Accounts receivables (Malay version)

I accidentally saved this screenshot. Maybe you can look at this and maybe you can understand the concept of accounts receivables. 

Remember, when you do sales, you can either receive cash or cheque due to the payment made by them (customer). But when you've made your sales and you receive nothing accept the promises made by them (customer), then you'll need to remember their names. It is because they are now owing you! So in a way, your asset in terms of Accounts receivables appears in your life. You own them because they are holding your money!... 

When they pay, you need to reduce the amount they are owing because you received their money. So the total receivables will eventually become lesser and lesser because of the payments made.

I think I'll a movie director after I retired.....

Suspense Account - The Video

Assalamualaikum and dear students

This video was taken during the foundation class held at the college recently. It is very useful for those who are now studying this topic. Well it is an important topic and when I say it is important than it is VERY IMPORTANT! Hehe.

As it is in the video, so you guys can play this over and over again..... So please, read the notes regarding the suspense account and watch the video.

Errors and Correction of Errors

Errors Which do not Affect the Trial Balance

Accounting errors that do not affect the trial balance fall into one of six categories as follows:

1. Error of Principle
2. Errors of Omission
3. Error of Commission
4. Compensating Error
5. Error of Original Entry
6. Complete Reversal of Entries

You can also refer to the video below which I've made specially for you. Even though the video is not really good but still it was made in front of small audiences. So stay put. It has Part 1 and Part 2.

Part 1

Part 2

Control Accounts

An introduction and simple exercise.

There you go! As much as I want you to succeed in my paper, I am also attaching the simple notes for the control accounts. There is also an exercise, for me it is just for an entry level. Still, you guys need to look at it. Put away your ego and learn!

Ready for take? ACTION!

Am I an artist? Hmmm...

Done for the introductory shot at the ODL Centre. The video can only be seen in the portal. You want to see it? You need to enrol to this course.  Hahaha!

We are having fun learning!

CBA1133 Assignment

Assalamualaikum and dear students,

The moment you are waiting for has finally arrived. The assignment as I said it either be easy or hard, actually it depends on you. So enjoy this video and make sure you submit this on time or before 27 February 2020. Not late than that or else your marks will be zero!

Good luck to students who always absent in class, I wish you all the best and pray hard and even harder to pass your exam coz I just don't give a damn about it.

The assignment featuring Belantara as the background song. It was one of my favourite band decades ago.

ODL - Cashbook - Exercise 2

Again?

Well, since I have nothing to do so I make you to do something for yourself. A good example on cashbook. This time around, the business has a brought down figure. So just write down the figure at the correct side either debit or credit side then post the entries to the cashbook.

Hope you guys benefits from it!

ODL - Cashbook - Exercise 1

Assalamualaikum and hi to my dear students.

As much as I want yo to succeed, here I've prepared a video on how to answer the cashbook question. The softcopy of the exercise can be obtained HERE. Click the link and run the video. InsyaAllah, it saves some time and you can focus on other things in the class.

Enjoy the video.

Don't forget to subscribe the channel okay!

ODL - Recording transactions

Assalamualaikum and hi students,

Attached is the ODL exercise, click the link to download the exercise and you can learn also by watching the video below. You may need an earphone because you need to focus and your eyes only to the video. Sorry if the quality is unsatisfactory but you will appreciate it when you understood. Bring it on!

Preparation of Final Accounts for Beginners: Part 2

Assalamualaikum and hi students,

This is my second video for the preparation of final accounts. Like previous we will begin with the trial balance and then we will construct two financial statements that are Statement of Profit and Loss and Statement of Financial Position. 

Hope this will benefit you. At least you have the advantage of doing revision by watching this video. Make sure to download the question HERE and  put on your earphone.

Preparation of Final Accounts for Beginners: Part 1

Assalamualaikum and hi students,

This is one of my first video for the preparation of final accounts. We will begin with the trial balance and then we will construct two financial statements that are Statement of Profit and Loss and Statement of Financial Position. 

This is for the beginners' level. Sorry for the lack of lightings as well as the sound quality is not really good, but hey for the sake of learning, please bear with me on this.

I'm attaching the question I took from my handbook and you can download it here by clicking THIS

Assignment 1 - CVP Analysis

Assalamualaikum and dear students,

Download the files or you may watch it online for your assignment 1 for Management Accounting. In a group of 4, you may work this out and submit to me on 28th February 2020.

The video for this is here....
Assignment 1 - Cost Volume Profit Analysis

Cost-Volume Profit Analysis - Hijab Empire

Break-even Point

Exercise 1

Sahera Manufacturing produces a satin hijab by the name of Hijaberz. Below are the information regarding the production of the above product.

Selling Price          RM80

Variable cost

Satin cloth(m)        2 metres@RM14/metre

Label (pc)              2 pcs@RM1.50/pc

Direct labour          1.25 hours@RM12/hr

Rental of shop       RM20,000 per year

Other fixed cost     RM15,000 per year

Production units    2000 pcs.

Required;

    1. Break-even point (units) and RM. 
2. New BEP in the Sahera wants to put additional profit of RM25,000.
3. If Sahera engage Mira Faezah as her hijab model, she needs to pay additional RM8,000. What will be her new BEP without the additional profit plan.

Exercise 2

A newcomer in hijab industry, Nadia, came out with a new design of hijab with a new tagline ‘Hijab for all’. Currently she produces 3000 pcs limited edition hijab this year with the following cost.

                 

Selling price          RM100

Variable cost

Secret cloth           1.5 metres@RM20/metre

Label (pc)              1 pc@RM2.20

Direct labour          1.75 hours@RM14/hr

Rental of studio    RM15,000 per year

Model contract      RM10,000 per model (standard)

During the year, she engaged 1 female and 1 male models to promote the hijab plus the advertisement cost of RM10,000. The male model received 40% lesser than the standard contract.

Required;

You have been asked to calculate the BEP (units) and RM for the said hijab.

   

    Since there are two big competitors in the hijab industries, Nadia has approached Sahera to join forces and create a new business entity called ‘The Hijab Awakens”. The rental cost of both business can be combined and reduced by RM5,000 while Mira Faezah, the existing model asking for an increase to her contract by 20%. It has been agreed that a new label be introduced at RM2 per piece for every hijab produced. The production units remain.

• Calculate new combined BEP(units) and RM
• Comment on the merger of the two businesses