ever since online classes came into fusion especially at the beginning of form 4, I never really understood poa. it was like that for almost 2 years....now I can confidently say I am understanding the basics and foundations a lot better. Thanks Sir I'm working hard to do well come May 9th 😤 and I know I will do well with your help Sir :)

@adapttuition

2 жыл бұрын

That’s excellent 😊 super happy to hear that you are finding the videos helpful! You can do it, I believe in you! Keep up the good work💪🏽🧠

5 months later and results came out. I got 7 distinctions and a grade 1! I went from a grade 5 to a distinction in poa!! Heartfelt and sheer gratitude to Sir here for creating these videos, rlly breaking it down and explaining from scratch. Thank you Sir! Those of you who are failing accounts rn, don't worry. You have time. If I can go from a grade 5 to a distinction in only 5-6 months using the content on this channel...You can as well!!

@adapttuition

Жыл бұрын

Hey, Alkar :) That is amazing!!! Congrats on your grade 1! You worked hard and deserve your success! I'm happy to know that you found my videos helpful. Keep up the good work and best of luck in the future!

@itzz.aj._

Жыл бұрын

@@adapttuition tysm Sir! :)

@hannahhaytasingh6309

Жыл бұрын

Congrats, God bless you❤💯

@ariszeenabasir10b83

Жыл бұрын

I literally write poa in 3 weeks time and my foundation is not there for the subject hopefully these videos help .... btw they do

@adapttuition

Жыл бұрын

Wishing you all the best 😊 Ideally you should have a foundation but sometimes when the exam comes you can skate by with knowing the later topics. But recently the topics on the paper have been all over the place. So do what you can and give it your best effort!

believe me when I say, we enjoy your lesson and I'm loving studying ACCA so much. thank you so much for your help.

@adapttuition

2 жыл бұрын

Happy to hear that! Keep up the good work!

@nakasliviey2113

2 жыл бұрын

i really appreciate your services and may the good lord bless you for me

@nakasliviey2113

2 жыл бұрын

Am a CPA student doing financial accounting and quantitative techniques and i really want to pass , but with your services am very sure i will make it. am doing ma papers in july

@adapttuition

2 жыл бұрын

You’re very welcome 😊 Happy to hear that you’re finding the content helpful 👍🏽 Keep up the good work 💪🏽🧠

@adapttuition

2 жыл бұрын

I appreciate you too 😊 Blessings to you as well.

You're a definitely mad teacher. Excellent tutor. Just watched your second KZread video today. Am an accounts assistant

@adapttuition

Жыл бұрын

Hi @josephsikazwewilombe7081 Thanks for the compliments, I really appreciate them 👍🏾😊 And, thanks for watching. Best wishes to you!

Glad to see you back Sir!! Awesome video! God bless

@adapttuition

2 жыл бұрын

Thanks Tshya! Good to see you too! Thanks for the support 😁

Thank you soo much. Was struggling with depreciation . Will be using your videos as a guidance

@adapttuition

2 жыл бұрын

Happy to hear that you are enjoying the content and learning from it. I haven't put out a video on depreciation specifically but there are videos where I deal with it (both the straight line method and the reducing balance method). Keep up the good work 💪🏾🧠

Because of you I'm deff getting a One in POA this year.

@adapttuition

2 ай бұрын

You got this Claudia!

Love you mr Chris you really help me with my exam guess what today iam going to write principles of accounting..i really understand your tutor

@adapttuition

Ай бұрын

So happy to hear that you found the videos helpful! Best of luck in your exam tomorrow😊 Let me know how it goes

Good to see you back sir 💪🏽

@adapttuition

2 жыл бұрын

Glad to be back! Thanks for the support :) Much love to you and yours!

greatttt video! Love the motivation at the end too ;)

@adapttuition

5 ай бұрын

Glad you liked it Trinity 😊

I like how you put subtitles, was a very helpful video.

