Tabaldi provides top quality lecture videos and resources for UNISA students who are studying BCom/pt. Our online classroom helps you pass your UNISA studies.
Thank you so much Richard for breaking down this standard .I now understand it
@TabaldiEducation13 күн бұрын
Glad to hear it!
@jmull9119 күн бұрын
Thanks for the explainer. Really made my understanding of what was documented in my eText much clearer. Also as an Australian watching a South African video I am grateful for international accounting standards being used across the world. Cheers
@TabaldiEducation16 күн бұрын
I am glad it helped! For interest sake, what qualification are you studying?
@harischristodoulou3138Ай бұрын
I was not getting it...I don't know how many times I took it back before he changed that N to Y (reallocation & ongoing activities). Thank you though that was very comprehensive.
@kamohelomaleke9390Ай бұрын
Very helpful 💯 thank you 😊
@TabaldiEducationАй бұрын
Glad it helped!
@veronicamate04Ай бұрын
Very helpful
@TabaldiEducationАй бұрын
Glad to hear it!
@pradeepangunasekaran4089Ай бұрын
Thank you
@TabaldiEducationАй бұрын
You are welcome!
@ItsRauha2 ай бұрын
Thank you
@TabaldiEducationАй бұрын
It is our pleasure
@Funnythefixer2 ай бұрын
Currently doing my BCTA, My confusion is Cleared up thank you so much Sir🙏
@TabaldiEducation2 ай бұрын
So glad to hear it! Good luck with your BCTA!
@lindokuhlelie84862 ай бұрын
You the best
@TabaldiEducation2 ай бұрын
Thank you for your kind words
@ndzalamangobeni44122 ай бұрын
I owe you a cup of coffee
@TabaldiEducation2 ай бұрын
LOL, I love coffee! I hope standard cost makes a little bit more sense now
@accfirst94392 ай бұрын
This is very good. Many lecturers are struggling to teach deferred tax in an understandable way.
@TabaldiEducation2 ай бұрын
So glad it helped :)
@kabelolebina2 ай бұрын
thank you for these 🙏 question: with the rent and electricity ledger accounts, shouldn't the dates on there be the dates of the transactions instead of the date of posting?
@LithubalamMapuko2 ай бұрын
so so good!
@TabaldiEducation2 ай бұрын
Thanks for the compliment. We really appreciate it. We'll be posting more free content in the near future :)
@LithubalamMapuko2 ай бұрын
man you're so good. wow.
@TabaldiEducation2 ай бұрын
Thank you for the kind words!
@KingFaya-ro5lv2 ай бұрын
@@TabaldiEducation thank you so much
@TabaldiEducation2 ай бұрын
@@KingFaya-ro5lv you are welcome! :)
@Joao-tc9rb3 ай бұрын
This is very helpful and informative. However, as much as I try the total balances where the horizontal and vertical columns meet, it never seems to be the same. If possibly may the lecturer or instructor in the video please give his contact details or assist me. Best regards, José
@TabaldiEducation3 ай бұрын
Thank you for the kind words, José. Unfortunately, our lecturers have to prioritise our paying students. Try to double check each column individually and then make sure that you add/subtract correctly where applicable. You will find the difference with a methodical approach. Good luck with your studies!
@Joao-tc9rb3 ай бұрын
Thank you. That's unfortunate. Hopefully, you'll make a refreshed video on this again. Best regards, José.
@sherifatadelakun37293 ай бұрын
Wish I can like this a million times. Thank you very much Tabaldi Education.
@TabaldiEducation3 ай бұрын
Thank you for the kind words!!
@emihlemafuya95693 ай бұрын
well explained.
@TabaldiEducation3 ай бұрын
Thank you, we are glad it helped
@PatrickMothoagae-py2ft3 ай бұрын
❤
@edophoneix13403 ай бұрын
I am studying second year at Unisa. I got distictions for everything at first year level(no mac) but now doing mac at 2nd level is over whelming.
@TabaldiEducation3 ай бұрын
The way you approach MAC is super important. You need to make sure you understand the basic principles of each topic before memorising the formulas. Check out our MAC2601 and MAC2602 courses here: tabaldi.org/product/mac2601/ If you are interested, pop me a mail at [email protected] and I'll give you a 20% discount code ;)
@nkanyisozikhali94523 ай бұрын
Thanks a lot ❤
@TabaldiEducation3 ай бұрын
You are most welcome!
