Hello sir Does the order of workings in consolidation matters thats is working 1 Assets table, working 2 goodwill etc or yu can just make goodwill yur working 1 [Is it allowed] thank you @@SteveWillisACCA
Many thanks Steve! It really eases my preparation for theory that needs to be written to fetch good marks n save time Please keep posting for more topics 👍
Thanks very much. It will definitely help in better presentation. Just one Q, can we make such a table and do analysis as you shown in the video if we are asked to do analysis in (b) part, so how will we write (b)?
Hi Ambuj, It's usually examined together: if part (a) and part (b) are using the same word processing document, just do it in one table. I can't recall seeing a past CBE question where they spread the calculations and then the analysis of the calculations across 2 response areas. Do you have a specific example in mind?
@@SteveWillisACCA ok thanks ...... Also, as you suggested to write analysis of each ratio in the box. Aren't we supposed to do in the paragraphs ? Or can it be done either way ,writing analysis in box looks better ? Thank.
Hi Mr Willis! For the FR exam, in section C, for financial statements preparation questions, is it necessary to prepare the statement of changes in equity in the workings to find out figures for share capital, retained earnings,etc. or will a simple calculation be sufficient (where it is not explicitly asked to prepare the statement of changes in equity)? Thank you
If the question asks for an SoFP or a P/L only, just use individual workings to save time, i.e. in the cell for 'Retained earnings" you can just type, "=100+30-20" where 100 is opening, 30 is profit for the year, 20 is the dividend. You won't get any extra marks for doing a full SoCIE if they didn't ask for one.
Dear Steve! I am confusing with net margin, (my formula: Net Income / Revenue ×100) but you adding Finance cost to net income and then divided by Revenue!
Hi Matthew, thanks for pointing out I am a little ambiguous with my label of that row--rather than calling it 'net profit,' 'Operating profit' margin would have been better. Some of the past exams use 'net profit' as a synonym for operation profit, but I agree it is confusing.
If you go from 2% missed deliveries to 4% missed deliveries, then it's 2 percentage points in absolute terms, or a 100% increase in relative terms. Get it?
Hi sir....your videos are very useful ...your video on calculating ratios F7 is very useful ....can u please upload a video of doing a 20marks GROUP ACCOUNTS SUM in CBE ...it will be very useful if u upload.... i am going to write the exam on March 2020 ...it will be very useful for me ...thank you
Hi Steve, Thank you so much for this video. Is this ok if we do in real cbe exam?? Instead of doing paragraph for performance and position. And I want to ask question about analysis part. How I can improve my analysis part as I am good in calculating ratios but when it comes to analysis part I struggled a lot.can you please advise on this analysis part? I want to score well in that part and ya thanks again for making wonderful video for us..
Sir Thank you for this helpful video🙌🏻 Sir I've a confusion, are there any marks for workings of the ratios or can I skip the second column of workings? So that I can save my time during exam
What a great question! If your figure is correct, you will get full credit. But, if your result is incorrect, the marking team looks at the working to see if you had the right approach, or if there was a small mistake. If yes, can get partial credit. But I see your point! If you just crank out the ratios w/o the workings, you'll get the marks for the correct ones and have more time. But I think it's a little risky.
Thank you for the information but I can only interprate simple reason like Revenue increase thorough aqusition, geraing ratio increase through issue of loan note . I can't interprate hight level . If I got mark in Ratio
Hi Savin, it takes practice--in an exam question, everything is included in the scenario for a reason. See if you can use it as evidence in your analysis.
As Carlos says, I run the typing on fast-forward to make the videos shorter and less boring. You can absolutely pass your exams with a basic proficiency of typing.
@@SteveWillisACCA thank you for your replay sir ! As I already started ratios with out doing consolidated statements will it be ok if I leave ratios in the middle and go for consolidated or finish my ratios and then do the rest plz give your view sir !!
Thank you so much. Your video help me a lot. I'm scared the Ratio analysis too much but now it becomes easier because of your help.
Glad it helped!
Is it ok for dec 2023 fr?
Yes, still relevant in 2024
Hello sir
Does the order of workings in consolidation matters thats is working 1 Assets table, working 2 goodwill etc or yu can just make goodwill yur working 1 [Is it allowed] thank you @@SteveWillisACCA
Thank you for sharing your knowledge. Great help...stay blessed....!
My pleasure!
Many thanks Steve!
It really eases my preparation for theory that needs to be written to fetch good marks n save time
Please keep posting for more topics 👍
Glad it was helpful!
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Thanks very much.
It will definitely help in better presentation.
Just one Q, can we make such a table and do analysis as you shown in the video if we are asked to do analysis in (b) part, so how will we write (b)?
Hi Ambuj,
It's usually examined together: if part (a) and part (b) are using the same word processing document, just do it in one table. I can't recall seeing a past CBE question where they spread the calculations and then the analysis of the calculations across 2 response areas. Do you have a specific example in mind?
@@SteveWillisACCA ok thanks ......
Also, as you suggested to write analysis of each ratio in the box.
Aren't we supposed to do in the paragraphs ?
