Summaries of IAS and IFRS Dear students as you know that remembering all IAS and IFRS is a very difficult task. For this, we need Summaries of IAS and IFRS to revise them in a short period of time. We have found two IAS and IFRS summaries by different firms for you to revise accounting
Introduction to Double Entry Book Keeping This part is concerned with the basic principles underlying the double entry system of bookkeeping. We have found a document via which any student can learn about the Double Entry Book Keeping. Bookkeeping is a very basic concept in accounting and all the students should know about it. You can download
First of all, we should know about the professional accounting, what it is? Professional accounting can be defined or understood as the field of accounting which is under a statutory professional accounting body of accountants. What is the Difference Between a Master’s of Accounting and an MBA in Accounting? The members of this body are
Latest ACCA Exam Changes in 2018 From September 2018, we are launching the new ACCA Qualification which means that our exam names and levels are changing. This means the Knowledge level will be known as Applied Knowledge, Skills level will become Applied Skills and the Professional level will be Strategic Professional. For the March and June exam
Latest ACCA Revision Video Lectures for F5 to P7 2018 Dear students, now you can watch all the Latest ACCA Revision Video Lectures for F5 to P7 2018 conducted by the ACCA Pakistan for different attempts at one place. Just click on the download link given below, Latest ACCA Revision Video Lectures for F5 to P7 2018
Latest ACCA P7 Kaplan Slides NOTES 2018 – 2019 In this article you can download Latest ACCA P7 Kaplan Slides NOTES 2018 – 2019 to prepare for the upcoming exams. These slides will help you to revise the complete syllabus in a very short time. Latest ACCA P7 Kaplan Slides NOTES 2018 – 2019 are prepared to help
ACCA P7 Advanced Audit Summary Notes 2018-2019 ACCA P7 Advanced Audit Summary Notes 2018-2019 download in pdf format. You can download the ACCA P7 Advanced Audit Summary Notes 2018-2019 by just clicking on the download link given at the above / end of this post. ACCA P7 Summary Notes 2018-2019 will help you to assist
ACCA LSBF Exam Tips for March 2018 In this post we have shared ACCA LSBF Exam Tips for March 2018, these tips will help you to prepare in the upcoming exams. ACCA LSBF 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.