Also found on ACCA's website - this video covers the tricky topic of accounting for deferred tax.
Жүктеу.....
Пікірлер: 41
@FreeFlyer8926 күн бұрын
This was very helpful. I was able to understand this difficult topic in just a few minutes. Thanks so much.
@tomclendonaccasbronlinelec7226
25 күн бұрын
That’s heart warming to hear! Thank you
@reng7777Ай бұрын
A BIIIIGGGG THANKS AMIGO! Nobody explains in a deep way DT concepts as you did KUDOS for you!! all the video contains important information but the min 14:55 was key for me!!! thanks
@tomclendonaccasbronlinelec7226
Ай бұрын
Brilliant - thank you for your thank you !!
@hassanmakame9 ай бұрын
That was awesome, finally am able to understand the logic behind accounting for DT, had always been a nightmare!
@tomclendonaccasbronlinelec7226
9 ай бұрын
Thank you - I do believe that accounting is understandable - and then when you get the logic then it becomes much easier
@Optimusprime8095 ай бұрын
Thank you very much Tom! You're very talented at explaining difficult concepts and topics in a simplified manner. I wish I had you as a teacher when I was younger!
@tomclendonaccasbronlinelec7226
4 ай бұрын
Kind words - thank you
@noctisvictory432510 ай бұрын
So helpful Tom, thank you!
@javid374410 ай бұрын
10 out of 10 very useful
@farhanzaman880410 ай бұрын
Thank you so much Tom for creating these great videos to refresh the concepts. Awesome!
@tomclendonaccasbronlinelec7226
10 ай бұрын
And thank you for your thank you Farhan
@chandanamohotty800510 ай бұрын
Kindness totowards your students are absolutely incredible.
@tomclendonaccasbronlinelec7226
10 ай бұрын
It is what makes the world go round
@salmabhanpurawala916610 ай бұрын
Solving these gave me the much needed confidence! Thankyou Tom. I hope you are planning to do these for more topics!
@tomclendonaccasbronlinelec7226
10 ай бұрын
You inspire me! I am glad that you have found the confidence within you
@nitinbaranwal0078 ай бұрын
Hello Sir... This is a student from India... Such a valuable and yet simple video... You are a great teacher❤
@tomclendonaccasbronlinelec7226
8 ай бұрын
Thank you kindly - I wish you all the best
@jnkvngz296510 ай бұрын
thanks Tom
@mdshakhawathosen69138 ай бұрын
Thank you
@nakambachiweza4 ай бұрын
This has been very helpful.Much appreciated
@tomclendonaccasbronlinelec7226
4 ай бұрын
Thank you - good to know
@mehedikhan395910 ай бұрын
Wonderful
@tomclendonaccasbronlinelec7226
10 ай бұрын
Thank you - glad it was useful
@Vineeth-uc7zy10 ай бұрын
Thank You Tom :)
@tomclendonaccasbronlinelec7226
10 ай бұрын
No worries - glad it helps
@chanukkah78616 ай бұрын
Thank you from 🇯🇲
@stevenmhango549610 ай бұрын
This was very helpful 🙏
@tomclendonaccasbronlinelec7226
10 ай бұрын
Good to know - and good luck
@girishpai453810 ай бұрын
sir i tried solving the SBR paper (SBR INT Practise3) i was able to only cover 82 marks in 3hours15min there was so much in depth knowledge but due to the lack of presentation of the answer and time management it created a problem to finish the paper the question was regarding the loss of the company weather it should treat it as DTA through out the year for IAS-12 few were fun where i had a depth of knowledge but few were nasty question.
@tomclendonaccasbronlinelec7226
10 ай бұрын
well done on doing a mock. One will never solve the paper in the sense of getting the answer right and getting 100%. What is key is that you have done it and that you learn from the experience
@girishpai453810 ай бұрын
Sir I tried a second mock I was able to get more time at this mock as for a last one SBR INT Mar/June 23 (22/23) mock I was able to answer better but I faced one problem in sec B regarding the Contingent liab the case was about company that states that It doesn't face any liabilities and doesn't record it in the books and is not liable to the damages as the company is in a clean chit, but should it record contingent liability I know about the theory but it was asked for 6marks or something with less info I didn't know what to write for 6marks I know the theory constructive legal, Restricting costs or any provision etc how to record it but there was very less info to take decision
@tomclendonaccasbronlinelec7226
10 ай бұрын
I am pleased that you are making progress. With a contingent liability at the individual company stage it is a disclosure in the notes (IAS 37) so no liability is recognised - but when it comes to that compnay being acquired then in the group accounts and assessing the fair value of net assets IFRS3 kicks in and the contingnet liability is recognised at its fair value.
@bibekadhikari22987 ай бұрын
Thank you for the video. For example 2, you didn't mention the higher current tax liability. How do we account for current tax liabillity?
@tomclendonaccasbronlinelec7226
7 ай бұрын
If a tax assessment has been raised - then yes it will be a current liability - this is not deferred tax - the entry for a tax liability assessed is Dr PL tax expense and Cr CL tax due
@bibekadhikari2298
7 ай бұрын
@@tomclendonaccasbronlinelec7226 thank you!