@adapttuition

2 жыл бұрын

Hi, Breanna 😊. Happy to hear you found the video helpful! Yes! Subtitles help a lot! Keep up the good work 💪🏽🧠

thank you so much sir I have learned a lot. I will use the first format of the balance sheet.

@adapttuition

2 жыл бұрын

You are most welcome! Glad you found the content helpful :)

You have really helped me in this Topic. Thank You So Much❤️❤️❤️❤️❤️

@adapttuition

2 жыл бұрын

Happy to hear that you found the video helpful 😊 Keep up the good work 💪🏽🧠

I personally recommend your tutorials. I will appreciate if you can make a video on balance sheet with accrued, prepaid and depreciation

@adapttuition

2 жыл бұрын

Thanks very much! I really appreciate that 😊 Guess what! I am currently editing that exact video you mentioned. It will contain accrued and prepaid revenues and expenses, the provision for bad debts and the current liability section A separate video will be done on the non-current asset section which will deal with depreciation. 😊

@nowherestore11

2 жыл бұрын

@@adapttuition WOW 😳 🙏 I'm grateful. Stay blessed

@adapttuition

2 жыл бұрын

You too! Thanks 😊

Sir I have a poa exam today and I hope your video helps me today. Thanks regardless!

@adapttuition

2 жыл бұрын

Good luck, Sonya! Let me know how it goes 😊

Sir Chris, I love, appreciate, and understand your way of teaching, Sir . I am getting to writing the exams, God's willing June- July 2024, and your videos are helping me.

@adapttuition

8 ай бұрын

Super happy to hear that, Nancy! Keep up the great work 💪🏽🧠 You got this 😊❤️

Thank you so much teacher. I have learned a lot.

@adapttuition

Ай бұрын

Glad to hear that

Mr. Chris thanks once again.

@adapttuition

2 жыл бұрын

My pleasure Johannes! thanks for watching :)

Good afternoon I am enjoying your lessons thank you and I am sharring Keep It Up

@adapttuition

2 жыл бұрын

Hi Beverly 😊 Happy to hear you’re enjoying he videos 😄 Thanks for sharing and keep up the good work 💪🏽🧠

Thank you for helping me understand because I didn't understand a thing when my teacher taught me this

@adapttuition

2 жыл бұрын

Happy to know that you found the content helpful :) Keep up the good work 💪🏾🧠 Yeh, sometimes the way a teacher communicates isn't necessarily understood by all students. So it's good to have other sources of info :)

thank you soooo much for this

@adapttuition

2 жыл бұрын

My pleasure 😊 Glad to know you’re finding the content helpful!

Great tutor indeed

@adapttuition

2 жыл бұрын

Thanks very much, Sharon 😊 Happy to hear that you found the video helpful! Keep up the good work 💪🏽🧠

Lemme try working this and then will tell you if I got it. However, your video is very help, easy to understand. Thank you🙏

@adapttuition

2 жыл бұрын

Did it work?

@mercymkambe2676

2 жыл бұрын

@@adapttuition yes it work but now I have a question with sales and drawings, I have no clue where those go

@adapttuition

2 жыл бұрын

Sales is a revenue and goes in the income statement (as the first item) and not in the balance sheet. If you look at the balance sheet videos in the playlist you’ll see that I dealt with drawings and where it goes.

@mercymkambe2676

2 жыл бұрын

@@adapttuition okay lemme go check for the one dealing with drawings. Basically I should jus leave out the sales

@adapttuition

2 жыл бұрын

Sales is for the income statement, not the balance sheet. In the income statement we calculate net profit/loss which makes its way to the balance sheet. The video dealing with drawings in the balance sheet also shows this.

Sir, so I did this mock exam however it had only 2 columns for us to utilize not 3 as you've shown in the working capital example. Can you help me out with that, please?

@adapttuition

2 жыл бұрын

Hi, I'll see what I can do. I'm supposed to take a break from video making for a bit to focus on my exam classes but I'll see if I can squeeze in this one.

You are the best.

