Great video as ever, thanks Steve. This has helped me out a lot for March's APM exam! Your content is always super helpful.
@SteveWillisACCA6 ай бұрын
Happy to help!
@birjeshvishani26139 ай бұрын
Thank you for this video. You have helped me by explaining the reason for obtaining the closing 2011 balance
@SteveWillisACCA9 ай бұрын
Glad it was helpful!
@NeelMufc19949 ай бұрын
Another really helpful video! Understand this topic a lot more now! Thanks!
@SteveWillisACCA9 ай бұрын
Glad it was helpful!
@calvinpoon19882 ай бұрын
Thanks for sharing valuable knowledge 💯💯💯💯
@SteveWillisACCA2 ай бұрын
My pleasure
@MsRedmusic2 жыл бұрын
Very helpful ! Highly recommended to watch at least once. Simple and sweet
@SteveWillisACCA2 жыл бұрын
Thanks :)
@FayvaBleu2 ай бұрын
Thanks so much Steve! Something very similar came up today and I am grateful to have solved this with you this morning. Fingers crossed for July!
@SteveWillisACCA2 ай бұрын
Fantastic! Glad it helped.
@FayvaBleuАй бұрын
@@SteveWillisACCAI passed with 78% From PM, FM and now APM, you have been a huge source of help to me! Now an ACCA affiliate! Thank you so much Steve! Blessings to you!
@danielclarke22642 жыл бұрын
Thanks you for your content and expertise, Steve! Very much appreciated.
@SteveWillisACCA2 жыл бұрын
My pleasure!
@dilnozabobomurodova97104 ай бұрын
Thank you sir for this great video. it is extremely helpful:)
@SteveWillisACCA4 ай бұрын
Most welcome!
@SS-sl3mf8 ай бұрын
Thank you so much.God bless
@SteveWillisACCA8 ай бұрын
Glad it helped.
@KCWONG-do4db11 ай бұрын
For EVA, if WACC is using post tax cost of debt, is tax shield a deduction in NOPAT? While WACC using pre tax cost of debt as stated, is tax shield an addition in NOPAT?
@SteveWillisACCA11 ай бұрын
Yes, treat NOPAT as if it was funded 100% equity, so there is no tax benefit at that line. The tax benefit happens at cost of debt in WACC.
@sodiqueenyusfaith8266 Жыл бұрын
Hi Tutor, amortisation for research and development was not charged for the year 2018, why is that? Thanks
@SteveWillisACCA Жыл бұрын
Hi, there's no mention in the scenario the RD project needs amortisation, they simply say there was an expense for the long term benefit of the company. Please see question Arkaig SD19 for an example of when you need to amortise, it; they tell you precisely to do that.
@Dansesuite2 ай бұрын
Hi Steve, great video. Just wanted to confirm that dont we add Increase in provisions and deduct decrease in provisions from Operating Profit rather than the capital employed as this is what ACCA's technical article says; please elaborate. Moreover, shouldn't the tax be 9.5 rather than 9?
@SteveWillisACCA2 ай бұрын
Hi there, tax charge is 9.5--tax paid is 9.0. Any non-cash expense gets reducted from operating profit. With capital employed, the examiner wants you to use OPENING capital employed, so the charges in the current year don't affect the opening capital employed.
@oksanat.6738Ай бұрын
Hi Steve, thank you for the great video. Just one question, why do we not adjust for tax on the other items we deduct from NOPAT, while we do this for interest? Some of other adjustable items may be material and may be tax allowable. Thanks in advance :)
@SteveWillisACCA29 күн бұрын
Hi there, we show 'tax paid' in the NOPAT working, so this includes all the tax savings of the operating costs.
@hollieskeggs942 жыл бұрын
Hi Steve, how many marks would you have got roughly just for the calculation part? So if there are 13 marks how many are we looking to get from the write up? Thanks for this video, it was so helpful.
@SteveWillisACCA2 жыл бұрын
Hi there, I'm glad the video helped :) the numbers are 10 marks, and the discussion is for 3 marks. Make sure you know this topic for next Wednesday.
@francoisnarrainen6413 Жыл бұрын
After tax cost of Debt should be 0.05*(1-0.25) instead of 0.05*(1-0.3)
@SteveWillisACCA Жыл бұрын
Oops! Thanks for catching that--0.3 is so common as the tax rate I must have been in auto-pilot. I'll update that.
@ambujkansal Жыл бұрын
Thanks a lot!
@SteveWillisACCA Жыл бұрын
You're welcome!
@mohamedkasim7897 ай бұрын
Helpful
@SteveWillisACCA6 ай бұрын
Glad you think so!
@colmankiwale1570 Жыл бұрын
Hi Steve thanks for this, i sat for APM in June and got 49 Tommorow i will be sitting for my second attempt, any tips to earn extra marks on how answer you can give for final revision just to edge to 50+ this time
@SteveWillisACCA Жыл бұрын
1. Consider it as a business simulation, not an academic exam 2. Make sure everything you write is helpful to the reader 3. Find the embedded requirements, do exactly that 4. Structure your answer on the verbs you find in the embedded requirement 5. Professional marks--develop your points for professional marks. Use linking words to help you do this. Say, 'however,' 'also,' etc... GOOD LUCK!
@colmankiwale1570 Жыл бұрын
@@SteveWillisACCA Thank you very much well noted i am minutes away to my exam and this is very helpful
@bivvy123819 күн бұрын
No idea
@pheellomokemane98438 ай бұрын
7:23 hi Steve , i cant find link for the practice question
@SteveWillisACCA8 ай бұрын
Please check the description of the video, it's there.
@003mpt8 ай бұрын
I thought the provision amount for the NOPAT calculation would be the increase $1.5M (2-0.5) instead of the $2M. Am I missing something?
@SteveWillisACCA8 ай бұрын
There are two places to deal with this--in the NOPAT, and the Adjusted Cap employed. For the NOPAT, they are giving you the annual charge in the question, so that is the non cash expense to add back.
@francoisnarrainen6413 Жыл бұрын
hi Steve, do you provide tuition services please ? thank you
@SteveWillisACCA Жыл бұрын
Yes, I work for several training companies, but at the moment I don't have an open course. But I will change that this year. If you need help with PM, please check out my site www.accaexamhelp.com. I'll also be posting new APM videos next week.
@rosiemangerona5408 Жыл бұрын
@@SteveWillisACCA Where are the APM videos?
@francoisnarrainen6413 Жыл бұрын
@@rosiemangerona5408 i have seen PM only on his website, i guess next year probably for APM
@meenachimuthuraman98439 ай бұрын
hi Steve, urs APM videos are very useful. do u have APM videos in ur own platform or website as I tried looking for it but I cant find. it would be soo useful if I can ask questions and also watch such videos for other chapters of APM too
@SteveWillisACCA9 ай бұрын
Thanks for your interest, but I'm sorry I don't have that yet.