The most recent Discussion Forum Topics from AccountancyStudents

Question re invoicing - Existing Company and new company about to be formed.

2010-03-18T11:21:18+00:00

I work for an organisation which it is very likely will have a company, with a new name, forming soon. It will be formed by 3 partners breaking away and forming a new company with a new name.

I cannot quote names as it is confidential.

There are set up costs, such as for a web domain and a photographer for the company brochure / website.

One invoice has been sent to the existing company. No problem there. Can be paid and recovered from the new company when it is incorporated.

Another invoice has been addressed to the new company’s name. I have been told to pay from existing company and recover later.

Technically and legally it is incorrect, right?

Thoughts?

VAT Reverse Charge and New Rules

2010-03-18T16:19:17+00:00

How does the VAT Reverse charge system work?
What services are covered in the new arrnagement to provide intrastat return?

Any comments would be most helpful as this seems such a complicated area made even worse (even though HMRC believe the new ideas will ‘simplify matters’)

Free Online Lectures for P7

2010-03-15T15:14:38+00:00

Hi Everyone,

I am a tutor with The Richard Clarke Academy in Belfast (RCABelfast). I am using our youtube channel to post free 10 minute lectures using mind maps for each topic on the P7 syllabus over the next few months.

These will cover everything you need to know on P7 and are absolutely free.

The first four lectures went out last week and are still posted up on the channel. If you subscribe (free) to the channel at the link below it will tell you when a new lecture is posted or go to The Richard Clarke Academy Belfast on facebook and become a fan - the lectures will be posted here also and appear in your facebook newsfeed.

These won’t replace classroom based tuition, but will reinforce the topics to make exam revision more easy.

Youtube channel here: http://www.youtube.com/user/RCABelfast

Facebook here: http://www.facebook.com/home.php?#!/pages/Belfast-United-Kingdom/The-Richard-Clarke-Academy-Belfast/71356924363?ref=ts

Taking F7,F8,F9 by home study - study buddy wanted

2007-08-26T16:12:58+00:00

Hello,

I am taking F7, F8 and F9 in December.

I have just started studying from the BPP text books at home.

Is there anyone doing the same thing who would like to keep in touch so we can help eachother and swap notes and ask questions etc? Thought it would be useful for keeping eachother on track and keep on target as there is only 3 full months to go!

Thanks

Free Online Lectures for CIMA F3 & P3

2010-03-18T09:53:58+00:00

Hi Everyone,

I am a tutor with The Richard Clarke Academy in Belfast (RCABelfast). I am using our youtube channel to post free 10 minute lectures using mind maps for each topic on the F3 & P3 syllabus over the next few months.

These will cover everything you need to know on the subjects and are absolutely free.

The first few lectures went out last month and are still posted up on the channel. If you subscribe (free) to the channel at the link below it will tell you when a new lecture is posted or go to The Richard Clarke Academy Belfast on facebook and become a fan - the lectures will be posted here also and appear in your facebook newsfeed.

These won’t replace classroom based tuition, but will reinforce the topics to make exam revision more easy.

Youtube channel here: http://www.youtube.com/user/RCABelfast

Facebook here: http://www.facebook.com/home.php?#!/pages/Belfast-United-Kingdom/The-Richard-Clarke-Academy-Belfast/71356924363?ref=ts

Accruals and prepayments affecting profit?

2010-03-17T13:34:05+00:00

Hi,

Looking through the past F3 examiners’ reports in the June 2008 one I found the following phrase:

An accrual is an additional expense and hence will reduce profit, whereas a prepayment is an expense paid in advance so when adjusted will increase profit.

Can someone please explain how this is so? As I understand it, when dealing with expenses, the figure shown in the income statement will be the charge for the period. So assuming I have an accrued expense from the previous accounting period, the figure shown in the income statement for this period will be the charge for the period, not the actual charge plus the accrual from the last period, therefore net profit would be the same either way.

What am I doing wrong?

Thank you.

help with the iasb conceptual framework

2010-03-15T18:50:45+00:00

Hi there

I am looking for some advice and help from you guys.

I have to write an essay on the IASB conceptual framework, whether i think it is a good or a bad idea.

I have trawled the internet trying to find peoples opinion on it, but i keep coming up against a brick wall. I am pulling my hair out over this and would be grateful for any info or websites you guys know of that i can look up, or even any journals etc. written about it.

All i need is a starting point that i can then work from.

Your help would be much appreciated.

Kind regards.

Essential module ,Compulsary question

2010-03-15T23:31:46+00:00

Hello, is it true that in Essential module (P1 P2 , P3) if a student skips the 50 marks compulsary question ,attempts section B and gets 50 out of 50 from it, still examiner can fail him/her because the compulsary question was not attempted?

Hello

2010-03-15T10:35:24+00:00

Hello everyone,

My name is Paul, I am 21, and currently in my final year at Teesside Univeristy, studying ‘BA (Hons) Accounting & Finance’. I am hoping to go on to study ‘Msc International Management’ in September for a year, then study for either CIMA or ACCA.

I just stumbled upon this webiste about 10 minutes ago and it looks interesting. I look forward to chatting with some of you!

Paul.

Are these finance and other assignment writing services really cool??

2010-03-16T13:35:19+00:00

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