@adapttuition

Жыл бұрын

Much appreciated, Jacob 😊 Thanks for watching 👍🏽 Happy to know you’re enjoying and learning from the content. Keep up the good work 💪🏽🧠

I just have to tell you how amazing you are i never like POA because i didn't understand it but you break down everything to make me understand your amazing keep it up thanks alot sir

@adapttuition

2 жыл бұрын

Happy to hear that you found the content helpful and interesting! And, yes, I totally understand that if you don’t understand something you wouldn’t like it. And breaking it down into pieces is a very helpful technique, I use it even when learning new things myself. Keep up the good work! Feel free to ask questions 😊 I believe in you! You can do it 💪🏽

Im learning it so much easier than i did at school an im wondering if u also do principle of business

@adapttuition

Жыл бұрын

Hi Shania :) Happy to hear that you're finding the videos easy to understand. I don't have many PoB videos as I'm more interested in PoA, Maths, & Add Maths and my content is geared mainly toward those subjects.

@shania4628

Жыл бұрын

@@adapttuition thank you an ill be checking out ur maths videos next

@adapttuition

Жыл бұрын

Hope you find them helpful 😊

Please help me on how to treat interest in capital and drawing in the income statement

@adapttuition

3 ай бұрын

Hi :-) You should check the videos in this playlist kzread.info/head/PL9u_QIMhElluUfYtC6xoM73R2UVPOQNTS Specifically the appropriation account video

Do you have a video on ledgers and t accounts?

@adapttuition

Ай бұрын

I have videos on double entry and those show a lot of t-accounts

Big up you sir on me getting my 2🙏🏾🙏🏾🥳

@adapttuition

2 жыл бұрын

Congrats on your achievement! You worked hard and proved what consistent effort can do. Never forget that, and never give up :)

What about if the question ask extract a balance sheet showing only the Capital and Liabilities?

@adapttuition

8 ай бұрын

Sure, you can do just those two sections only. Unless they specify how to present it (permanence or liquidity) you are free to use either method.

thank you at least now i know how to prepare abalanced sheet ,, i didn't know that it is supposed to balance all the time

@nakasliviey2113

2 жыл бұрын

is it okay if i try out some numbers i send them to you

@adapttuition

2 жыл бұрын

Hi! Happy to hear that you understand the concept now 😊

Hi there, do you mind making a video on the cash Flow Statement

@adapttuition

2 жыл бұрын

Hi! I’d love to but I have a list of topics I’m working my way through and that one is unfortunately quite a way down. Sorry about that

@deandria4463

2 жыл бұрын

@@adapttuition hey sir, are you going to do a break down of the retained earnings statement?

@adapttuition

2 жыл бұрын

Hi! That’s on the to-do list but not near the top unfortunately. A statement of retained earnings sort of resembles the appropriation account You start with the balance at start, add net profit for the period, subtract dividends and transfers and then you get your closing balance There are other details but I don’t think they apply at the CAPE level.

@deandria4463

2 жыл бұрын

@@adapttuition Ok, Thank you. That explanation really helps!!

@adapttuition

2 жыл бұрын

Happy to be of service I would always recommend further research to see what you find. Online and textbooks, from multiple sources.

Can you balance sheet with net book value and accumulated depreciation

@adapttuition

2 жыл бұрын

Hi 😊 There’s a video in this balance sheet playlist that covers that. Here’s the link Balance Sheets | Statement of Financial Position | Depreciation & Non-current assets kzread.info/dash/bejne/faiivJaNhrCbfrw.html

sir but doesn't a balance sheet has net book value and accumulated depreciation?

@adapttuition

4 ай бұрын

Not all the time, it depends on the level that the students are at.

nice vid

@adapttuition

2 жыл бұрын

Thanks for watching 😊 Let me know if you have any questions

My teacher taught me that I should have current liabilities first, non current liabilities second and the capital last. Will CXC mark me down to follow his format?

