It is part of share of federation account revenue which was deducted at the source. If you add it up, it will give you the amount reported in the trial balance. Because it is part of the federation account revenue, the amount must be reported gross. You can also check the solution in the part finder
Hello sir. Thank you for these videos. They are really helpful. Please, I am looking for your videos where you solve IPSAS 2: Statement of Cash flows using the indirect method. Kindly direct me to the video sir. God bless you.
Good day sir,sir please can you shed more light on why Other operating activities(JAAC AND LGA BAILOUT) was an outflow and not treated under operating activities while number 1 additional information (FEDERAL GOVERNMENT BAILOUT) was treated as an operating Activities, thank you sir.
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This solution really help
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Hello Sir, for note 3 the "Deduction at source for loan repayment (Jan. - Dec.)" why wasn't it classified as a financing activity?
It is part of share of federation account revenue which was deducted at the source.
If you add it up, it will give you the amount reported in the trial balance.
Because it is part of the federation account revenue, the amount must be reported gross.
You can also check the solution in the part finder
Hello sir.
Thank you for these videos. They are really helpful.
Please, I am looking for your videos where you solve IPSAS 2: Statement of Cash flows using the indirect method.
Kindly direct me to the video sir.
God bless you.
I have not seen ICAN setting question in that area and I am equally looking for question in that area to use as an example
Okay sir.
Thank you for your response, sir.
Thanks
Please can you do lecture on construction contract. No 1 question on ICAN of November 2023. Please 4:29
Noted
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Pls sir I can't find it sir.. can you help send the link
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Good day sir,sir please can you shed more light on why Other operating activities(JAAC AND LGA BAILOUT) was an outflow and not treated under operating activities while number 1 additional information (FEDERAL GOVERNMENT BAILOUT) was treated as an operating Activities, thank you sir.
I treated them as operating activities
@@Ezikan Thank you so much sir,seen that.
Please is retained earnings be treated as operating activities instead of investing activities..
Retained earnings is not a cash, it will not be used in statement of cash flows. It will be used to calculate the dividend paid
@@Ezikan but you treated it under operating activities..
@NwabufoA Not retained earnings
It is earnings of parastatals but the question mistakenly type retained earnings
@@Ezikan okay..
Thank you Sir.