Why did it take me long to find this! Have been struggling to understand PPE. Thanks so much for the lecture, now i have a better understanding. Keep up the good work..i'm now going to part 2.
Wowww, sir i love the way you break down everything to simplicity,it really eases everything to an ordinary learner. thanks 🙏 sir.we appreciate your hardwork.
Great presentation @fog. Allow me clarify: IAS 40- Investment Property specifically deals with property that an entity holds to earn rentals and/or for capital appreciation. Two points to note: 1. The property is immovable property, usually land or buildings. 2. The primary business operations are not about renting out property. In which case a real estate company that primarily deals in buying or building for rental income will record their buildings or land as PPE under IAS 16. Finally under IAS 40, investment property is not depreciable. Going by that understanding, a truck bought for rental income falls under PPE. Thank you.
Thank you FOG Accountant Tutorials. I have missed out this lectures in class due to a short illness but you've just recovered my missing time. Thank you Team. I am impressed!
Hi FOG; Important to remember is that I'm too obsessed with u to the point that I nolonger understand other Lecturers. I declare u my best World class Lecturer. Kindly handle for me INVENTORIES. I swear I will highly appreciate
Thanks very much sir but I want to ask on the component of cost the third point ....can legal fees be accounted as cost directly related to the asset and also painting of an office can it be cost directly attributed
Hi Sir I Absolutely love your content. Can you please make videos for Financial Instruments And IAS2 Inventories videos please. Thank you with kind regards
Good day sir. The dismantling cost, isn’t it supposed to be in present value? I mean, are we not supposed to discount it? Since it is an estimated future cost.
Someone please help. Are the 52 videos on financial analysis and reporting the whole syllabus or some topics have been ommitted. Thanks Your response will be appreciated. I also appreciate for the financial accounting videos . I passed the examination 💯
Awini Carlos Aamusted Campus Kumasi, Acc L300, am very impressed for your delivery, god bless you. but i want to know if the question is silent about about whether the depreciation is a full year or one month ownership, can one use full year depreciation?
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This is the new WhatsApp number👇🏻
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Thanks
Thank you....please can you help explain something about IAS 40 investment property
is that how the PPE questions always comes those requiring calculations?
Your videos are topnotch. Very interesting and always understandable
you're best in your carrier. you made the difficult simple. thank you sir 🙏
Thanks
Best Accounting Lecturer in the world. FOG TO THE WORLD
You’ve been a blessing to me in this accounting journey, Sir
Please we need a video on IAS 1
Much appreciation from Kenya... Someone recommended and I have really understood
I Never failed any accounting related module but I never attended lectures.. do I need a lecturer when there is Fog?
No😂
Why did it take me long to find this! Have been struggling to understand PPE. Thanks so much for the lecture, now i have a better understanding. Keep up the good work..i'm now going to part 2.
Wowww, sir i love the way you break down everything to simplicity,it really eases everything to an ordinary learner. thanks 🙏 sir.we appreciate your hardwork.
So clearly explained. Thank you sir for this fantastic job done!
thus guy is so intelligent.....he knows accounting very well
Highly appreciate your knowledge. You are a great teacher.
Great presentation @fog.
Allow me clarify:
IAS 40- Investment Property specifically deals with property that an entity holds to earn rentals and/or for capital appreciation. Two points to note:
1. The property is immovable property, usually land or buildings.
2. The primary business operations are not about renting out property. In which case a real estate company that primarily deals in buying or building for rental income will record their buildings or land as PPE under IAS 16.
Finally under IAS 40, investment property is not depreciable. Going by that understanding, a truck bought for rental income falls under PPE.
Thank you.
😂😅
you're great. I'm getting the concept right from the beginning.Good work!!!!!!
Thank you FOG Accountant Tutorials.
I have missed out this lectures in class due to a short illness but you've just recovered my missing time.
Thank you Team. I am impressed!
Happy Teacher's Day sir. May the Lord continue bless you with more wisdom
Good explanation... Let's work and help our people
Wow so clear and understandable. I now understand this whole thing
Where have you been all my life ,thank again
God really Blessed you with this lecturing Gift,You are the best
Well understood sir. Thanks
Wow. Well explained and detailed. Thanks sir
Im blessed to be here. i really appreciate Sir.