@adapttuition

4 ай бұрын

Hi 😊 There is no one right format for a balance sheet There are several acceptable formats If however the question asks for a specific format and you do not give it then you will not get full marks. You will be given marks for whatever you have that is correct.

@shaniquereid588

4 ай бұрын

Ok thanks

@adapttuition

4 ай бұрын

Happy to help

29:01 you say it’s order of permanence but current liability came before non current here, I don’t understand

@adapttuition

2 жыл бұрын

Hi, this is the format that shows working capital (current assets - current liabilities) which is something that they can specifically ask for. The non-current assets are before the current assets and on the lower half of the balance sheet the capital is before the non-current liabilities. Hope that helps.

can we get the solved example of balance sheet that includes adjustments ,kindly answer me brother

@adapttuition

2 жыл бұрын

Hi! If you check out the entire balance sheet playlist you’ll find other videos that might help with your request.

Uhhh😩, so I used the format in the textbook b4 u explained the different methods and got the capital in ur trial balance for 1000000😑. I paused the video and tried it b4. I comprehend that u said there are more than one way to do it but now I'm discombobulated. Like which method is accurate during the exams. I'm currently self tutoring using the textbook(principal of accounts for the Caribbean) and wasn't aware of the change in definition. I'm watching ur videos as guidance. So what else has changed? Are these methods now mandatory and the old method obsolete? Help☺️

@adapttuition

2 жыл бұрын

😄 as I said in the video and as you said in your comment there is more than one way to do a balance sheet. The underlying concept of what the balance sheet communicates does not change. If the question doesn’t specify a particular format then use anyone you wish. If they do specify a format then you need to use that one. Unless the formats in the textbook are the horizontal format (left and right split instead of top and bottom like in the video) then they’re not obsolete.

@elikhuman3778

2 жыл бұрын

@@adapttuition kool

How do you know what something is financed by?

@adapttuition

2 жыл бұрын

Hi, the business needs assets/resources. These need to be financed, i.e. paid for. The money to pay for them comes from two possible sources: - the owner via capital, and - creditors via liabilities. Hence the accounting equation: Assets = Capital + Liabilities The balance sheet can be presented in different ways to show this. You can present the assets on top and then show the capital and liabilities below. Or you can use the net asset presentation which shows assets - liabilities on top and capital below. Hope that helps.

I was told that format is what cxc really marks for I'm nervous

@adapttuition

2 жыл бұрын

Hi Tishauna :) If the question asks you for a specific format and you don't follow the instructions then you won't get the maximum marks possible. However, if the question doesn't specify the format you are free to use any format you know. I would always recommend the vertical format as opposed to the horizontal format. And, of course it's either going to be in order of permanence or liquidity. What they are really looking for is if you can classify the assets and liabilities correctly. As in, you put each type of item in the correct section. Current assets in the current assets section Non-current assets in the non-current assets section. Current liabilities in the current liabilities section. Non-current liabilities in the non-current liabilities section. And, deal with the capital calculations correctly. So practice as many as you can but don't panic. You got this :)

Plz do a video on suspence accounts

@adapttuition

2 жыл бұрын

Already done 😊 kzread.info/head/PL9u_QIMhEllvNgNs2TjcOHjARtfMe5VVN

sir i not seeing d balance sheet handout on your site, is it free?

@adapttuition

2 жыл бұрын

Once it’s on the website it’s free to download. I’ll have a look but I’m now gonna start a class so it’ll have to be later

@rakshagopaul204

2 жыл бұрын

@@adapttuition ok no probs

How can you handle depreciation in a financial statement

@adapttuition

Жыл бұрын

Hi Rehema, you can check out this first link to see how to handle depreciation in the income statement - kzread.info/dash/bejne/hGWl19CrY7DVc9I.html And, you can check out this link for depreciation in the balance sheet - kzread.info/dash/bejne/faiivJaNhrCbfrw.html

Poa is tm an i really need help rn

@adapttuition

Жыл бұрын

Hey Kevin 😊 So, my channel has 16 years worth of past paper questions and many tutorials teaching topics from scratch. Take your time and go through them. But pace yourself, don’t go all night as you need sleep.