Or can it be done either way ,writing analysis in box looks better ?
Thank.
Hi Mr Willis! For the FR exam, in section C, for financial statements preparation questions, is it necessary to prepare the statement of changes in equity in the workings to find out figures for share capital, retained earnings,etc. or will a simple calculation be sufficient (where it is not explicitly asked to prepare the statement of changes in equity)?
Thank you
If the question asks for an SoFP or a P/L only, just use individual workings to save time, i.e. in the cell for 'Retained earnings" you can just type, "=100+30-20" where 100 is opening, 30 is profit for the year, 20 is the dividend. You won't get any extra marks for doing a full SoCIE if they didn't ask for one.
Hello Steve, Please will this format still apply for the 2021 sessions?
I am witing in June 2021
Hi Karine! Absolutely yes.
sir could you please make a video showing the working of a full 20 mark question of financial statement analysis
Sure! Which question?
@@SteveWillisACCA hardy
(ques 388 )from kaplan exam kit
Sir, could you please explain how to write Bpp question no 256 Bengal (a) part
Great tutorial! Thank you
You're very welcome!
Dear Steve! I am confusing with net margin, (my formula: Net Income / Revenue ×100) but you adding Finance cost to net income and then divided by Revenue!
Hi Matthew, thanks for pointing out I am a little ambiguous with my label of that row--rather than calling it 'net profit,' 'Operating profit' margin would have been better. Some of the past exams use 'net profit' as a synonym for operation profit, but I agree it is confusing.
It was a very informative video..thanku for this..but do we need to show the formulas of the ratio?? Or just directly show working and calculate it??
Hey there! Just show the working: that is also the formula and the marker will know 100% what you are doing, they look at hundreds of answers.
Hi Steve! Like PM do you have a video series for FR?
Hello, unfortunately not
is this method still valid for june 2024
yes, 100%
How do I find the relative term percentage?
If you go from 2% missed deliveries to 4% missed deliveries, then it's 2 percentage points in absolute terms, or a 100% increase in relative terms. Get it?
@@SteveWillisACCA oh yes thank you Steve!😄🙌
you are welcome :)
good....video...interesting presentation... keep it up
Thanks for the visit
Hi sir....your videos are very useful ...your video on calculating ratios F7 is very useful ....can u please upload a video of doing a 20marks GROUP ACCOUNTS SUM in CBE ...it will be very useful if u upload.... i am going to write the exam on March 2020 ...it will be very useful for me ...thank you
Video created!
Thanks a lot for teach, how to write this kind of answer . Really helpful .
It's my pleasure
Hi Steve! Is this format still valid for Dec 22 exam??
Yes
Very helpful
Glad it helped!
Hi Steve,
Thank you so much for this video. Is this ok if we do in real cbe exam?? Instead of doing paragraph for performance and position.
And I want to ask question about analysis part. How I can improve my analysis part as I am good in calculating ratios but when it comes to analysis part I struggled a lot.can you please advise on this analysis part? I want to score well in that part and ya thanks again for making wonderful video for us..
Sir Thank you for this helpful video🙌🏻
Sir I've a confusion, are there any marks for workings of the ratios or can I skip the second column of workings? So that I can save my time during exam
What a great question! If your figure is correct, you will get full credit. But, if your result is incorrect, the marking team looks at the working to see if you had the right approach, or if there was a small mistake. If yes, can get partial credit.
But I see your point! If you just crank out the ratios w/o the workings, you'll get the marks for the correct ones and have more time. But I think it's a little risky.
@@SteveWillisACCA thank you so much Sir 🙌🏻🖤
Sir this a section c question or section b
Originally a section A queston.
Thank you for the information
but I can only interprate simple reason like Revenue increase thorough aqusition, geraing ratio increase through issue of loan note .
I can't interprate hight level .
If I got mark in Ratio
Hi Savin, it takes practice--in an exam question, everything is included in the scenario for a reason. See if you can use it as evidence in your analysis.
Hi sir! Is this format still valid?
Yes, absolutely
Steve, what is the minimum typing speed that a body I needs to have in order to pass? I noticed that you type really fast. Thanks.
14 to 21 words per minute is good enough
As Carlos says, I run the typing on fast-forward to make the videos shorter and less boring. You can absolutely pass your exams with a basic proficiency of typing.
Hi bro which chapter to do first ratios or consolidates sfp and spl I am a bit confused with the order ..
Start with consolidations -- takes the most mental energy. When you need a break from the difficult topics go into ratios.
@@SteveWillisACCA thank you for your replay sir ! As I already started ratios with out doing consolidated statements will it be ok if I leave ratios in the middle and go for consolidated or finish my ratios and then do the rest plz give your view sir !!
tnx you sir great idea
Thanks a lot! hope it helps on your exam this week.
Thanks
You're welcome--good luck on Wednesday
Hey mr.steve.. will the statement of cash flow be tested in section c for FR examinations?
Hi there! I don't teach FR full-time, best to ask that on Open Tuition.
Hope I knew it before my exam😥
Good luck on your results! Come back for FM.