Very good explanations. Well done 👍🏻
Bravo ooooh 👏👏👏👏👏
Yu know i love yu, I love you tutorials, thanks a lot yu have helped to understand my modules
Thank you sir , am from Zambia and you are making my accounting easy
Thank you, the lecture is clear and interesting. God bless you.
Always on point, salute 💯
Great job
BUNDLE OF THANKS SIR, VERY WELL EXPLAINED !!!
where did you go? please come back
you are excellent my African brother , I really enjoy your lectures, yours Zimbabwean brother
He is good
Your teaching is excellent
❤
Love ur teachings.
The video is very accurate
Please can you explain IAS 32, IFRS 9 and IFRS 7
My favourite lec ✊
you are genius sir. You've made it simple for me
Thank you soo much
This is amazing, really appreciate your work sir
We at IPAM appreciate you sir.
Good work Bro
this clearly opened my head
i am impressed by your teaching !
Great analysis and presentation sir, thank you.
Hi FOG;
Important to remember is that I'm too obsessed with u to the point that I nolonger understand other Lecturers.
I declare u my best World class Lecturer.
Kindly handle for me INVENTORIES.
I swear I will highly appreciate
Same here 😂
great job, thank you sir
this was very helpful. Thank you
My Best tutor
Thanks you for your classes
I wish to be like you
Amazing lecture. Thanks so much 🙏
Good work
Much appreciation from Tanzania
a lot of respect for you sir
Please If there are any costs incurred during break period, how should it be treated
Well explained!
God bless you sir, am so happy coming across this
Difficulty made easy 🎉❤
Great ! Thanks.
Thank you Sir…God bless you
We appreciate ur effort sir 🇺🇬🇺🇬🇺🇬
you are the best FOG
youre really good watching you from zambia ,please you should do group financial statements
Thank you for all your lectures
You are a good Lecture
This is more understandable, thanks so much.
Welcome
Thanks very much sir but I want to ask on the component of cost the third point ....can legal fees be accounted as cost directly related to the asset and also painting of an office can it be cost directly attributed
Hi Sir I Absolutely love your content. Can you please make videos for Financial Instruments And IAS2 Inventories videos please. Thank you with kind regards
Thanks so much Sir. Please can you do a video on accruals and prepayment for us.
GOD BLESS YOU SIR,,
Thank you so much for these lectures.Pls can you do lectures on financial instrument,presentation and leasing.
I can finally understand,, thank you
Good day sir. The dismantling cost, isn’t it supposed to be in present value? I mean, are we not supposed to discount it? Since it is an estimated future cost.
Broo saved my finals thnxx man ❤❤
please do performance management
Good work , I love u
thnks for such great knowledge
can you please make a video on FIFO, LIFO.
Thank you you sir I appreciate your work
Someone please help. Are the 52 videos on financial analysis and reporting the whole syllabus or some topics have been ommitted. Thanks
Your response will be appreciated. I also appreciate for the financial accounting videos .
I passed the examination 💯
Sir, thank ypu very much 🙏🏼🙏🏼🙏🏼
Welcome 🙏🏽
Thanks very much
God bless you 🙏🙏 ❤❤❤❤
Thank you so much sir
Is there a tutorial for IFRS 16 lease?? I can find one on FOG accountancy
Senior God bless you okay.
Thank u pal....
The Best
thanks sir, what is the difference btw Fixed asset and property plant and equipment?
Thank you very much
Thank u sir
thank you
Are site overheads part of the cost
Please, @FOGAccountancyTutorials, why have we not calculated the present value of the dismantling costs?
sir the dismantling should be dicounted to present value right
Thank you so much sir ❤
Awini Carlos Aamusted Campus Kumasi, Acc L300, am very impressed for your delivery, god bless you. but i want to know if the question is silent about about whether the depreciation is a full year or one month ownership, can one use full year depreciation?
Use one month ownership. That’s the default method
from kenya..grateful
Learning from Zambia
What about the initial operating loss?...Where does that one go?
Nice
God bless you🙏🏽
Your videos are really helpful. Can you do me a video on Cost of EQUITY topic and IAS 32
Kumbi this is where my lecturer come to get notes😢😂
😂