this guy makes accounting look easy. well presented!!!

you guys are the best. I love this presenter

I like the presenter he's very good

So is it correct that the impairment (cost to sell) isn't taken from the revaluation surplus in OCI?

@opentuition

6 жыл бұрын

Sorry, we do not provide private support by email or private messages, as that defeats the whole point of having forums. Please post your question on the OpenTuition Ask the Tutor forums so that the whole community can benefit. opentuition.com/forum/ask-acca-tutor-forums/ Thank you OpenTuition team

@christoskritikos2290

3 жыл бұрын

My question also. I think you are right and it should be charged against the revaluation surplus.

@andre_tube..

2 жыл бұрын

@@christoskritikos2290 I think so too

Where from this example was taken?(sorry for my english)

nice and valuable lecture

Why is it that your carrying amount is not 13 900 but the fair value amount when you doing the lower of carrying amount and fair value less cost to sell??

@ishanifernando1

2 жыл бұрын

yeah im having same question

@andre_tube..

2 жыл бұрын

It's because of the basis used. The company uses the revaluation model and this means that before reclassifying any asset, we have to revalue it to it's current market price/value. In this case, this is 15.4m. This figure now becomes the new carrying amount of the asset.

if you arent the best.. i donk who is!

What is ppe

@opentuition

3 жыл бұрын

Property, plant and equipment.

Not the example saying Namibia 🇳🇦 😏