@ncamsilexulu49853 ай бұрын
I am studying at Unisa and Mac module is very difficult for me, I so wish I can get someone who will explain thoroughly. I don't know how I'm going to survive this Mac 🥲
@BIE7723 ай бұрын
Are there any videos covering FAC1502 study units 5 to 10
@TabaldiEducation3 ай бұрын
Not yet but it is coming! For now, you'll need to enrol for our full course: tabaldi.org/product/fac1502/
@bhekaphakathi35093 ай бұрын
11 years later, content is very relevant, big up🎉
@TabaldiEducation3 ай бұрын
Glad you found it helpful!
@parkashmagar84683 ай бұрын
isn't there many things has been changed now how could this be helpful can you explain it
@bhekaphakathi35093 ай бұрын
Yes, things might have changed, but the concepts are still the same. In terms of what are doing, how are we doing it and why is it being done, then study the latest version to grasp the changes
@TabaldiEducation3 ай бұрын
Exactly as you say,@@bhekaphakathi3509! IAS12 has not changed in the last decade. The principles are still exactly the same. The tax rates have changed.
@preciousmasasa55903 ай бұрын
Your vedios are so helpful ❤
@TabaldiEducation3 ай бұрын
Glad to hear it!
@preciousmasasa55903 ай бұрын
Hie where is LU6 UP
@TabaldiEducation3 ай бұрын
In this course: tabaldi.org/product/mac2601/ ;)
@ishmatsitsa4 ай бұрын
thank you very much !
@TabaldiEducation4 ай бұрын
You are welcome! :)
@thabelomphaka4 ай бұрын
Thanks for the video
@TabaldiEducation4 ай бұрын
Our pleasure!
@gudgalchella4 ай бұрын
Thank you so so so much for explaining this. I was lost, but now i'm found :) Or getting found hehe 😀
@TabaldiEducation4 ай бұрын
So glad to hear it! We'll be posting a lot more free content on this channel, so stay tuned ;)
@JackStorm-kh5wx4 ай бұрын
Where will this be used in real life?
@TabaldiEducation4 ай бұрын
This is often used in real life, for example when there is a lawsuit against the company and the outcome will only be known in the future.
@Embodying_Bibi4 ай бұрын
❤❤❤❤❤❤
@ryder11284 ай бұрын
P r o m o S M ☝️
@thabangmahlangu85004 ай бұрын
WHY IS INVESTMENT EXPENSE CREDITED?
@TabaldiEducation4 ай бұрын
Hi Thabang. To recognise the expense, it is debited (see Journal 2 in the video). At the end of the year we close out all income and expense accounts to profit and loss (or retained earnings really). Closing these accounts to the P&L resets their balances to zero for the start of the new accounting period. This is necessary because income and expense accounts are considered temporary or nominal accounts. Resetting ensures that the income and expenses for the new period are recorded accurately, without being mixed with the previous period's figures.
@thobsiethobs60784 ай бұрын
Please can you share a lecture on offsetting and when this is allowed by an IFRSs
@TabaldiEducation4 ай бұрын
We'll be posting more free videos in future, so please stay tuned. In short, under IFRS, offsetting financial assets and liabilities on the balance sheet is generally not permitted unless there's a legally enforceable right to set off the recognised amounts and an intention to settle on a net basis or simultaneously. This rule ensures transparency and reflects the entity's actual financial position and net exposure.
@jabulilesithole234 ай бұрын
Please make FAC1601 LU3,4&5 videos
@jabulilesithole234 ай бұрын
Please make FAC1601 LU3,4&5 videos
@jabulilesithole234 ай бұрын
Please make FAC1601 LU3,4&5 videos
@jabulilesithole234 ай бұрын
Please make FAC1601 LU3,4&5 videos
@TabaldiEducation4 ай бұрын
Hi Jabulile, we have videos covers all the topics of FAC1601. For now, it is only available in our online course here: tabaldi.org/product/fac1601/ Stay tuned to this channel for more free videos in the future. All the best with your studies!
@user-pu1jr3ms6q5 ай бұрын
Tq
@thobsiethobs60785 ай бұрын
🎉🎉🎉🎉🎉Thank you.
