I am Abdul kabia and I live in Sierra Leone with you tutorials I can solve many questions on Accounting. Thank you very much sir. May God bless and your entire generation.
Thank you so much for the lectures. You've made me understood Financial Reporting better. I now prefer to listen to your lectures than others. Peter from Nigeria
there's something i don't understand. The problem states that the Net Assets with a carrying amount (which includes goodwill both purchased and internally developed) is 420K. Why are you adding goodwill again to bring the total up to 660K. if anything, the goodwill should be subtracted from the 420K to bring the Net Assets with a carrying amount to 180K. The question stated that SEVERAL YEARS EARLIER which means that the goodwill totaling 240K is already in the 420K balance since it happened earlier. However, if the problem stated that the Net Assets before goodwill is 420K then i can see the 240K being added to the 420K. Please explain as i am confused by the facts. Also, what is internally developed goodwill? I understand that you can't show internally developed goodwill on the books (i.e. meaning that it's not part of your assets). As such, why is it part of the allocation equation when it doesn't or shouldn't exist? Kindly explain this as well as i am having a tough time understanding this concept. Thanks so much
Heh, so one year ago you do part one, then you come back after a year and do part two, gained weight too! Can you work on that? Do all the parts at once! So we wont have to wait a year for part two! #Humbly requesting you know
Hello. I have a question For the second example where we had 660,000 as the total net asset and an impairment loss of 180,000... You said we should only recognise 30,000 impairment loss of the purchase Goodwill in the income statement as a loss. What will happen to the remaining 150,000 you said we should not touch. If this is not recognised as a loss too in the financial statement, the account will not balance.
hello sir i'd like to commend you on your good works God bless you I do have a question, I thought internally generated goodwill was not to be in the statements please clarify
Thanks a lot, God bless you real good. For God sake sir, pleaseeeee, help me to upload CONSOLIDATED GROUP ACCOUNT in details because I,m sure I will get it if you do so your titorials have been helpful to me and many out there. THANKS IN ANTICIPATION.
![ค้างคืนโรงเก็บกระสวยอวกาศร้างกลางทะเลทราย [Around The World Ep. 3]](http://i.ytimg.com/vi/E5bWZQhABJE/mqdefault.jpg)
I am Abdul kabia and I live in Sierra Leone with you tutorials I can solve many questions on Accounting. Thank you very much sir. May God bless and your entire generation.
You are an amazing tutor. You make Accounting seem so easy. Thank you so much for your videos. I’ve been passing my exams because of them
Ngl
You are more of a teacher than a lecturer cos you speak straight into my brain
I find accounting hard, but with your tutorials my grades keep shooting, God bless you for the work well done 👍.
Was worried abt Impairment buh you made it simple to me
You are an Excellent Tutor. These are real opening our minds.
i love your simplicity of the numbers,it truly makes me appreciate these standards more and more, thanks sir🙏i now realize that Accounting ain't hard
enjoying your lectures ...accounts becomes very simplified
Another good day to watch a tutorial from FOG tutorial. I'm always happy
I love how you explain it makes understanding easy and simple.
You're the best lecturer who has ever helped me my entire academic life for accounts , i recommend you to move on
I thank God for you truly your explanations are understandable
I used to see accounting very difficult to understand but your tutorials has helped me
Thank you for making me get an understanding on this topic. I use to think it's a hard one but no
The explanation is so simple and straight forward. very understandable
Sir please make a tutorial on IAS 10
I always watch your videos every semester as an accounting student love your tutorials 💯👌🏼
Who's here from 2024
Thank you so much for the lectures. You've made me understood Financial Reporting better. I now prefer to listen to your lectures than others. Peter from Nigeria
I love this lecture, Pls realise the part 3
Last week I was at campus n I understood nothing but after coming here I got everything 🙏
very educative tutorials, thanks Mr. FOG from Uganda
Good Teacher, he takes his time to teach and makes it easy.
When your time is right God will make it happen it's this movie 🍿. Nice one cast and producer. Thanks and lesson learnt.
truly it's accounting made easy for us
Good teacher. Thank you you've simplified the topic for me.
You are good at teaching 🫡👏. May God bless you Sir
Would you mind sending us a tutorial on Consolidation
More Grace Sir
Your teachings are really helpful
I really enjoy watching your videos. You make the topics very easy to understand. God bless you
This video has cleared alot of confusion. God bless you
So the statement "reduce production by 40% " was not part of the requirement just in to confuse people if I may say
there's something i don't understand. The problem states that the Net Assets with a carrying amount (which includes goodwill both purchased and internally developed) is 420K. Why are you adding goodwill again to bring the total up to 660K. if anything, the goodwill should be subtracted from the 420K to bring the Net Assets with a carrying amount to 180K. The question stated that SEVERAL YEARS EARLIER which means that the goodwill totaling 240K is already in the 420K balance since it happened earlier. However, if the problem stated that the Net Assets before goodwill is 420K then i can see the 240K being added to the 420K. Please explain as i am confused by the facts.
