Good morning Sir. I thank God for your Candid Teachings. GOD BLESS you tremendously. Please Sir, check Solutions for questions 3 & 4. The questions are almost the same with different of Tax involved but their Solutions are different, not necessarily because of the Tax involved. The error in found in both questions occurred at the beginning of the year (opening inventories), but their adjustment (Cost of Sales adjustment) are different. Thanks. Remained BLESSED.
Good day sir...thanks for the teaching...pls I want to confirm whether this lecture can be used by someone that is writing Corporate Reporting or its just for skills level ?...many thanks sir.
Hi oga ezi,how true is this statement cos it's contradictng what I learnt from your video "if changes in accounting policies are necessary due to new standards or changes in circumstances,entities should apply new policies prospectively. Retroactive application is allowed only if required by a specific standard or if it results in a more reliable and relevant information"
Good afternoon Sir, I am so glad a friend shared this link. God bless you sir. Observation sir, for the retained earnings on example 4, when you wanted to calculate opening balnace for 20x7 you picked the profit from the question which is 8,950 as against the one of the revised income statement. At exactly 1:19:15 Sir
He was correct by picking it, bcos the adjustment was made in the current years retained earnings, in that the overbloated profit caused by the overstatement of closing inventory in 20x6, which was removed before arriving at the revised profit, was now removed in the opening retained earnings of 20x7. I hope you understand it now.
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You are a great lecturer. The world is lucky to have you 🤩
Your number one fan from Ghana. Love you so much. God bless you for helping the world. You are a guru in accounting.
I need lecture of IAS2 Inventory.
Thank you sir.I really enjoy your lectures
You are a blessing to the entire world
Thanks
You are so good : I have real enjoyed your lecture. I salute you. Thanks
God bless you, Ezikan
Your videos has really helped me a lot
Good morning Sir. I thank God for your Candid Teachings. GOD BLESS you tremendously. Please Sir, check Solutions for questions 3 & 4. The questions are almost the same with different of Tax involved but their Solutions are different, not necessarily because of the Tax involved. The error in found in both questions occurred at the beginning of the year (opening inventories), but their adjustment (Cost of Sales adjustment) are different. Thanks. Remained BLESSED.
you are the best lecturer sir
Great lecture
I am thankful of you Sir
Thanks sir, I appreciate your efforts,
Well-done sir. Is a nice and understandable way of doing it
Good job, God bless you sir
Good day sir...thanks for the teaching...pls I want to confirm whether this lecture can be used by someone that is writing Corporate Reporting or its just for skills level ?...many thanks sir.
Not just for skills.
The lecture is for any exams where IAS 8 can be examined
Not just for skills.
The lecture is for any exams where IAS 8 can be examined
@Ezikan thanks sir
Thank you so much Mr symplisty
God Bless you Sir
Thank you, very helpful
thanks for offering knowledge
Very clear. Thank you
Thank you sir. watching your videos helped me in pm
Glory be to God
Thank you so much... this lecture is so helpful
Well done my Prof.
This was so helpful 🙏🏽thank you for this
Good job sir but I have a question.
What is the difference between the example of accounting estimates and changes in accounting estimates?
Example is provision for bad debts. When you increase the provision for bad debts from say 10% to 12% that is changes in accounting estimate
Good day, this is first my first listen to your video, very interesting
Thank you
Hi oga ezi,how true is this statement cos it's contradictng what I learnt from your video "if changes in accounting policies are necessary due to new standards or changes in circumstances,entities should apply new policies prospectively. Retroactive application is allowed only if required by a specific standard or if it results in a more reliable and relevant information"
The first statement, it is application of relevant accounting policy to transactions not occuring before
Good afternoon Sir,
I am so glad a friend shared this link. God bless you sir.
Observation sir,
for the retained earnings on example 4, when you wanted to calculate opening balnace for 20x7 you picked the profit from the question which is 8,950 as against the one of the revised income statement.
At exactly 1:19:15 Sir
He was correct by picking it, bcos the adjustment was made in the current years retained earnings, in that the overbloated profit caused by the overstatement of closing inventory in 20x6, which was removed before arriving at the revised profit, was now removed in the opening retained earnings of 20x7. I hope you understand it now.
Great work
Thank you sir
Am doing ICEAW exams can you help me with tutorials for financial reporting and auditing
Message me on Whatsapp+2348062479843
@@Ezikan alright thanks