@TabaldiEducation5 ай бұрын
There is a lot more free videos coming!
@busisiwekeedzplaydondolo15535 ай бұрын
How do we contact you Prof?
@kaurie12345 ай бұрын
what do we mean by having “major component tax expense”
@TabaldiEducation5 ай бұрын
Hi, do you mind posting the time stamp you heard that term so I can check for you? :)
@kaurie12345 ай бұрын
@@TabaldiEducation its the sub heading for the tax reconciliation note. I just want to understand what we mean by “major components of tax expenses”
@TabaldiEducation5 ай бұрын
@@kaurie1234 The "major components of tax expenses" in the context of a tax reconciliation note typically refers to the detailed breakdown of various types of taxes that a company incurs during a specific period. This can give stakeholders insight into how the company's effective tax rate is derived and the significant factors influencing its tax obligations. Here are some of the components that might be included under this heading: Current Tax Expense (or Benefit): This represents the amount of income taxes payable (or recoverable) to taxation authorities for the current year, based on the taxable income for the period. It's a reflection of the company's earnings that are subject to tax at the statutory rates applicable in the jurisdictions where it operates. Deferred Tax Expense (or Benefit): Deferred tax relates to the tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. It also includes changes in tax rates or tax laws, the creation and release of valuation allowances against deferred tax assets, and adjustments to tax-exemption levels. Adjustments for Prior Periods: Sometimes, a company may need to adjust its tax expenses for errors or estimations made in previous periods. These adjustments are also included as part of the major components of tax expenses. Changes in Tax Rates or Laws: When tax rates or laws change, the impact on both current and deferred tax expenses is accounted for in this period. This can result in significant adjustments to the company's tax expense. Non-deductible Expenses: These are expenses that cannot be deducted from income for tax purposes. Examples include entertainment expenses beyond a certain limit, fines, and penalties. Tax Credits and Incentives: Governments often offer tax credits and incentives for certain activities, such as research and development, investment in certain assets, or operations in specific regions. The effect of these credits and incentives reduces the total tax expense. Withholding Taxes and Taxes on Dividends: Taxes withheld at source on interest, royalties, dividends, and other income, as well as taxes on dividends paid to shareholders, are also components of the overall tax expense.
@kaurie12345 ай бұрын
@@TabaldiEducation You have NO IDEA HOW MUCH THIS IS GOING TO HELP ME❤️❤️😭😭 thank you so much for taking out the time to write this down in full and explain everything in detail. I am starting to see the bigger picture🥺
@TabaldiEducation5 ай бұрын
I am so glad we could help@@kaurie1234 All the best with your studies!! ;)
@tanyaeldemire11325 ай бұрын
Management account is about understanding the problems, using the appropriate principles and equations to solve the issues. Consistent practice until the concepts are understood.
@TabaldiEducation5 ай бұрын
Practice is super important... you need to see how the principles are used
@strininaidoo96795 ай бұрын
Thank you for the clarity in explanation.....
@TabaldiEducation5 ай бұрын
It is out pleasure
@humanbeing8886 ай бұрын
If both company and tax are on accrual basis, there shouldn't be any different because if the prepayment is still sitting on the balance sheet, it wouldn't affect the taxable income
@TabaldiEducation5 ай бұрын
Thank you, that is true. But in In South Africa the tax rules are a bit more complicated than that and Section 23H of the Income Tax Act may result in a temporary difference.
@masegoserapelo51766 ай бұрын
Where can I find videos for the whole module? This lady is so good, i need more of her lectures
@TabaldiEducation6 ай бұрын
Thank you for the feedback. You can find all our courses on our website at www.tabaldi.org If you have any questions, please email us at [email protected]
@yysskk74456 ай бұрын
2:58 : Would the following entry be correct? Cr. Dividend declared $80 Cr. NCI $20 Dr. Shareholder for dividends $100 Thanks
@mrsndreson72816 ай бұрын
Thanks Sir you made it so easy that our teacher was unable to make me understand in 3 hours
@TabaldiEducation6 ай бұрын
We are glad we could help. You can find out more about our courses here: www.tabaldi.org All the best with your studies!
