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 March 2018 exam results Information source is PQmag The ACCA March 2018 exam results are in and for many PQs they make the pretty scary reading. When PQ magazine put out its post-March feedback we said it was a hard F5, tough F7, and a lovely F8! Well, F5 had a 39% pass rate
Becker will stop publishing ACCA Books
It is a very shock move that Becker will no more publish the ACCA books anymore. It is confirmed in the interview with the Becker with a very famous magazine that Becker will stop publishing ACCA books from 30 June 2018.
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
LSBF ACCA Exam Tips for 2018
With your exams just around the corner, we've put together some top LSBF ACCA Exam Tips for 2018 to ensure the work you've put in throughout your course really pays off in the exam hall. LSBF ACCA Exam Tips for 2018 will help you pass your paper on the first go.
What is Agency Theory?
Agency is the relationship where one person appoints another person, delegates him some authority to carry out the tasks on behalf of him. The appointed person is “agent” and the person who appoints is “Principal.” In the context of corporate governance, Directors are agents of shareholders.
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:
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
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
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