Great work. Having deep understanding of standards make reporting sweet. Their inter relationship can never be known except through mastery . I love this channel.
Showing how to treat impairment under Held for Sale Assets (like Property A) would have been great. And also 'further impairment' after the year end (not really sure if I'm correct here) But hey all the same great lectures, using different standards to answer a 'single' question.
To be able to properly calculate impairment, you need some pieces of information. This question is essentially an IFRS 5 question first and foremost, so the question’s requirement (especially for Property A) was geared towards IFRS 5. For how to calculate impairment, you can refer to this other video we posted earlier, which was purely dedicated to accounting for impairment of assets under IAS 36 - th-cam.com/video/EQQ1WC1hCv4/w-d-xo.html
@@MSLBusinessSchool Watched your crash courses on government grants. Would like to know how to treat grant income when paid over say 3 years in the SOFP. would the balance also go to CL and NCL as deferred grant income. also can I get your contact cos I would like to enrol
Great work.
Having deep understanding of standards make reporting sweet.
Their inter relationship can never be known except through mastery .
I love this channel.
A very good question
Showing how to treat impairment under Held for Sale Assets (like Property A) would have been great.
And also 'further impairment' after the year end (not really sure if I'm correct here)
But hey all the same great lectures, using different standards to answer a 'single' question.
To be able to properly calculate impairment, you need some pieces of information. This question is essentially an IFRS 5 question first and foremost, so the question’s requirement (especially for Property A) was geared towards IFRS 5.
For how to calculate impairment, you can refer to this other video we posted earlier, which was purely dedicated to accounting for impairment of assets under IAS 36 -
th-cam.com/video/EQQ1WC1hCv4/w-d-xo.html
@@MSLBusinessSchool Watched your crash courses on government grants. Would like to know how to treat grant income when paid over say 3 years in the SOFP. would the balance also go to CL and NCL as deferred grant income.
also can I get your contact cos I would like to enrol
Came in handy today😊
Good to hear this. Hopefully the whole exam went really well.