Пікірлер
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kzread.info/dash/bejne/YmV3pNatdKWWqtI.htmlsi=veC30hMQfY_MdRE_
Thank you so much Richard for breaking down this standard .I now understand it
Glad to hear it!
Thanks for the explainer. Really made my understanding of what was documented in my eText much clearer. Also as an Australian watching a South African video I am grateful for international accounting standards being used across the world. Cheers
I am glad it helped! For interest sake, what qualification are you studying?
I was not getting it...I don't know how many times I took it back before he changed that N to Y (reallocation & ongoing activities). Thank you though that was very comprehensive.
Very helpful 💯 thank you 😊
Glad it helped!
Very helpful
Glad to hear it!
Thank you
You are welcome!
Thank you
It is our pleasure
Currently doing my BCTA, My confusion is Cleared up thank you so much Sir🙏
So glad to hear it! Good luck with your BCTA!
You the best
Thank you for your kind words
I owe you a cup of coffee
LOL, I love coffee! I hope standard cost makes a little bit more sense now
This is very good. Many lecturers are struggling to teach deferred tax in an understandable way.
So glad it helped :)
thank you for these 🙏 question: with the rent and electricity ledger accounts, shouldn't the dates on there be the dates of the transactions instead of the date of posting?
so so good!
Thanks for the compliment. We really appreciate it. We'll be posting more free content in the near future :)
man you're so good. wow.
Thank you for the kind words!
@@TabaldiEducation thank you so much
@@KingFaya-ro5lv you are welcome! :)
This is very helpful and informative. However, as much as I try the total balances where the horizontal and vertical columns meet, it never seems to be the same. If possibly may the lecturer or instructor in the video please give his contact details or assist me. Best regards, José
Thank you for the kind words, José. Unfortunately, our lecturers have to prioritise our paying students. Try to double check each column individually and then make sure that you add/subtract correctly where applicable. You will find the difference with a methodical approach. Good luck with your studies!
Thank you. That's unfortunate. Hopefully, you'll make a refreshed video on this again. Best regards, José.
Wish I can like this a million times. Thank you very much Tabaldi Education.
Thank you for the kind words!!
well explained.
Thank you, we are glad it helped
❤
I am studying second year at Unisa. I got distictions for everything at first year level(no mac) but now doing mac at 2nd level is over whelming.
The way you approach MAC is super important. You need to make sure you understand the basic principles of each topic before memorising the formulas. Check out our MAC2601 and MAC2602 courses here: tabaldi.org/product/mac2601/ If you are interested, pop me a mail at [email protected] and I'll give you a 20% discount code ;)
Thanks a lot ❤
You are most welcome!
I am studying at Unisa and Mac module is very difficult for me, I so wish I can get someone who will explain thoroughly. I don't know how I'm going to survive this Mac 🥲
Are there any videos covering FAC1502 study units 5 to 10
Not yet but it is coming! For now, you'll need to enrol for our full course: tabaldi.org/product/fac1502/
11 years later, content is very relevant, big up🎉
Glad you found it helpful!
isn't there many things has been changed now how could this be helpful can you explain it
Yes, things might have changed, but the concepts are still the same. In terms of what are doing, how are we doing it and why is it being done, then study the latest version to grasp the changes
Exactly as you say,@@bhekaphakathi3509! IAS12 has not changed in the last decade. The principles are still exactly the same. The tax rates have changed.
Your vedios are so helpful ❤
Glad to hear it!
Hie where is LU6 UP
In this course: tabaldi.org/product/mac2601/ ;)
thank you very much !
You are welcome! :)
Thanks for the video
Our pleasure!
Thank you so so so much for explaining this. I was lost, but now i'm found :) Or getting found hehe 😀
So glad to hear it! We'll be posting a lot more free content on this channel, so stay tuned ;)
Where will this be used in real life?
This is often used in real life, for example when there is a lawsuit against the company and the outcome will only be known in the future.
❤❤❤❤❤❤
P r o m o S M ☝️
WHY IS INVESTMENT EXPENSE CREDITED?
Hi Thabang. To recognise the expense, it is debited (see Journal 2 in the video). At the end of the year we close out all income and expense accounts to profit and loss (or retained earnings really). Closing these accounts to the P&L resets their balances to zero for the start of the new accounting period. This is necessary because income and expense accounts are considered temporary or nominal accounts. Resetting ensures that the income and expenses for the new period are recorded accurately, without being mixed with the previous period's figures.
