. So make sure you are up to date and listen to this edition and you might learn something about IFRS16 as well as my family tree!
Q1 Group PL "101" Let me explain updating the prepopulated spread sheet.
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Q1 Group PL "101" Let me explain updating the prepopulated spread sheet.
I love it when students make mistakes!
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I love it when students make mistakes!
Keep it simple. The group statement of financial position. The group PL. The difference. The basics.
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Keep it simple. The group statement of financial position. The group PL. The difference. The basics.
June 24 SBR. What came up. My hot review!!
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June 24 SBR. What came up. My hot review!!
Four standards that can regulate the accounting for property (land & buildings)
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Four standards that can regulate the accounting for property (land & buildings)
Q2 Ethics and how to earn marks. Q2 SD22 demo answer
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Q2 Ethics and how to earn marks. Q2 SD22 demo answer
The interaction between impairment losses, cash flow & deferred tax in 2 minutes
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The interaction between impairment losses, cash flow & deferred tax in 2 minutes
How SBR will be examined from Sept 24
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How SBR will be examined from Sept 24
Just pure class! Thank you
5 minutes in and the concept is clear. Thank you again. You're saving lives. I am as sick as a dog and struggling to read through the text and understand through reading because of my foggy mind.
I am a slow learner and I completely forgot all logic behind IFRS 9 and panicked - this is my first video of yours and I LOVE your style of teaching - it's put in simple terms and straight to the point - broken down so well. Thank you, thank you thank you!!!!!!!!!!!!!!!
@@sashac9526 thank you Sasha, I think when it comes to IFRS9 that we are all “slow learners” as it is no easy! Kind words fuel me, so thank you for your thank you!
Finance lease is recognized in the books for the leasee as an asset because of substance over form ..right ? Oh you just said it …right of use 👌
Just thought about substance over form and chanced on this from my notifications…what a coincidence
@@emefaayibor9959 and a happy coincidence!!
Hi Tom, I hope you’re doing well. I wanted to sincerely thank you for your invaluable guidance on SBR. I’m thrilled to share that I cleared my exam today with excellent results! Every exam technique, piece of advice, and detailed explanation you provided made a significant difference. I couldn’t help but think of “JMO” repeatedly while writing the exam-it truly stuck with me. Thank you once again for all your support and expertise.
@@sahil9064 that’s great news! I am so pleased for you. Really well done.
TOM WE LOVE YOU! THANK YOU FOR THIS!
WOW, I never knew I needed this thank you!
@@imxn2574 so glad it has helped your understanding! Onwards & upwards
One of my best teacher of all time ...just 6 days of revision class with him pass me SBR paper ...
Waiting for "Hot Review on SBR Dec24" !!😅
please release a more affordable SBR course like steve willis has for pm.
I have lots of excellent free resources .... tomclendon.co.uk/free-resources/
Quality is not cheap Saves you from exam PTSD My life literally changed after enrolling for your course God bless you Mr Clendon🙏
@ glad to have helped
Remarkable memories of mine are going back to the year 1993. Word of deffered tax I heard first time from you sir. Thank you sir
Hey tom I legit have a doubt regarding fair value and their taxation if you will help me to clear that doubt i will share my doubt Hoping a reply from you tom
Hello sir, I am from India. Are there any affordable courses you provide? I visited the website but the least expensive one costs 397.. is there any between 50 to 90 pounds
Tom! thank you for all of the content you have posted. I sat SBR today and because of your content I was so confident on so many of the topics that came up in the paper. Being able to go out for a run and popping on a podcast or two was a huge help for me. It meant I could still get out and be active while not feeling guilty for not studying. Regardless of the outcome of my exam, thank you so much for all the help!
One question why do you not cap at the ceiling the opening amount, there is not date given of when this ceiling was introduced so I would of assumed that it was always in place - or is it because it says in the future it only relates to the future?
@@freddyainsworth1167 the asset ceiling test relates to the closing balance to put on the statement of financial position - to make sure the asset is not being overstated. The expense charged would take into account any assets ceiling test that existed in a previous period but so no details given in this question. Try not to overthink these things Freddy
Thank you very much Tom. You answered the question with the thought trail of a candidate.
