You are simply the best and very talented teacher, I have come across! You made the impossible become possible for me. I have learnt FI + hedging within 3 days following your lectures. I am currently doing my Chartered Accountant FR unit and have completed my 2 online test so far. I got 20/20 and I just couldn't believe it!!! I have a last online test with the final exam and im feeling pretty confident! Keep it up and you are my saviour :-)
@@gertj363 no! FVTPL and FVTOCI handled instruments can locate in both! When you hold it for sale => FVTPL when you hold it for intent not to sell => FVTOCI. Your intention can last over a year thus listed stocks can be recognised to non-current assets also.
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Further the asset is sold for 650k, so Dr investment 30k, Cr gain on disposal 30k. Also, Dr OCI of 80k, Cr Retained earnings 80k. This transferring OCI to RE. The text in the lecture notes. Still huge thanks to Chris!
@@bekarare Is this correct? I would have thought if the asset was sold, you wouldn't increase the investment as no investment exists? Would it not be Dr Cash 650k, Cr Investment 620k (clearing the investment) and Cr OCI 30k? Then Dr OCI 110k, Cr Gain on disposal (P&L) 110k?
You are simply the best and very talented teacher, I have come across! You made the impossible become possible for me. I have learnt FI + hedging within 3 days following your lectures. I am currently doing my Chartered Accountant FR unit and have completed my 2 online test so far. I got 20/20 and I just couldn't believe it!!! I have a last online test with the final exam and im feeling pretty confident! Keep it up and you are my saviour :-)
Nice save by Chris 9:04
9:04 hahah chris is funny 😂 thanks for the simple explanation tho it was really easy to understand
the examples are quite easy to comprehensive, thank you!
9:04 Oh my God!
Though I misheard
Haha 😂 I also heard
Good video simple to understand the double entry systems
The best⭐️
Very well explained
easy to understand, really helpful....cheers
great video. thank you very much
Why are shares the fin instruments, while there is no contractual agreement?
Thank you
any idea how this will look on the financial statements?
FVTPL - current asset
FVTOCI - noncurrent asset
Unrealised G/L - part of P/L if FVTPL; part of OCI and cumulative amount at equity section
@@gertj363 many many thanks
@@gertj363 no! FVTPL and FVTOCI handled instruments can locate in both! When you hold it for sale => FVTPL when you hold it for intent not to sell => FVTOCI. Your intention can last over a year thus listed stocks can be recognised to non-current assets also.
is it possible for other comprehensive income to be negative figure due to decrease in fair value or the loss will be expenses off like revaluation ?
If there is not any accumilated revaluation surplus reserve, the decrease will be considered loss on SPL
Pls where can I find the solution to the question 3
Sir it's my personal doubt plz solve sir
At the time of sale of assets why we reverse oci reserve to profit and loss account
Please ask your question in the free Ask the Tutor Forum on our website. Our tutors do not monitor questions posted here, but always answer questions asked in our Ask the Tutor Forums :-)
Example is excellent but the video is missing some portion at the end. Cant see the explanation relating to the accounting of the Sale transaction.
Further the asset is sold for 650k, so Dr investment 30k, Cr gain on disposal 30k. Also, Dr OCI of 80k, Cr Retained earnings 80k. This transferring OCI to RE.
The text in the lecture notes. Still huge thanks to Chris!
@@bekarare Is this correct? I would have thought if the asset was sold, you wouldn't increase the investment as no investment exists? Would it not be Dr Cash 650k, Cr Investment 620k (clearing the investment) and Cr OCI 30k? Then Dr OCI 110k, Cr Gain on disposal (P&L) 110k?
@@jamesturk9971 May be your version is right
Sir 2nd question can be measured by amortised model no sir?
I Know The Subjects Heart & Eassy
THANK YOU
where next video
opentuition.com/acca/fr/
09:04🚶♂️😂😂🤫
This guy😂😂😂🤣
This is a UK accountig and it is a UK channel. Why do you use FUCKING dollars in your examples!?
Ask the ACCA! They set the rules and exams!
Why do u use such f word when asking a question? U can ask same question without using dirty words.respect first.