Thank you sir for your simplified approach to solving perceived complex questions. The knowledge you display is out of this world. Privileged to have found this page.
Thank you for your hard work sir God bless you 🤲🏾 for always coming through for us☺️ Unpopular opinion But according to my observation i think it will better if we treat the additional information note by note and not as per statement of p/l. Additional information 1, next addition information two for easy understanding sir👍
I will be writing nov 2023 foundation..I pray it favors me...I really want to to understand preparation of financial statement..knowing how to solve the additional information base on accruals ,prepayment,bad debts and all..if I can know this I am good to go sir ..
@@Ezikan please sir I will be writing taxation exam by November diet And it has been your videos I have been watching cos I could not afford a tutorial yet
@afolabiadedayo7534 Value added tax will be released and some other topics. Just give me little more time. I just released the specialized company this evening which is also part of your syllabus. I have lots of demands before me which I am working on one after the other. You will succeed in your exams in Jesus name
Many thanks for the presentation, sir. Very clearly explained. I have a question though. The booking of the revaluation deficit of 900 million nairas is posted against the OCI and the revaluation surplus in the equity section, without preparing the statement of movement in PPE, let's say I only have the trial balance as at September 30. Won't this result in overstating the leasehold property by 900m?
It is the revaluation surplus or deficit that occurred during the year that will be incorporated in property plant and equipment. If it occur during the period, it will be stated in additional information and if the revaluation surplus or revaluation reserve is given in the trial balance, that means, the revaluation has taken place in the previous accounting period, so it will not affect the schedule of property plant and equipment. More also it will be shown as an opening balance in the statement of changes in equity.
Thank you sir for your simplified approach to solving perceived complex questions. The knowledge you display is out of this world. Privileged to have found this page.
Thank God i found this channel today
Glory be to God
Thank you for your hard work sir
God bless you 🤲🏾 for always coming through for us☺️
Unpopular opinion
But according to my observation i think it will better if we treat the additional information note by note and not as per statement of p/l. Additional information 1, next addition information two for easy understanding sir👍
God bless you richly Sir...the explaination is superb
I'm Andrew from Uganda. I'm a CPA student sitting for FR in Match 2022. This is so helpful. Thank you.
Glory be to God
I will be writing nov 2023 foundation..I pray it favors me...I really want to to understand preparation of financial statement..knowing how to solve the additional information base on accruals ,prepayment,bad debts and all..if I can know this I am good to go sir ..
thank you so much sir,watching from zambia and i must say this is great explanation
Glory be to God
Thanks so much for your efforts
Thanks sir,
Please sir, can I have your contact
Great!
Thank you sir
Thank for your input in FR in ICAN
Glory be to God
Thank you sir, I love your lectures
God bless you Sir
God bless you can sir
Amen
Thanks and God bless you sir, pls I want to no if May 2022 Q1 has been solved.
I can't remember those diets I solved
Sir ,please I want you to solve the May 2022 diet for Financial Reporting.
May God continue to bless you and enrich you with more knowledge sir.
Noted
Sir please I need to do a tutorial video for value added taxation please🤲 have searched and searched sir
Noted. It is in my mind.
Let see if work would reach their latest next week
@@Ezikan please sir I will be writing taxation exam by November diet
And it has been your videos I have been watching cos I could not afford a tutorial yet
@afolabiadedayo7534 Value added tax will be released and some other topics.
Just give me little more time.
I just released the specialized company this evening which is also part of your syllabus.
I have lots of demands before me which I am working on one after the other.
You will succeed in your exams in Jesus name
Many thanks for the presentation, sir. Very clearly explained. I have a question though. The booking of the revaluation deficit of 900 million nairas is posted against the OCI and the revaluation surplus in the equity section, without preparing the statement of movement in PPE, let's say I only have the trial balance as at September 30. Won't this result in overstating the leasehold property by 900m?
It is the revaluation surplus or deficit that occurred during the year that will be incorporated in property plant and equipment.
If it occur during the period, it will be stated in additional information and if the revaluation surplus or revaluation reserve is given in the trial balance, that means, the revaluation has taken place in the previous accounting period, so it will not affect the schedule of property plant and equipment. More also it will be shown as an opening balance in the statement of changes in equity.
thank you so much for this. I have a question if it is 80% that the company will loss the case we recognise the amount right
Yes
The questions are loaded
Ok