@@PearlEmefaSapeh thank you for that compliment!!!
Hi Tom. Thanks for the video. I argued that the directors have created a constructive obligation to order the storage systems as they have announced their intention to do so to shareholders. To reverse this decision could cause reputational damage as a result. Therefore the provision should be recognised. Do you think this point would receive partial credit in an exam scenario?
I did same but consider that 3 conditions must exist for provision accounting. We would have a hard/ unfruitful time proving that the a present obligation exist (as no past event have economically/actually occurred). Just my thoughts, Tom please clarify 👍
@@liambrett1515 we live. We learn. We move.
Hello Sir I have gone over question 1 group questions apart from pre populated sheet adjustments Is there any last minute tips cause I am running out of time currently in studying for questions 3 and 4 types
@@CeeCeeBanko please make sure you’re comfortable with sustainability reporting. Please make sure that you try and have a breadth of knowledge on the application of accounting standards. This will be necessary for you to pick up marks in question three and question four.
What if there is no time to do the revised balance sheet but just adjustments
Thank you for all the SBR resources
@@Nicnaqsh thank you for your thank you. It’s nice to know that they are appreciated
i was so sure it was a loss then when u said gain i lost all confidence
@@darrenfernando1986 have resilience! Have faith! You still get marks if you make that sort of error & I realised it later on in the debrief and make the correction Life is messy and I am trying my best to show you how I construct my answer as a “good student” not the “perfect examiner answer”. Onwards & upwards !!!!
@@darrenfernando1986 Darren - have you watched this recording ? th-cam.com/video/I71c8qiuzZk/w-d-xo.html
sir, please do a podcast on intra-group sales before December 5th
@@musab9090 it’s not a big technical point Make group cost of sales AND group revenue smaller (eliminate all the intra coy transaction) Make group cost of sales bigger if there was a red to make a provision for unrealised profit on unsold goods
Is Sarah still offering courses for FREE on FME?
@@Honest_John I don’t think Sarah ever did that …. There are always free resources available…. Use google “Tom Clendon TH-cam” and Tom Clendon SBR and Tom Clendon LinkedIn and you will find lots
w explaination
Any reason you're not adjusting the tax? Is that simply because the question doesn't provide the tax rate or because there are no tax implications, here?
Is I’m the only one finding impairment calculation really difficult here 😔☹️
thank youu!!!!
@@muhamadafiq5517 no worries! Glad you found it useful
Hi is it worth attempting this mock if im sitting the UK version of the exam? I noticed the mock only appears under International on the ACCA website
@@00dude3 yes 100% - the UK variant is basically 90% international anyway
Hi Mr. Clendon, I hope all is well. I wanted to ask you if the examiner for the SBR exam allows us to use abbreviations of words. Instead of writing out "other comprehensive income" can I just immediately write OCI in word processor and on the spread sheet?
@@KarimElSayed-e4d Yes - simple abbreviations that are well known like that !!
@@tomclendonaccasbronlinelec7226I also wanted to ask for the spreadsheet options, can I just leave the calculations in the cell or do I need to write them out as well for the examiner to see them? Thank you for taking the time to respond!
Thank you for this incredible series of debrief, sir! I really appreciate them!
@@datjep glad you found this useful!!!
Sir I had a question Why don't we consider the FV up lift of land $190,000 in goodwill as NCI is measured at proportion of net asset method
@@leenanarule2118 in determining the fair value of the net assets of the subsidiary at the date of acquisition, we should be looking at, including the fair value adjustments. And where NCI is measured as a proportion of net assets, then it is as a proportion of the fair value of those net assets. I’ve chosen to answer your question by making sure you understand the principles. Please once again review the answer because the answer is correct. You can find my typed version of the answer by going onto my LinkedIn account
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You can really tell when someone loves teaching. I listen to Tom's podcasts even though I've already qualified. He got me through SBR exam. You're awesome Tom! We need more like you in education and in our workplaces ❤
This was brilliant. Really thoroughly explained. Thanks for all your help Tom, sitting this in a couple weeks and if I do pass it wasn’t without your wonderful podcasts.