Also, what is internally developed goodwill? I understand that you can't show internally developed goodwill on the books (i.e. meaning that it's not part of your assets). As such, why is it part of the allocation equation when it doesn't or shouldn't exist? Kindly explain this as well as i am having a tough time understanding this concept. Thanks so much
Thank You so much for making things seem simple. How can i get part 3?
Thank you alot
You have made my accounting simplified
You are a great guy. Good job I must confess .
you explained impairment so well I did not understand it at first
Thank you so much.
looking for part 3 for reversal of Impairment loss, and presentation and disclosure , but cant seem to find it.
I like your tutorials, well explained and understandable but please consider doing more videos on IFRS
Your videos are really helpful. Thank you. Please help us with a video on budgeting I.e production,purchases,labour,trade receivables etc budget
Alright. I’ll work on them 🙏🏽
I always look forward to your videos because you make the problem solving simpler and easier to understand . Good job, and God bless you always ❤
Thank you for your time sir, looking for forward for Part 3 on IAS 36.
Thank you for insightful lessons. Please release Part 3 for Reversal of Impairment Loss
Blessings to you for making this easier for us 🙏
This was excellent illustration
perfect explanation, I love That .
Heh, so one year ago you do part one, then you come back after a year and do part two, gained weight too!
Can you work on that? Do all the parts at once! So we wont have to wait a year for part two! #Humbly requesting you know
U are really blessing souls with all these videos... Thanks and GOD BLESS..sir, is the part 3 of IAS36 out?
i really understand your explanations, thank you so much.
very elaborate and easy to understand👌
Hello. I have a question
For the second example where we had 660,000 as the total net asset and an impairment loss of 180,000... You said we should only recognise 30,000 impairment loss of the purchase Goodwill in the income statement as a loss. What will happen to the remaining 150,000 you said we should not touch. If this is not recognised as a loss too in the financial statement, the account will not balance.
Hello sir thanks a lot! Your tutorials have been extremely helpful
God bless you !
Please can we get videos on consolidation?
Consolidation is currently being worked on... expect that soon
@@FOGAccountancyTutorials Thank you so much sir looking forward to it.
Alright sir.
Thank you sir, can we please have part 3. This was really helpful.
Thank you sir. God bless you
Very straight forward, thank you
U are the best 😚😚 keep it up may the Good GOD bless u and give u strength for us❣️❣️
You are so fantastic teacher
Very insightful sir, and well understood
Thanks so much for your efforts
Second question, what is difference between impairment loss and fall value in revalution model?
Can you please do impairment reversals of assets under the revaluation model in terms of IAS 16
Thanks so much sir
I want to be like u
hello sir
i'd like to commend you on your good works God bless you
I do have a question, I thought internally generated goodwill was not to be in the statements
please clarify
Easy to understand
I have a question. Why did you add internally generated goodwill to net asset? Internally generated asset should not be recorded as an asset.
thank u so much but sir can u do a video of measuraing recoverable account
If the 150,00 are not shown in the financial statements, why do we reduce our assets from then there? How is it accounted for? I don't get that..
What a wonderful lecture
Very helpful, keep them coming!
Thanks Sir for your tutorials. Please when will part 3 be ready 🙏🙏
Waiting for part 3
Good job sir I really I understand how you teach. but please I need video on branch account.
very helpful to me.tq sir
Remember you said that we can choose to allocate all the impairment on one intangible assets,if it happens that way,will we send all to the p and L
Please do a video on impairment reversal
Hello sir,
This are really helpful✨🙏thank you. Can we also get part 3 on reversals
Waiting on the part 3
if the 50000 taken is not charged to proft and loss, how is it accounted for?
Really helped me
Thank you
Welcome 🙏🏽
Please sir i couldn't find the part 3 of impairment loss
Truly. GOD BLESS U. FOR ENHANCING MY UNDERSTANDING.
Nice one ,please are you following
Thank you sir still waiting on redemption of shares
Why are some asset are test for impairment and where others can not be test for impairment sir
Clearly understood
thank you so much
Thanks
good job
where can i get part 3 ?
God bless you
Thanks a lot, God bless you real good. For God sake sir, pleaseeeee, help me to upload CONSOLIDATED GROUP ACCOUNT in details because I,m sure I will get it if you do so your titorials have been helpful to me and many out there. THANKS IN ANTICIPATION.
Thank you sir
Thank youuu👏👏👏
Reversal of Impairment please
Good job 2024 takabaka
So understandable very brilliant 🫡
Than you
Please can i hv ur contact i need ur help its urgent.
Hellas, I need your help, I need you to help me state the sub topics in accounting for assets.....
You really understand what you're teaching. Great work there... I want to learn Cash flow statement from you.
what about IAS 37🙁
❤
2024 we are here
God bless you