sir for Balance sheet my teacher says the capital must go last cause that is the end result im confused

@adapttuition

2 ай бұрын

Hi 😊 There are different layouts for the balance sheet They are all based on some version of the accounting equation (also called the balance sheet equation) Assets = Capital + Liabilities Or Assets - Liabilities = Capital Some questions only give you assets and liabilities and that will necessitate having capital last as you will need to find it. In other cases you will have capital and then you are more or less free to use whichever layout you want. There are multiple ways to present a balance sheet. Hope this helps

@Pixe-gv6tt

2 ай бұрын

@@adapttuition ok thank u so much sir

@adapttuition

2 ай бұрын

You’re very welcome!

i did not know that capital does be before d liabilities in order of permanence

@adapttuition

2 жыл бұрын

Yes :) Capital is more permanent than liabilities. The owners "sink" their investment into the business and take out profits as a way to reward themselves/pay themselves back. So their investment stays, but they reap the rewards. The liabilities have to be repaid, principal and interest.

@rakshagopaul204

2 жыл бұрын

@@adapttuition noted

You are really good sir, please I have a more complex question I want you to explain to me

@adapttuition

Жыл бұрын

Hi Davidson 😊 Happy to hear that you’re enjoying the content. Right now I’m focusing on my family as both my wife and stepson are ill and we also have a 3 month old baby in the house. So I can’t promise that I’ll have time right now to assist. Sorry 😕 I hope you are able to find some help though.

@davidsonchinedu2292

Жыл бұрын

@@adapttuition but I saw a question that has legal and professional expense

@adapttuition

Жыл бұрын

Expenses incurred go in the income statement

@davidsonchinedu2292

Жыл бұрын

But additional info says legal and prof expense include solicitors fee for purchase of new freehold land during the year

@davidsonchinedu2292

Жыл бұрын

And is even the confusion

i love you

@adapttuition

Жыл бұрын

😊❤️🙏🏽

Hi,do u tutor students?

@adapttuition

7 ай бұрын

Hi Vanessa, You can check my website for details www.adapttuition.com My form 5 poa classes are Mondays and Wednesdays from 4:00pm - 6:00pm

17:50 well grenada road pothole worse XD

@adapttuition

Жыл бұрын

😂 Have you been to both Trinidad AND Grenada to test your hypothesis?

@Dankroid

Жыл бұрын

@@adapttuition well not exactly, but dang its bad lol

@adapttuition

Жыл бұрын

😅

where the resources coming from? meh mami??

@adapttuition

Жыл бұрын

Maybe 😊

non current assets = fixed assets

@adapttuition

Жыл бұрын

Hi @rookminsingh2884 :) That's correct!

2:45 It comes from China

@adapttuition

2 жыл бұрын

Many things are made there, that’s true.

I genuinely need help

@adapttuition

Жыл бұрын

Hi Jenee :) That's why I put up these videos, so that ppl can help themselves. If you have any questions you can leave them in the comments section. Good luck!

If accounting was a person, it would have been chris

@adapttuition

2 жыл бұрын

😄 thanks for the awesome comment Kimberly. Wishing you all the best 💪🏽🧠

@kimberlymukamba7482

2 жыл бұрын

@@adapttuition lol you're welcome and thank you

@adapttuition

2 жыл бұрын

My pleasure 😊

i feel you wrong ih boss

@adapttuition

Жыл бұрын

Ok 😊 Wrong about what specifically though?

@jasonknight4656

Жыл бұрын

​@@adapttuition nevermind, i thought you were wrong bc i was taught something different but i realized you were right. thank you for helping us students especially since cxc is around the corner :)

@adapttuition

Жыл бұрын

You're very welcome, Jason :) Wishing you all the best!

Please help me on how to treat interest in capital and drawing in the income statement

@adapttuition

3 ай бұрын

Hi, you should check my partnership playlist or specifically the appropriation account.