Thank you for creating this lecture series! I've found my Financial Accounting III textbook to be confusing and your videos help clarify the content I've read.
Most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures
You are welcome from Philadelphia, USA. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
There are several components to how to profit binary options quickly . A resource I found which successfully combines these is the Trevs Exchange Tactics (google it if you're interested) definately the no.1 treatment that I have ever heard of. Look at the interesting information .
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
HI L S, Have you considered Yaeger? www.yaegercpareview.com/ ruclips.net/video/lSRFmpaL0r8/видео.html Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
BECKER Study Material is good but the videos on FAR are horrible. They only tell you to highlight stuff which they might as well done while printing the textbook. Becker assumes you know all about FAR so does not bother to explain in depth at all.
Most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Thanks for the video!! According to Becker these translations gains or losses are unrealized. So I am a bit confused if these would go under OCI or Net Income?
Nice video. The transaction gain or loss at reporting date December 31 is unrealized . So I am confused whether FC gain or loss at reporting date should be shown in net income or OCI.
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
It is unrealized as long as the transaction does not involve cash yet. Since it is receivables, the amount you will receive will depend on the exchange rate on the date the money will be received. All gains and losses incurred in between will have to be reported on the income statement as unrealized. the gain or loss can be temporary; It is only notional for now at least
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are welcome. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
Hi sir, As u said in accounts receivables your home currency need to go down.... Bit confused on this... If home currencies go down then the exporter will pay less currency to acquire home currency.. Then its a total gain to exporter.. Please correct if i am wrong??
No, exportir is company who sell commodities, so we receive payment. If local currencies are weaker, than we will receive lower money. Example, our A/R supposed to be $1000, but the exchange rate is decreasing to $900, than we loss $100, it will gain for importir but lose for exportir
Hi, we have a GST Account due to Canadian dollar. The transactions are simlair to sales tax. Would this account be subject to gains and losses as well?
you are welcome.Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
Most topics do. You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
Thank you Mr. Farhats. My question is from where do we get the exchange rate? Threre is an official exchange rate dollar with other currencies? Thanks in advance.
Supply and demand. You are welcome. Please subscribe and share the channel on social media. Please connect with me: Instagram: instagram.com/farhatlectures/ LinkedIn: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
The year-end G/L adjustment is unrealized. The settlement date transaction is realized. Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
@@AccountingLectures you said that the gain/loss goes on the income statement. If it is unrealized doesn't it go on other comprehensive income. Also, if the gain is unrealized at year end, isn't the whole gain (from transaction date to settlement date) get recorded at the settlement date? You only show the gain from the balance sheet to the settlement date. I'm confused.
It can be done on daily basis. But what's the purpose?Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
Hi Asif,you are welcome. Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
I still don't understand the economy and financial world...each human does the same amount of work..but according to forex they're paid differently in different human made countries... that's the root cause of brain drain..why can't they pay equally all over the world?? In a world where basic human needs remain the same..
Thank you for creating this lecture series! I've found my Financial Accounting III textbook to be confusing and your videos help clarify the content I've read.
Most welcome.
Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Thank you for sharing such a valuable channel. Your presentation was great, clearly understood well summarised and very helpful.👍
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Am in South Africa 🇿🇦 but am grateful 🙏 for your existence
Most welcome. Please visit my website for more resources farhatlectures.com/
Thank you so much sir. You have no idea how much this helped. The eay u explained it was PERFECT. THANK YOU. Keep making more vids
You are most welcome. Please subscribe and share.
If you want to access more resources, check my website: farhatlectures.com/
Connect with me:
Instagram Account: instagram.com/farhatlectures/
Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
Twitter: twitter.com/farhatlectures
i watched the lecture today and i really enjoy it , simple and direct .. thank you very much
Most welcome. Please check my website for more. Start your free trial : farhatlectures.com/
Omg. I found this channel. Hopes this will help me. Imma watch this in next days.
I'm having a hard time in Forex topic.
You are welcome from Philadelphia, USA. Please subscribe and share the channel on
social media.
Please connect with me:
Instagram: instagram.com/farhatlectures/
LinkedIn: www.linkedin.com/in/professorfarhat/
Facebook: facebook.com/accountinglectures
There are several components to how to profit binary options quickly . A resource I found which successfully combines these is the Trevs Exchange Tactics (google it if you're interested) definately the no.1 treatment that I have ever heard of. Look at the interesting information .
That's a good lecture sir. Better than my text books. Much love all the way from Kenya. Subscribed definitely 👍
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
I wish I knew about your lecturers before I wasted my money on Becker. Thanks so much for being so generous in explaining all the details!
HI L S,
Have you considered Yaeger?
www.yaegercpareview.com/
ruclips.net/video/lSRFmpaL0r8/видео.html
Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:
website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
BECKER Study Material is good but the videos on FAR are horrible. They only tell you to highlight stuff which they might as well done while printing the textbook. Becker assumes you know all about FAR so does not bother to explain in depth at all.
Thank you so much I have exams today and I'm struggling with foriegn currency this helps a lot
I am glad. Please connect with me: linktr.ee/farhatlectures
Thank you. Much better explanation than my lecturer
Most welcome.
Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Your lessons are very helpful, i wish i could learn from you in person!
Most welcome. Here's all my courses: farhatlectures.pathwright.com/library/
Thank you for another excellent video!
