What does the Examiner want from Students? This is the first question of every student when he couldn’t pass the paper. He wants to know that what did he do wrong in the paper so that he could pass it. What does the Examiner want from Students? The answer to this question is now right
ACCA Exam Tips for June 2018 We know that everybody was waiting for the ACCA Exam Tips for June 2018. Now here they come, we got ACCA Exam Tips for June 2018 from PQMAG (source). You can read ACCA Exam Tips for June 2018 to just get some expert suggestion. Exams are coming in the next month and everyone
ACCA F7 Short Notes Dear students, you can download the ACCA F7 Short Notes by clicking the download link given below. These notes are created by the Sir Zeeshan Hasan. He also gave online tuition (AccountanSea) to the students, you can contact him via contact details given in the notes. We hope that these ACCA F7 Short
ACCA BPP Exam Tips for March 2018 In this post we have shared ACCA BPP Exam Tips for March 2018, these tips will help you to prepare in the upcoming exams. ACCA BPP Exam Tips for March 2018 are the important topics which can be examined in the examination. Please try to focus on the
Elements of the Income Statement In this post, we are going to learn about the elements of the income statement. First of all, we should know what is income and what is an expense? We also call income statement as a profit and loss statement. To learn about the income statement, every student should have
The Elements of Financial Statements
The qualitative characteristics are applicable to all information contained in the financial statements. The following elements of the financial statements will be considered separately:
IAS 8 Accounting Policies are the principles and rules applied by an entity which specify how transactions are reflected in the financial statements. Where a standard exists in respect of a transaction, for example, IAS 8 Accounting Policies and estimates, the accounting policy is determined by applying that standard.
IFRS 5 Non-current Assets Held for Sale IFRS 5 Non-current Assets Held for Sale and Discontinued Operations says that a discontinued operation is a component of an entity that has been sold, or which is classified as held for sale, and which is: a separate line of business (either in terms of operations or location) part of
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: (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