Summary
exam preparation
this document gives a comprehensive explanation of fac3764 to help student understand. it also contain examples on every topic and their solutions giving student the edge to write exams with confidence.
wavhoo
Summary
LU 3 - Revenue from Contracts with Customers (FAC3764)
NewThis document was created in preperation of test 1 happening on 12/05/2026. It is a summary of the relevant chapter from Gripping Gaap. This document covers Learning unit 3 which is Revenue from Contracts with Customers.
zanelleduplessis
Summary
LU 1 - Conceptual framework (FAC3764)
NewThis document was created in preparation of test 1 happening on 12/05/2026. It is a summary of the relevant chapter from Gripping Gaap. This document covers Learning unit 1 which is Conceptual Framework
zanelleduplessis
Summary
LU 2 Deferred taxes (FAC3764)
NewThis document was created in preparation of test 1 happening on 12/05/2026. It is a summary of the relevant chapter from Gripping Gaap. This document covers Learning unit 2 which is Deferred Tax
zanelleduplessis
Summary
LU 2 - Income Taxes (FAC3764)
NewThis document was created in preperation of test 1 happening on 12/05/2026. It is a summary of the relevant chapter from Gripping Gaap. This document covers Learning unit 2 which is Taxation
zanelleduplessis
Summary
IAS 16 Property, plant and equipment
A summary of the important definitions in IAS 16, the initial and subsequent measurement of property, plant and equipment on the cost model and the revaluation model, the elements of cost, methods of depreciation, impairment, derecognition, presentation and disclosure of PPE and how to account for changes in the fair value of PPE.
Amieke
Summary
IAS 40 Investment properties
A summary of the definition, recognition, initial and subsequent measurement, the rebuttable presumption and disclosure of investment property as well as how to account for transfers to and from the cost model and the fair value model.
Amieke
Summary
IAS 8 Accounting policies, estimates and errors
A summary of the disclosure standard IAS 8; accounting policies and how to disclose a change in accounting policy, how to disclose changes in accounting estimates and calculate the effect thereof in prior and current financial years and how to correct different types of errors and disclose them
Amieke
Summary
The conceptual framework for financial reporting
A summary of the conceptual framework for financial reporting. Includes the objective, the fundamental qualitative and enhancing qualitative characteristics, the elements, recognition, presentation, disclosure and the going concern assumption. The document consists of an in depth summary as well as a shorter summary of this chapter.
Amieke
Summary
IFRS 16 Leases
A summary of important definitions, lease payments, discount rates, recognition, initial and subsequent measurement of leases from respectively the lessee's and the lessors point of view.
Amieke
Summary
IAS 36 Impairment of assets
A summary of the important definitions in IAS 36, the impairment test and indicator review, recoverable amount and disclosure. Includes an example with journal entries of different scenarios that can occur when an asset is impaired.
Amieke
Summary
IAS 38 Intangible assets
A summary of the definition, elements of the definition, initial and subsequent measurement (amortization and impairment), recognition and disclosure of investment property in terms of IAS 38
Amieke
Summary
IAS 2 Inventories
A summary of the definition, categories, measurement, systems, and net realisable value of inventory as well as the manufacturing cost and application rates and extended credit terms.
Amieke
Summary
IAS 23 Borrowing cost
A summary of the definition, measurement and calculation of borrowing cost (IAS 23)
Amieke
Summary
IAS 19 Employee benefits
A summary of short term employee benefits and the accounting treatment thereof
Amieke
Summary
FAC - Learning Unit 1 - 11 - Notes
Notes and summaries for Financial Accounting 3 - FAC3764 Learning Unit 1- 11
johandrejvv
Summary
IAS 12 Taxation: Various types, current income tax and deferred tax
A summary of different types of taxes, current income tax (calculation, taxable vs accounting profits, temporary and permanent differences, provisional tax payments, presentation and disclosure) and deferred tax (definitions, measurement on the income statement method and the balance sheet method, calculation of the tax base of an asset and a liability, creating deferred tax assets and liabilities and presentation of deferred tax)
Amieke
Summary
IAS 37 and IAS 10 Provisions, contingencies and events after the reporting date
A summary of the types of liabilities, recognition criteria, measurement and disclosure of contingent assets and liabilities according to IAS 37 and how to treat events after reporting date according to IAS 10
Amieke
Summary
Summary Gripping GAAP - accounting (ACCT211)
This document briefly describes what is deferred tax. It includes the difference between deferred tax asset and deferred tax liability
naledimokoatle
Exam (elaborations)
FAC3764 Assessment 9 due 10 October 2023
This document contains the solution to FAC374 assessment 9 due 10 October 2023, using this document as guideline will ensure that you get 90% plus.
Oustandingtutors