@ajaykunwar836810 ай бұрын
you are the best thing i found out recently sir
@tomclendonaccasbronlinelec7226
10 ай бұрын
Thank you Ajay - The Style Council recorded a great track called "You are the best thing" - loved that band
@emilymathew458010 ай бұрын
Hi Tom, i would like to know more about your classes. But i am not able to connect with you on WhatsApp. I don't know why.
@tomclendonaccasbronlinelec7226
10 ай бұрын
If you in the UK - it is 07725 350793 but if you not in the UK my whats app is +44 7725 350793 -
Пікірлер: 41
This was very helpful. I was able to understand this difficult topic in just a few minutes. Thanks so much.
@tomclendonaccasbronlinelec7226
25 күн бұрын
That’s heart warming to hear! Thank you
A BIIIIGGGG THANKS AMIGO! Nobody explains in a deep way DT concepts as you did KUDOS for you!! all the video contains important information but the min 14:55 was key for me!!! thanks
@tomclendonaccasbronlinelec7226
Ай бұрын
Brilliant - thank you for your thank you !!
That was awesome, finally am able to understand the logic behind accounting for DT, had always been a nightmare!
@tomclendonaccasbronlinelec7226
9 ай бұрын
Thank you - I do believe that accounting is understandable - and then when you get the logic then it becomes much easier
Thank you very much Tom! You're very talented at explaining difficult concepts and topics in a simplified manner. I wish I had you as a teacher when I was younger!
@tomclendonaccasbronlinelec7226
4 ай бұрын
Kind words - thank you
So helpful Tom, thank you!
10 out of 10 very useful
Thank you so much Tom for creating these great videos to refresh the concepts. Awesome!
@tomclendonaccasbronlinelec7226
10 ай бұрын
And thank you for your thank you Farhan
Kindness totowards your students are absolutely incredible.
@tomclendonaccasbronlinelec7226
10 ай бұрын
It is what makes the world go round
Solving these gave me the much needed confidence! Thankyou Tom. I hope you are planning to do these for more topics!
@tomclendonaccasbronlinelec7226
10 ай бұрын
You inspire me! I am glad that you have found the confidence within you
Hello Sir... This is a student from India... Such a valuable and yet simple video... You are a great teacher❤
@tomclendonaccasbronlinelec7226
8 ай бұрын
Thank you kindly - I wish you all the best
thanks Tom
Thank you
This has been very helpful.Much appreciated
@tomclendonaccasbronlinelec7226
4 ай бұрын
Thank you - good to know
Wonderful
@tomclendonaccasbronlinelec7226
10 ай бұрын
Thank you - glad it was useful
Thank You Tom :)
@tomclendonaccasbronlinelec7226
10 ай бұрын
No worries - glad it helps
Thank you from 🇯🇲
This was very helpful 🙏
@tomclendonaccasbronlinelec7226
10 ай бұрын
Good to know - and good luck
sir i tried solving the SBR paper (SBR INT Practise3) i was able to only cover 82 marks in 3hours15min there was so much in depth knowledge but due to the lack of presentation of the answer and time management it created a problem to finish the paper the question was regarding the loss of the company weather it should treat it as DTA through out the year for IAS-12 few were fun where i had a depth of knowledge but few were nasty question.
@tomclendonaccasbronlinelec7226
10 ай бұрын
well done on doing a mock. One will never solve the paper in the sense of getting the answer right and getting 100%. What is key is that you have done it and that you learn from the experience
Sir I tried a second mock I was able to get more time at this mock as for a last one SBR INT Mar/June 23 (22/23) mock I was able to answer better but I faced one problem in sec B regarding the Contingent liab the case was about company that states that It doesn't face any liabilities and doesn't record it in the books and is not liable to the damages as the company is in a clean chit, but should it record contingent liability I know about the theory but it was asked for 6marks or something with less info I didn't know what to write for 6marks I know the theory constructive legal, Restricting costs or any provision etc how to record it but there was very less info to take decision
@tomclendonaccasbronlinelec7226
10 ай бұрын
I am pleased that you are making progress. With a contingent liability at the individual company stage it is a disclosure in the notes (IAS 37) so no liability is recognised - but when it comes to that compnay being acquired then in the group accounts and assessing the fair value of net assets IFRS3 kicks in and the contingnet liability is recognised at its fair value.
Thank you for the video. For example 2, you didn't mention the higher current tax liability. How do we account for current tax liabillity?
@tomclendonaccasbronlinelec7226
7 ай бұрын
If a tax assessment has been raised - then yes it will be a current liability - this is not deferred tax - the entry for a tax liability assessed is Dr PL tax expense and Cr CL tax due
@bibekadhikari2298
7 ай бұрын
@@tomclendonaccasbronlinelec7226 thank you!
you are the best thing i found out recently sir
@tomclendonaccasbronlinelec7226
10 ай бұрын
Thank you Ajay - The Style Council recorded a great track called "You are the best thing" - loved that band
Hi Tom, i would like to know more about your classes. But i am not able to connect with you on WhatsApp. I don't know why.
@tomclendonaccasbronlinelec7226
10 ай бұрын
If you in the UK - it is 07725 350793 but if you not in the UK my whats app is +44 7725 350793 -
@tomclendonaccasbronlinelec7226
10 ай бұрын
But you can always email me clendon@hotmail.co.uk