DFS Article - Revenue Recognition

Steve CollingsSteve Collings Experienced MentorPosts: 997Registered
Hi All,

For those of you studying DFS, there has been an article published on my firm's website which I think is relevant to those of you studying DFS because it talks about revenue recognition (IAS 18). This sort of article could be relevant where the examiner asks you a discursive style question. It is primarily concerned with UK GAAP, as opposed to INT, but the concepts are extremely similar and contain illustrations.

Hope it helps and have a good bank holiday weekend.

Kind regards

Steve.

Comments

  • RinskeRinske Font Of All Knowledge Posts: 2,453Registered
    Ooh more articles to read! Thanks Steve, hope you got a nice holiday weekend too!

    Are you counting down to your actual holiday yet?
  • Steve CollingsSteve Collings Experienced Mentor Posts: 997Registered
    Rinske wrote: »
    Ooh more articles to read! Thanks Steve, hope you got a nice holiday weekend too!

    Are you counting down to your actual holiday yet?

    I plan to have a relaxing weekend if nothing else!! The first half of the year is always an extremely busy time for me, but this year has been particularly busy hence my cutting down on lectures which I am a bit miffed about, but sometimes these things happen.

    I certainly am counting the days to my holiday!! Though as soon as I come back, I'm back on a plane to South Africa to lecture some university students on auditing, so I might need another holiday after that (though I think I'll be pushing my luck LOL!!!)

    Hope the studying's going well.

    Best wishes
    Steve
  • GlynisGlynis Trusted Regular Posts: 488Registered
    [QUOTE=Steve Collings;196144)

    I certainly am counting the days to my holiday!! Though as soon as I come back, I'm back on a plane to South Africa to lecture some university students on auditing,[/QUOTE]

    But can't do a course in the UK because its not viable. Surely it would cost more to do an audit course in africa than it would over here?
  • Steve CollingsSteve Collings Experienced Mentor Posts: 997Registered
    Glynis wrote: »
    But can't do a course in the UK because its not viable. Surely it would cost more to do an audit course in africa than it would over here?

    That's just how the cookie crumbles sometimes.

    Believe it or not, demand for audit courses is more prevalent in South Africa than it is over here where the market is saturated with audit course providers such as Kaplan/BPP where I will continue to recommend you look into if you are going to sit your ACCA F8 in June as I can guarantee they will be doing revision courses.

    Glynis, I have reputable contacts at Kaplan and BPP who will definitely be able to send you some details of their F8 courses so please PM me your email address and I will arrange that for you.

    Kind regards

    Steve
  • RinskeRinske Font Of All Knowledge Posts: 2,453Registered
    Maybe you could stay a bit longer in South Africa to have a bit of holiday before coming back to the UK?

    It does sound like it could be fun! But it also sounds like a really busy time. :lol:
  • GlynisGlynis Trusted Regular Posts: 488Registered
    Steve

    I am going to look at LSBF as they seem cheaper than kaplan and BPP. I must say that its not only me that has expressed how disappointed about your lack of courses but it is you that's losing out at the end of the day. You should review your tactick.
  • katsutlieffkatsutlieff Trusted Regular Posts: 459Registered
    Glynis, deep breath and let it go
  • jow774jow774 Trusted Regular Posts: 465Registered
    Steve, your patience knows no bounds!
  • BluewednesdayBluewednesday Font Of All Knowledge Posts: 1,624Registered
    Unbelievable, I would really recommend not biting the hand that feeds but advice seems to go unheeded on here!
  • AK002AK002 Font Of All Knowledge Posts: 2,492Registered
    Glynis wrote: »
    Steve

    I am going to look at LSBF as they seem cheaper than kaplan and BPP. I must say that its not only me that has expressed how disappointed about your lack of courses but it is you that's losing out at the end of the day. You should review your tactick.

    Lol!!! Oh my!
  • A-VicA-Vic Expertise Guaranteed Posts: 6,970Registered
    Glynis if you spent as much time studying as you did complaining you wouldnt need any tutoring.

    Steve enjoy and have you room in suitcase for one more :lol:
  • RacheyRachey Experienced Mentor Posts: 589Registered
    Glynis,

    Please view:

    http://195.11.5.143/acca/papers/f8/revision.html

    http://www.accarevision.co.uk/f8-revision/

    and i certainly recommend this one, it gives the revision courses available throughout the whole of the country.

    http://www.accaglobal.com/documents/revisioncoursejune2010.pdf
  • GlynisGlynis Trusted Regular Posts: 488Registered
    Thank you Rachey for those links. They are really helpful.
  • JuliaJulia Feels At Home Posts: 78Registered
    Glynis I am a tutor at BPP and teach F8. We are teaching the revision phase at the minute so don't think you will be able to enrol but you should check out your local centres. I know you say cost is an issue but its well worth the money.

    If you need revision for June 10 exams you need to get enrolled on a course ASAP because all reputable providers get booked up.

    if steve isn't doing the courses you need please do not have a go at him! He is extremely helpful and will have very good reasons for not running courses. You should take steve's advice rather than shoot him down in flames when he tells you things you don't want to hear.

    I wish you well with your studies.

    Julia
    BPP
  • LondinaLondina Experienced Mentor Posts: 814MAAT, AAT Licensed Accountant
    Glynis wrote: »
    Steve

    I am going to look at LSBF as they seem cheaper than kaplan and BPP. I must say that its not only me that has expressed how disappointed about your lack of courses but it is you that's losing out at the end of the day. You should review your tactick.

    hahhahahahhahah OMG I can't believe it!!! again!!!!
  • Steve CollingsSteve Collings Experienced Mentor Posts: 997Registered
    Ok, please can I ask (with all due respect) that this thread does not turn into a slanging match please - especially so near to exam time when students need all the help they can get. It can be somewhat offputting.

    The aim of this thread was to highlight an article that is relevant to DFS students, so can we keep it to that please?

    Kind regards.
    Steve
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