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Thanks for the compliment.

@@josephnsithoe2301 You are welcome. Which other topics are you interested in?

Hello. Yes. You can just ask the question. It really depends on what you are asked.

@natashamapalo9571 Thanks for the compliment pal. You can SUBSCRIBE for regular updates.

@@calibaarjeexfuelstation9564 WhatsApp me on +255 718 326 837

Easy. You as an agent only records the commission as your revenue. What is so hard on ERP? We do that in ERPs like TallyPrime.

Thanks for the compliment.

Yes. Just at $2 you get the fully solved IFRS 15.

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Wishing you all the best in your exams. You can SUBSCRIBE for regular updates.

@@hybridaccounts I sure did

@@Kapil-V-14 Great

Hello Mary. Take Finished Goods minus OWIP to FG.

WhatsApp me on +255 718 326 837 for more clarification.

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@@PMR7831 You can check me through WhatsApp.

@parasharravel7831 Get the full notes on IAS 8 for just USD 1. My WhatsApp number is +255 718 326 837.

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That is easy. From cost model, always account for the changes in profit or loss.

@@hybridaccounts no no im asking this policy change is prospective or retrospective in fs?

My friend. We only account for the gain or loss, nothing else. So just get the change in asset values to profit or loss.​@MusslimThanos ​@MusslimThanos

@@hybridaccounts no if u go to fv from cost model then its a change in accounting policy which u have to apply retrospectively and restate ur fs. That us what i was trying to confirm frm u

@MusslimThanos You forget that you asked when changing from cost model.

You are warmly welcome dear.

Thank you bro. You are warmly welcome.

Hello. Good question. It is Woking capital cash flows which are recorded (changes). What we calculated are the required amounts, not additional amounts. Only at the start of the year, you can have the full amount as you will have nothing invested. And maybe you can recoup the full amount at the end of the project if it will be stopped as you will by then need nothing.

Thanks. You are welcome penpal.

Yes you are right. It is just an error in subtraction. 53.3 less 11.4 gives 41.9, not 31.9. I hope you enjoyed the lecture. And please do not forget to SUBSCRIBE for more videos.

Hello. Is there any issue on which you need help?

Hello. Yes I can help.

You are welcome Fatia. What more topics would you suggest?

@@hybridaccounts capital allowance pls

I have explained that on Financial Management Investment Appraisal question.

Karibu sana. Welcome.

You are welcome. You can access the full playlist here IFRS 15 Revenue from Contracts with Customers: th-cam.com/play/PLcS1IB13LKglwmDY5Z4kFbM-fpjXYbZqL.html. And please don't forget to SUBSCRIBE and share.

Ooooh. My appreciation brother Nelly. May this be start of an everlasting bond. Once again, my appreciation.

thanks

You are welcome

Yes, sure

Glad it was helpful!

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Good question. If entity A pays for the service, it it is the principal as in effect, it controls them. If however entity A does not pay for the cost of service received by B from 3rd party, it is in substance an agent and should only recognise commission.

@@hybridaccounts so do I include these costs when determining the transaction price?...Thank you so much for the response. It's just that I've been failing to answer a past question paper

@@thenjiwendlovu1791 Normally, the transaction price will have been given in the question. Only commission should form part of transaction price, not the actual price ar which entity B is obliged to pay.

@@hybridaccounts can I send the question so that you can see it

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Hello. Why? FG are 12,000 in total and 5,000 come from OWIP so only 7,000 units remain. Compare input and output. You can SUBSCRIBE FOR REGULAR UPDATES and see another video on FIFO method here th-cam.com/video/fFhM7XHm51Q/w-d-xo.html

Hello! The loss is fully recognised in a single period Since it is automatically reflected ny the difference between revenue and cost of sales, you get thaat total in SOPL. Note that PROVISION DOES NOT GO TO SOPL but tl SOFP. That provision combines with the loss for the period to get total loss.

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@@hybridaccounts valuation of assets and CVP (Cost Volume analysis)

@@StudySmart00 Thanks for the feedback. I will deal with CVP Analysis first.

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You are welcome dear

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You are welcome

You are welcome dear!