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God bless you, you simplified it for me ❤

Hey, thanks for this . Your insight into this is refreshing. I love the way you handled the FA split into Debt and equity before you started talking about their classification. It makes it easy to follow. Well done Bro. Check again the split of compound instrument. Total to deduct from the face value of the instrument is the PV of the principal and the PV of the interest. It is the 2 PVs that constitute the liability. I think you omitted the PV of the principal , that’s why your deduction was small. Well done Bro.

@ronasacademy

11 ай бұрын

Well noted.

Thanks for the simplification

Wonderful presentation

I am from Nigeria and i love your video lectures. You are calm and relaxed in passing the lessons across. I look forward to learning more from RONAS Academy

@ronasacademy

Жыл бұрын

Thanks for the feedback sir

Many thanks sir

Great and simple explanation

nice presentation

This guy is good. Please take time to do proper videos on all your lectures and you will go places. It can always get better,

@ronasacademy

Жыл бұрын

Thanks sir, noted.

powerful voice

You explained it very well Can you please do Journal entries and also do the schedule or how we can use the financial calcator to calculate effective interest and the closing balance Kind regards

You are an expert brother. Well expressed. Keep it up.

@ronasacademy

Жыл бұрын

Thanks Please

I real like your vedios bro,they are trully helpful to me

@ronasacademy

Жыл бұрын

Thanks for the feedback

Thank you so much, it last I understand

@ronasacademy

Жыл бұрын

Thanks for your feedback

Thank you sire. Keep it up.

God bless you

@ronasacademy

8 ай бұрын

Amen! Thanks for your feedback.

@ronasacademy

8 ай бұрын

Amen! Thanks for your feedback.

So if an entity sells one of its assets but they do not mention that risk and rewards were transferred to another party we do not derecognise it from the books

@ronasacademy

2 жыл бұрын

The standard provide guidelines in derecognizing financial asset when it comes to risk and reward being transferred. The guidelines are below for your perusal. These tests can be framed as a series of questions. 1 Have the contractual rights to cash flows of the financial asset expired?  If the answer is “yes” - derecognize the financial asset  If the answer is “no” - ask the next question 2 Has the asset been transferred to another party?  If the answer is “no” - the asset is retained (not derecognized)  If the answer is “yes” - ask the next question 3 Have substantially all of the risks and rewards of ownership passed?  If the answer is “yes” - derecognize the financial asset  If the answer is “no” - the asset is retained (not derecognized)  If the answer is “the risks and rewards are neither passed nor retained (i.e. some are passed but some kept)” - ask the next question 4 Has the asset been transferred in a way such that risks and rewards of ownership have neither passed nor been retained but control has been lost.  If the answer is “yes” - derecognize the financial asset  If the answer is “no” - the asset is retained (not derecognized) This all sounds very complicated but what it means is that a financial asset is derecognized if one of three combinations of circumstances occur:  The contractual rights to the cash flows from the financial asset expire; or  The financial asset is transferred and substantially all of the risks and rewards of ownership pass to the transferee; or  The financial asset is transferred, substantially all of the risks and rewards of ownership are neither transferred nor retained but control of the asset has been lost. Thank you.

u Ronas, u have to give practical examples, the theories are not enough

@ronasacademy

Жыл бұрын

Noted Sir