Sir san Po ulit galing Yung 270,000

Is this applicable for the real estate sale of RFO units on installment basis? or mas applicable yung IFRS 15, that full revenue must be realized when the RFO units has been delivered regardless the status of collection?

TLDR: Proper accounting treatment and careful consideration of methods like percentage of completion and zero profit are essential for recognizing revenue and calculating gross profit for long-term construction contracts. 00:00 🏗 Long-term construction contracts involve negotiating the timing of revenue recognition and using methods like percentage of completion or zero profit to calculate progress and profit. 09:07 🏗 AMG Construction has a long-term contract with PG Towers for a building, with annual payments not exceeding costs, and the challenge is recognizing gross profit from 2018 to 2020. 15:16 🏗 Long term construction contracts use POC and ZPM methods to recognize revenue over three years, with the timing of gross profit recognition in 2018, 2019, and 2020 being the main issue. 19:58 🏗 Properly account for cost incurred and use percentage of completion method to calculate gross profit for long-term construction contracts, deducting recognized profit from previous years and considering the zero profit method. 27:35 🏗 Long-term construction contracts are accounted for differently under the percentage of completion method and zero profit method, with revenue recognition varying between the two methods. 38:20 🏗 Long-term construction contracts require careful accounting treatment, including recognition of contract billings and construction in progress, and immediate recognition of anticipated losses due to changes in estimated costs. 46:20 🏗 The total expected profit is 140,000, with a loss of 45,000 for 2019 and an estimated profit of 140,000 for 2020, discussing the calculation of gross profit and accounting treatment for anticipated losses on long-term construction contracts. 58:31 💡 Long-term construction contracts require completion of project with zero balance, presentation of difference between construction in progress and progress billings as current asset or liability, and potential combination of construction in progress and progress billings for interrelated projects.

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hi sir, hoping na mareplyan. question lang po. since meron nang CREATE effective 2021, tama po ba na repealed na sir IAET- 10%? tho hindi retroactive. kaso ang concern ko po is si section 42 ng revised corp code na bawal pa rin ang surplus retained earnings (tho walang mention sa 2nd paragraph na penalty). nasupersede po ba ni CREATE si RCC- Section 42? thank you!

Video for installment sales of real estate pls. Tnx

Dear Friends, I have a question: 1/ Who will write the corporate governance report?. Who is receive this report?. Thank you.

ang galing ni sir!

Asa po gamiton ang Gross Profit Realization method kung dili sya applicable sa installement sales?

hi sir may i ask san galing yung 800,000? and pano naging 30%? dahil ba sa corporate tax na 30%? bandang 16:37 po

sir what will happen to the downpayment if there is substantial performance pero refundable?

Good evening is there anyway to contact you for inquiries?

THANK YOUUUUU kaayo sir. makatabang kaayo para sa akoang explanation. God bless. <3

Maayo jud ning mga bisaya. Lamat Sir.

8,300,000

Hello sir ask lang po if yung 30% sa general co-partnership still applicable today in 2023 or nabago na po ang rate? Thanks po

thank you for this info.

really helpful yung video nyo po, buti nalng sinend ng instructor namin ang link ng video kasi ngayon nag ttake na kami ng governance na subject. sana maka survive sa bsa manifesting to get the degree and makapasa sa board when the time is right

Hello Sir. Thank you for for this very informative video presentation. This is very helpful. What's your reference for this topic? Or, if you referred this from a book, what book is it and who is the author? Again, thank you and God bless.

Hello po sir ask ko lang po kung old po ito or package 1?

how to properly signify to use 8% tax rate?

Hi sir add more vids like these... I am taking the board exam and this is really helpful for me

sir paano po pag periodic inventory system paano po yung account titles for consignor pag nagrecord ng transfers of goods good for consignment

Hi sir! Ask ko lang po sa exercise sa last part. Sa year 2020 Q1 is 140k and Q2 is 115k in which nakuha ko naman but nalito ako sa sa question itself na ano po yung pinagkaiba nila? Is it because of the situs po ba and sa nolco? For my computation po sa 2020: Q1: 500K - 400K = 100K 60K - 20K = 40K Total = 140K Q2: 500K - 400K = 100K 60K - 10K - 35K = 15K Total = 115K Thank you po! Hoping masagot po 🙂

Sir hello po, ano difference ng Right to Use and Right to Access. Thank you po

Hi Sir.. Ask lang po. Pag nag avaio ng 8% ITR tapos nag withhold si client ng 5% on income from profession.. deductible ba sya sa tax due ang withholding tax?

Hi can you do a video on how to compute Royalty fee of a restaurant having a service charge industry

Pede ba ibayad yung previous years overpayment sa current year penalty?

Hi po, pas ask naman po ako, kasi nag try po ako magfranchise ng parang shawarma business. and the franchisor asks 40% and mine will be 60% of the total sales, masyado po ba yung mataas yung inaask ni franchisor? parang di na po sya royalty fee para po kasing naging partnership nangyari pero ako po ang nag gastos sa rental and renovation and furnitures. tamo po ba ito? they plan to pay the monthly rental around 15k pero ako po magbabayad ng dalawang tao parang 20k per month then for the electricity and water bills hati po kami. sana po makahelp kayo. ty po

thank you po!

thank you po!

Better po ang Itemized, Sir since lower ang tax due po.

thank you, sir! this was very helpful.

Thank you so much sir for the very informative lecture. 😍

Thank you so much for this lecture, sir!

Hi Sir! We need more of your lecture videos!😅 Madali kong na understand yung topic, thanks to you! Beke nemen ACCE 411 topics po😅😅😅

pwede din po ba e ano niyo po😢 RULES FOR THE DISTRIBUTION OF PROFIT OR LOSSES

Good afternoon sir

good evening po sir, tanong lang po dun sa part ng GPP di po kasali sa computation yung mga passive income po? yung winning po, royalty, etc.?

12:19

aware po ba kayo kung meron ba express stipulation sa bsp sa tax rate po ng donations

Sir, question lang po regarding dito. "if the partnership sustains a net operating loss, the partners shall be entitled to deduct their respective shares in the net operating loss from their respective shares in their net operating loss from their individual gross income" Yung loss po pede pa rin gamitin ng individuals tapos hindi na po pwede gamitin sa nolco ng partnership?

Thank you po sir 😊

Ask lang po, Ang estate tax penalty po ba ay dahil sa kung kelan mo na ipanotary yung EJS at hindi mo ito kagad naifile sa BIR OR ano po ang dahilan kung bakit nagkaka roon ng penalty sa estate tax. Katulad po ng EJS ko, Buyer po ako, yung seller Nagbigay ng EJS MARCH 2021, namatay ang asawa sa US last October 2019. May penalty na po ba yung EJS ko dahil (1 year and 4.months npo ito) deed of sale po May 2022. Please advise po. Maraming Salamat po 🙏

San po yung computation? HAHAHAHA

Sir, tanong, why not just deduct the actual employees that left and then adjust it for the additional actual employees that left?

correct me if im wrong po ... di po ba dapat 660 000 ung sa 2nd example na world tax credit?

sir , what is the difference on common carrier tax 3% and 2.5% gpb ?

Hi sir pag po ba raffle winnings like electronics exempted po ba sya sa final tax o hindi po?

Midyear po how much taxable ??