this man deserves an award, His school should be proud of having him, I was scared about seeing a question on this topic in exams until I saw this video God bless you sir 🫡🙏🏻
You are really the best accounting teacher so far .. you explain so well that I explain it to my fellow CA students and they're glad .. I've recommended you though. We're waiting for the part 2 sir
Thank you very much sir. your lectures makes Accounts feel much easier. Please continue to teach us the IASs, IFRISs and ISA's. It will make the entire FR and Audit much easier. Your emphatic explanations always helps us understand with joy.. God bless you sir..
Interest on borrowing used to buy machinery, does it qualify for ias 23 treatment? Going by the recognition criteria of identifying a borrowing cost to be on qualifying asset
Benson Limited is constructing a Power Plant which was completed on 31st December 2019. The company obtained a bank loan of R1,000,000 at a rate of 15% per annum to construct the Power Plant on 1st January 2019. As of 31st December 2019, Benson Limited also had the following loans outstanding: I. 18% 5-year loan Note of R1,500,000 II. 14% Debentures of R1,000,000 Expenditures on the project were made as follows: I. On the 31st March 2019, R600,000 was incurred; II. R800,000 was incurred on 30th June 2019; III. The final expenditure incurred was R300,000 on 31st December 2019. During the year Benson Limited invested R400,000 of the bank loan for 2 months at an interest of 9% per annum. Required: Determine the amount of borrowing costs to be capitalized and expensed. Please help
Brilliant. Where is FOG Accountacy located. I want to join your class. Tutorials on Financial Instruments and IAS 12 will be helpful to me Keep on doing the good work.
Thank you boss ..am a CA student and I've been watching your content for a while you've helped me a lot ..I feel like I need to pay you some times😀.. Thanks for the content 👍