Thanks for watching! Please connect with me: linktr.ee/farhatlectures
Thanks for the video!! According to Becker these translations gains or losses are unrealized. So I am a bit confused if these would go under OCI or Net Income?
Dear Sir, do you have any currency swaps (derivative video)? With accounting joural?
Did you check my website?
Nice video.
The transaction gain or loss at reporting date December 31 is unrealized . So I am confused whether FC gain or loss at reporting date should be shown in net income or OCI.
Right, in Becker's textbook it states that these translations would be unrealized. Therefore, I believe these gains and losses would be under OCI? 😕
Thank you so much sir , you make it easy to understand
You are most welcome. Please subscribe and share.
If you want to access more resources, check my website: farhatlectures.pathwright.com/library/
Connect with me:
Instagram Account: instagram.com/farhatlectures/
Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
Twitter: twitter.com/farhatlectures
Email: Mansour.farhat@gmail.com
What do I do if the software automatically calculates fx revaluation gain or loss on a monthly basis?
What part of the income statement does the gain or loss appear? Other income or losses, cost of goods sold, sales revenues?
Great explaining!
Glad it was helpful! Thank You. For more, visit my website at: www.farhatlectures.com
I'm confused, my textbook says that the transaction adjustment at the balance sheet date causes a unrealized gain/loss.
It is unrealized as long as the transaction does not involve cash yet. Since it is receivables, the amount you will receive will depend on the exchange rate on the date the money will be received. All gains and losses incurred in between will have to be reported on the income statement as unrealized. the gain or loss can be temporary; It is only notional for now at least
Very helpful video thank you u sirr
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Thanks, I learned a lot sir.
Student from Philippines😄
You are welcome. Please subscribe and share the channel on
social media.
Please connect with me:
Instagram: instagram.com/farhatlectures/
LinkedIn: www.linkedin.com/in/professorfarhat/
Facebook: facebook.com/accountinglectures
What happens when the settlement date is the same as transactions date I.e. no payable or receivables?
Hi sir,
As u said in accounts receivables your home currency need to go down....
Bit confused on this...
If home currencies go down then the exporter will pay less currency to acquire home currency..
Then its a total gain to exporter..
Please correct if i am wrong??
No, exportir is company who sell commodities, so we receive payment. If local currencies are weaker, than we will receive lower money. Example, our A/R supposed to be $1000, but the exchange rate is decreasing to $900, than we loss $100, it will gain for importir but lose for exportir
Hi, we have a GST Account due to Canadian dollar. The transactions are simlair to sales tax. Would this account be subject to gains and losses as well?
awesome instructor..thank u
you are welcome.Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:
website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
Thank you so much😊
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Thanx very informative
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Farhat realized gains
Hi, do your videos/lectures apply to Canadian students as well? Thanks a lot.
Most topics do.
You are most welcome. Please subscribe and share.
If you want to access more resources, check my website: farhatlectures.pathwright.com
Connect with me:
Instagram Account: instagram.com/farhatlectures/
Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures
Twitter: twitter.com/farhatlectures
Email: Mansour.farhat@gmail.com
Dear sir, thank you so much for your lecture. Could you please share us unrealized gain and loss lecture. 🙏🙏🙏
Thank you Mr. Farhats. My question is from where do we get the exchange rate? Threre is an official exchange rate dollar with other currencies? Thanks in advance.
Supply and demand.
You are welcome. Please subscribe and share the channel on
social media.
Please connect with me:
Instagram: instagram.com/farhatlectures/
LinkedIn: www.linkedin.com/in/professorfarhat/
Facebook: facebook.com/accountinglectures
May I know the transaction gain or loss in the first example is realized or unrealized gain or loss？is the $500 unrealized and $4441 is realized gain?
The year-end G/L adjustment is unrealized. The settlement date transaction is realized.
Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:
website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
@@AccountingLectures you said that the gain/loss goes on the income statement. If it is unrealized doesn't it go on other comprehensive income. Also, if the gain is unrealized at year end, isn't the whole gain (from transaction date to settlement date) get recorded at the settlement date? You only show the gain from the balance sheet to the settlement date. I'm confused.
Firstly Thanks for all, sir is there any point in IFRS that i missed plz confirm -
How long we can retain records ??
Sir, can a MTM ( valuation) on a financial instruments, be done on a daily basis or only on reporting.
Thanks
It can be done on daily basis. But what's the purpose?Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:
website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
Thanks sir
Like before watch
it should be OCI not in the NI ??
this is translation gian and loss ??
am i right >>??
What is "it"?
Best 👍👍👍👍
Hi Asif,you are welcome.
Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:
website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
❤❤❤❤❤❤
Thank you and please visit the website for more farhatlectures.com/ Start your free trial!
Funny how the video was made on Nov 16 and im watching 2 years later on Nov 16
Enjoy. Here's all my resources: farhatlectures.pathwright.com/
wow
Most welcome: Here's my advanced accounting course: farhatlectures.pathwright.com/library/advanced-accounting-course-45909/94016/about/
Please can someone me with my assignment 😢
I still don't understand the economy and financial world...each human does the same amount of work..but according to forex they're paid differently in different human made countries... that's the root cause of brain drain..why can't they pay equally all over the world??
In a world where basic human needs remain the same..
is it me or is this chapter skippable? maybe it's my cryptocurrency trading experience...