Please can you share a lecture on offsetting and when this is allowed by an IFRSs
We'll be posting more free videos in future, so please stay tuned. In short, under IFRS, offsetting financial assets and liabilities on the balance sheet is generally not permitted unless there's a legally enforceable right to set off the recognised amounts and an intention to settle on a net basis or simultaneously. This rule ensures transparency and reflects the entity's actual financial position and net exposure.
Please make FAC1601 LU3,4&5 videos
Please make FAC1601 LU3,4&5 videos
Please make FAC1601 LU3,4&5 videos
Please make FAC1601 LU3,4&5 videos
Hi Jabulile, we have videos covers all the topics of FAC1601. For now, it is only available in our online course here: tabaldi.org/product/fac1601/ Stay tuned to this channel for more free videos in the future. All the best with your studies!
Tq
🎉🎉🎉🎉🎉Thank you.
There is a lot more free videos coming!
How do we contact you Prof?
what do we mean by having “major component tax expense”
Hi, do you mind posting the time stamp you heard that term so I can check for you? :)
@@TabaldiEducation its the sub heading for the tax reconciliation note. I just want to understand what we mean by “major components of tax expenses”
@@kaurie1234 The "major components of tax expenses" in the context of a tax reconciliation note typically refers to the detailed breakdown of various types of taxes that a company incurs during a specific period. This can give stakeholders insight into how the company's effective tax rate is derived and the significant factors influencing its tax obligations. Here are some of the components that might be included under this heading: Current Tax Expense (or Benefit): This represents the amount of income taxes payable (or recoverable) to taxation authorities for the current year, based on the taxable income for the period. It's a reflection of the company's earnings that are subject to tax at the statutory rates applicable in the jurisdictions where it operates. Deferred Tax Expense (or Benefit): Deferred tax relates to the tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. It also includes changes in tax rates or tax laws, the creation and release of valuation allowances against deferred tax assets, and adjustments to tax-exemption levels. Adjustments for Prior Periods: Sometimes, a company may need to adjust its tax expenses for errors or estimations made in previous periods. These adjustments are also included as part of the major components of tax expenses. Changes in Tax Rates or Laws: When tax rates or laws change, the impact on both current and deferred tax expenses is accounted for in this period. This can result in significant adjustments to the company's tax expense. Non-deductible Expenses: These are expenses that cannot be deducted from income for tax purposes. Examples include entertainment expenses beyond a certain limit, fines, and penalties. Tax Credits and Incentives: Governments often offer tax credits and incentives for certain activities, such as research and development, investment in certain assets, or operations in specific regions. The effect of these credits and incentives reduces the total tax expense. Withholding Taxes and Taxes on Dividends: Taxes withheld at source on interest, royalties, dividends, and other income, as well as taxes on dividends paid to shareholders, are also components of the overall tax expense.
@@TabaldiEducation You have NO IDEA HOW MUCH THIS IS GOING TO HELP ME❤️❤️😭😭 thank you so much for taking out the time to write this down in full and explain everything in detail. I am starting to see the bigger picture🥺
I am so glad we could help@@kaurie1234 All the best with your studies!! ;)
Management account is about understanding the problems, using the appropriate principles and equations to solve the issues. Consistent practice until the concepts are understood.
Practice is super important... you need to see how the principles are used
Thank you for the clarity in explanation.....
It is out pleasure
If both company and tax are on accrual basis, there shouldn't be any different because if the prepayment is still sitting on the balance sheet, it wouldn't affect the taxable income
Thank you, that is true. But in In South Africa the tax rules are a bit more complicated than that and Section 23H of the Income Tax Act may result in a temporary difference.
Where can I find videos for the whole module? This lady is so good, i need more of her lectures
Thank you for the feedback. You can find all our courses on our website at www.tabaldi.org If you have any questions, please email us at [email protected]
2:58 : Would the following entry be correct? Cr. Dividend declared $80 Cr. NCI $20 Dr. Shareholder for dividends $100 Thanks
Thanks Sir you made it so easy that our teacher was unable to make me understand in 3 hours
We are glad we could help. You can find out more about our courses here: www.tabaldi.org All the best with your studies!
Great session...thank you!
Glad you liked it!