C'est vrai magnifique Tom!
@@azadehimanlou2207 merci beaucoup 🇫🇷
I love SBR, especially when Tom Clendon teaches it.❤🎉
@@j.a-dery753 bless you - I love SBR all the time 🌻🤣❤️
Ditto!
@ bless you !!! Kind words …. 🌈👍🙏🦾🌻❤️🙌
thanks Tom
@@qweenbekahlifestyleshacks799 glad it helped! Onwards & upwards
mu course
Sir I am Currently doing exam kit in the CBE platform. Im almost done with section A area starting section B tomorrow and Planning to finish the rest of the kit with in 25 th. After that I plan to give dec 24 pre mock valuvate based on your debrief and do 2 to 3 mock exam may be past exam paper. Is this plan a good to go one. Can please give me your valuable advise on any improvement to be made to get a better result. Iwill very grateful if u can give me a guidance. Thank you
@@businesswizardo it is important that you do a variety of questions from throughout the exam. And to do questions to time on the practice platform. And then to review your answers. Ideally you have a study buddy or someone who can also help you in that review process. it sounds like you are on the right track. Keep going. And remember in the actual exam to JMO
Thank you sir. sure i will do it. Sir can u please say what is JMO.
@@businesswizardo "Just move on" which means stick to the 1.8 minutes per mark and do not go over.
@@KarimElSayed-e4d Thank you. ❤
@@tomclendonaccasbronlinelec7226 Hii sir , I have passed SBR with 68 marks within a span of just 18 days it wouldn't have been possible without your help. Thank you 🎉. Sorry for the late 🙏
Are you referring to the one titled 'IAS 12 Deferred Tax (part 2) - not for beginners!'?
@@eggriceu I think I’m referring to part one
@@tomclendonaccasbronlinelec7226 I can't seem to find one titled 'part 1', unless the first part is the one titled "IAS12 Income Taxes - the way the how and the basic principles of accounting for deferred tax (Part 1)' which is also available on TH-cam? Then there's one titled 'Deferred tax and Leases'
Thank you
@@Noleen_P no worries!!
Hello Mr. Clendon, I hope all is well. I have been studying SBR and getting the hang of the theoretical information in the standards, however I am genuinely struggling in all forms of consolidation. With around 2 weeks left and slightly over, what do you suggest I do to get a grip on consolidation and to pass the exam?
@@KarimElSayed-e4d i’m glad you’ve got the hang of the accounting standards now. Make sure that you can apply your accounting standards. Can you go back to your source material to try and get to grips with the basics of consolidation. You need to understand the difference between the acquisition, accounting for a subsidiary and the equity accounting for aassociate or joint venture.
@@tomclendonaccasbronlinelec7226 I'll try to head back to the source material for sure! Thanks for the advice.
I really like your teaching makes everything easy in a less serious way
@@maxwellchituku4716 Thank you - I take that as a great compliment because, although I take my teaching very seriously, I try very hard to keep it light and straightforward
Kkkk I rolled at "perfection is overated"
@@maxwellchituku4716 ha ha!! it is true though isn’t it. You need 50% to pass. It can be a very useful attribute at work to be a perfectionist, but it destroys your ability to pass an exam if you need to get the first part of the answer, right because you never get onto the rest of the exam.
is it correct to copy the question requirement in the response area and provide solution below it
Yes - good exam technqiue
❤
@@AdnanKhan-si8cp I’m glad that you liked this content and presumably found it useful
Well explained......
@@ronaldmutemararo4001 thank you very much, Ronald. Your feedback is much appreciated.
why did we take the depreciation to the TOTAL OTHER COMPREHENSIVE INCOME for the year attributable , we already deduted it from the profit for the year right
I suspect it's because TCI also includes profit for the year.
Great explanation! Thanks Sir!
@@davidegabrini156 I’m so glad that you found it a useful explanation