Category: ACCA P7 Advanced Audit & Assurance (UK or International)

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

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 and Discontinued Operations

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

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

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

IFRS 2 Share Based Payments

IFRS 2 Share Based Payments Introduction IFRS 2 Share Based Payments has become increasingly common. Share-based payment occurs when an entity buys goods or services from other parties (such as employees or suppliers) and: settles the amounts payable by issuing shares or share options, or incurs liabilities for cash payments based on its share price.

How to Pass ACCA Papers in First Attempt?

How to Pass ACCA Papers in First Attempt? Dear Students, Everybody wants to know How to Pass ACCA Papers in First Attempt? First of all congratulation to all those who have cleared their exam of September, 2017. The result has been announced and many students are celebrating. I would advise to all those who couldn’t

ACCA Short Notes 2018 Free Download

ACCA Short Notes 2018 – 2019 Free Download Dear, students we are going to prepare short notes for you. We are working on ACCA Short Notes 2018 – 2019 Free Download. I have attached one sample format for you. You are most welcome if you want to write short notes for us. You can write

ACCA P7 Examiner Reports till June 2017

ACCA P7 Examiner Reports till June 2017 Hi everybody in this post I would like to share something with you regarding you ACCA P7 paper. During the exam days, everybody is trying to focus on the Book and kit. They missed one important thing, which they should study. If you are attempting this ACCA P7