Month: December 2017

IAS 1 Presentation of Financial Statements

Components of Financial Statements According to IAS 1 Presentation of Financial Statements, a complete set of financial statements has the following components: Other reports and statements in the annual report (such as a financial review, an environmental report or a social report) are outside the scope of IAS 1.

Code of Ethics & Standards of Professional Conduct for Accountant

  Code of Ethics: (a) Integrity – to be straightforward and honest in all professional and business relationships. (b) Objectivity – to not allow bias, conflict of interest or undue influence of others to override professional or business judgments. (c) Professional Competence and Due Care – to maintain professional knowledge and skill at the level

What are the Financial Statements Assertions?

Financial Statements Assertions Financial statements assertions are the representations by management, explicit or otherwise, that are embodied in the financial statements, as used by the auditor to consider the different types of potential misstatements that may occur. Auditors use the financial statements assertions to assess the risk of material misstatements and designing and performing audit procedures to form

How Changes in the Professional Level Can Affect You?

How Changes in the Professional Level Can Affect You? In September 2018 the Professional level of the ACCA Qualification is changing to Strategic Professional. As part of this change, the P1, P2, and P3 exams are being replaced following the June 2018 exam session. This means only the March and June sessions remain to sit these exams. How this

What is Audit Definition?

Audit Definition “The main objective of an audit is to examine the financial statements of an entity to make sure that information provided in the financial statements represents the true and fair view of the entity performance”. Audit Definition helps to understand the objective of the audit function in a company for the stakeholders. Because

ACCA LSBF Class 2018 Notes All Papers Download

ACCA LSBF Class 2018 Notes All Papers Download All Paper Download, you can download the ACCA LSBF Class 2018 Notes All Paper Download by click on the download links given below. LSBF class notes will help you to assist in your exams preparation. LSBF Class notes are in the summarized form and helping many students

ACCA 200000 Members Worldwide

ACCA 200000 Members Worldwide ACCA recently reached a real milestone – it’s 200,000th member. ACCA 200000 Members Worldwide mild stone achieved and To celebrate ACCA has created a transportable wall of member names, featuring every one of ACCA’s 200,000 members. It has also created a digital; the replica of the wall for members to find

ACCA December 2017 Exam Feedback by Students

ACCA December 2017 Exam Feedback by Students What did sitters think of the December sitting? Here’s our feedback for the first 4 days… ACCA December 2017 Exam – Day One ACCA candidates sitting the December P7 exam described it as ‘horrible’, ‘vexing’, and ‘brutal’. You can then throw in some time pressure to create a very

ACCA P3 BPP Exam Tips for December 2017

ACCA P3 BPP Exam Tips for December 2017 YOUR P3 EXAM TIPS BPP’s Big Tip: Students must not underestimate the importance of practicing the 50-marker to help their time management in the real thing. ACCA P3 BPP Exam Tips for December 2017. Examiner’s Big Tip: The syllabus for P3 is very broad, admits the examiner,