ACCA GLOBAL

28 Nov 2024 18:30

Don't miss time management

ACCA GLOBAL

27 Nov 2024 05:45

SBL SUMMARY PRESEEN DEC 2024_RODNIM.pdf

ACCA GLOBAL

26 Nov 2024 17:22

What is ad-hoc analysis?

"Ad hoc analysis is a business intelligence (BI) process designed to answer a specific business question by using company data from various sources.
With ad hoc analysis, users can extract the insight they need to make better business decisions without having to involve the IT department."
https://searchbusinessanalytics.techtarget.com/

"Ad-hoc is Latin for “as the occasion requires.” This means that with this #BI model, users can use their reporting and analysis solution to answer their business questions “as the occasion requires,” without having to request queries from IT. Naturally, ad-hoc reports can be and look as simple as a one page data table or as complex and rich as interactive tabular or cross-tab reports with drill-down and visualization features–or present themselves in the form of dashboards, heat maps, or other more advanced forms."
https://www.logianalytics.com/resources/bi-encyclopedia/ad-hoc-reporting/

ACCA GLOBAL

23 Nov 2024 09:40

DipIfr
/channel/+Qg-mx6ZxaKk1NDIy

ACCA GLOBAL

22 Nov 2024 20:57

AFTER DOING ACCA YOU CAN GO TO THESE FIELDS

ACCA GLOBAL

22 Nov 2024 20:22

IFRS vs US GAAP (key highlights)

1. Inventory Methods:

Both GAAP and IFRS allow FIFO, weighted-average cost, and specific identification methods for valuing inventories. However, GAAP also allows the LIFO method, which is not allowed under IFRS. Using the LIFO method may result in artificially low net income and may not reflect the actual flow of inventory items through a company.

2. Inventory Write-Down Reversals:

Both methods allow inventories to be written down to market value. However, if the market value later increases, only IFRS allows the earlier write-down to be reversed. Under GAAP, reversal of earlier write-downs is prohibited. Inventory valuation may be more volatile under IFRS.

3. Fair Value Revaluations:

IFRS allows revaluation of the following assets to fair value if fair value can be measured reliably: inventories, property, plant & equipment, intangible assets, and investments in marketable securities. This revaluation may be either an increase or a decrease to the asset’s value. Under GAAP, revaluation is prohibited except for marketable securities.

4. Impairment Losses:

Both standards allow for the recognition of impairment losses on long-lived assets when the market value of an asset declines. When conditions change, IFRS allows impairment losses to be reversed for all types of assets except goodwill. GAAP takes a more conservative approach and prohibits reversals of impairment losses for all types of assets.

5. Intangible Assets:

Internal costs to create intangible assets, such as development costs, are capitalized under IFRS when certain criteria are met. These criteria include consideration of the future economic benefits. Under GAAP, development costs are expensed as incurred, with the exception of internally developed software. For software that will be used externally, costs are capitalized once technological feasibility has been demonstrated. If the software will only be used internally, GAAP requires capitalization only during the development stage. IFRS has no specific guidance for software.

6. Fixed Assets:

GAAP requires that long-lived assets, such as buildings, furniture and equipment, be valued at historic cost and depreciated appropriately. Under IFRS, these same assets are initially valued at cost, but can later be revalued up or down to market value. Any separate components of an asset with different useful lives are required to be depreciated separately under IFRS. GAAP allows for component depreciation, but it is not required.

7. Investment Property:

IFRS includes the distinct category of investment property, which is defined as property held for rental income or capital appreciation. Investment property is initially measured at cost, and can be subsequently revalued to market value. GAAP has no such separate category.

8. Lease Accounting:

IFRS has a de minimus exception, which allows lessees to exclude leases for low-valued assets, while GAAP has no such exception

ACCA GLOBAL

22 Nov 2024 18:34

Land Your Dream Role at a Big 4 with an ATS- Friendly CV

ACCA GLOBAL

22 Nov 2024 18:34

ACCA Exam Myths Busted!

ACCA GLOBAL

22 Nov 2024 12:40

Для тех, кто заинтересован в квалификации АССА на русском
/channel/ACCAtipsUzb

ACCA GLOBAL

22 Nov 2024 12:39

Balance sheet Ratios

ACCA GLOBAL

22 Nov 2024 12:39

If you think you are poor remember this pic

ACCA GLOBAL

22 Nov 2024 12:39

Accounting Skills of An ACCA
vs. Communication Skills their exams

ACCA GLOBAL

22 Nov 2024 12:39

6 High-Salary Courses After 12th Commerce

ACCA GLOBAL

22 Nov 2024 12:33

Differences between financial reporting and tax regulations can cause discrepancies in income recognition or expense recognition.

When these discrepancies are expected to be resolved in the future in a way that reduces the taxable income of a company, a DTA can arise.

DTAs are based on "temporary differences."

Temporary differences are differences between the tax base of an asset or liability and its carrying amount in the financial statements that will result in taxable amounts or deductible amounts in the future.

▶️ 𝗖𝗼𝗺𝗺𝗼𝗻 𝗖𝗮𝘂𝘀𝗲𝘀 𝗳𝗼𝗿 𝗗𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗧𝗮𝘅 𝗔𝘀𝘀𝗲𝘁𝘀 𝗼𝗿 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀:

𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗟𝗼𝘀𝘀𝗲𝘀

If a business has a loss for accounting purposes, it might not be fully utilized for tax purposes in that year. This loss might be carried forward to offset future taxable income.

𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀 𝗶𝗻 𝗗𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻

Some jurisdictions allow for accelerated depreciation for tax purposes compared to accounting depreciation.

𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀

A company might make provisions for bad debts or other future expenses in its financial statements. These provisions reduce accounting profit but might not be deductible for tax purposes until the expense is incurred.

ACCA GLOBAL

22 Nov 2024 09:44

When my teacher explains something to me

ACCA GLOBAL

28 Nov 2024 18:26

/channel/accastudy_1
Exel shortcut

ACCA GLOBAL

26 Nov 2024 23:10

Hi, I'm Gulasal from Uzbekistan Here I'm sharing my journey in learning ACCA.

! Also, I post useful materials like video lessons, tips and audio explanations relating to ACCA and in general to Accounting
__
Also she has f1 f2 f3 f4 f5 f7 f9 certificates and preparing for f6
She is top achiever from f5
She has got f7 in a month
She has got f1 in 20 days
She knows uzbek accunting and tax

Economist / Financier / Accountant
Math / tajweed / accounting teacher
5th language is in process

/channel/acca_sb

ACCA GLOBAL

26 Nov 2024 17:15

Corporate Flow-Chart

ACCA GLOBAL

23 Nov 2024 05:51

Re-attempting an ACCA exam

ACCA GLOBAL

22 Nov 2024 20:37

As I promised here is the LSBF Video Courses:

F1 - Business and Technology — watch online

F2 - Management Accounting — watch online

F3 - Financial Accounting - watch online

F4 - Corporate and Business Law - watch online

F5 - Performance Management - watch online

F7 - Financial Reporting - watch online

F8 - Audit and Assurance - watch online

F9 - Financial Management - watch online

Note: if you have problems with watching I recommend to open videos on VLC program.

ACCA GLOBAL

22 Nov 2024 20:20

Some ACCA apps

Check out "ACCA Student Accountant"
https://play.google.com/store/apps/details?id=com.accaglobal.studentaccountant

Check out "ACCA Study Planner"
https://play.google.com/store/apps/details?id=com.elancelearning.acca

Check out "Insights"
https://play.google.com/store/apps/details?id=com.accaglobal.professionalinsights

Check out "ACCA AB magazine"
https://play.google.com/store/apps/details?id=com.accaglobal.AccountingBusiness.International

Check out "ACCA Virtual Careers Fairs"
https://play.google.com/store/apps/details?id=com.acp.mobileApp

Check out "ArivuPro App (CA, CS, ACCA)"
https://play.google.com/store/apps/details?id=com.arivupro.online

Check out "ACCA Online"
https://play.google.com/store/apps/details?id=com.yasiryamin.lms

Check out "Bright ACCA"
https://play.google.com/store/apps/details?id=np.edu.brightacademy

Check out "ACCA Events 2024"
https://play.google.com/store/apps/details?id=com.flockplatformmobileaccazamc.droid

Check out "ACCA Online Classes"
https://play.google.com/store/apps/details?id=com.finaco.courses

ACCA GLOBAL

22 Nov 2024 18:34

Start with a Plan: How to Decide Your Career Path After ACCA!

ACCA GLOBAL

22 Nov 2024 16:36

/channel/accaglobal_a

ACCA GLOBAL

22 Nov 2024 12:39

𝗔𝗽𝗽𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

Quick 𝗔𝗽𝗽𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀.

𝗪𝗵𝗮𝘁 𝗶𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱:

• Balance Sheet - short and longer form
• Income Statement - short and longer form
• Cash flow - short and longer form
• Profitability analysis
• Liquidity analysis
• Solvency analysis
• Returns analysis
• Efficiency analysis

𝗗𝗮𝘁𝗮 𝘀𝗼𝘂𝗿𝗰𝗲:
𝘠𝘢𝘩𝘰𝘰 𝘍𝘪𝘯𝘢𝘯𝘤𝘦

𝗟𝗮𝘀𝘁 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗽𝗲𝗿𝗶𝗼𝗱:
𝘚𝘦𝘱𝘵𝘦𝘮𝘣𝘦𝘳 30, 2023

ACCA GLOBAL

22 Nov 2024 12:39

What is accounting hub?

ACCA GLOBAL

22 Nov 2024 12:39

Financial statement synonyms

ACCA GLOBAL

22 Nov 2024 12:39

ACCA students on the night before their exams

ACCA GLOBAL

22 Nov 2024 12:39

The Accounting Equation

ACCA GLOBAL

22 Nov 2024 11:51

Mastering balance sheet ratios is essential for analyzing the financial health of a business. These ratios provide insights into liquidity, solvency, and operational efficiency.

Here are the key ones everybody needs to know:

1. 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗥𝗮𝘁𝗶𝗼𝘀 - Current Ratio and Quick Ratio (Acid-Test)
2. 𝗦𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗥𝗮𝘁𝗶𝗼𝘀 - Debt-to-Equity Ratio and Equity Ratio
3. 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗥𝗮𝘁𝗶𝗼𝘀 - Inventory Turnover and Receivables Turnover
4. 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝗮𝘁𝗶𝗼𝘀 - Return on Assets and Return on Equity
5. 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗥𝗮𝘁𝗶𝗼𝘀 - Interest Coverage Ratio and Debt-to-Asset Ratio


𝗪𝗵𝘆 𝗧𝗵𝗲𝘆 𝗠𝗮𝘁𝘁𝗲𝗿

• Investors use these ratios to evaluate the company’s financial stability and growth potential.
• Managers rely on them for operational insights and decision-making.
• Creditors assess them to determine creditworthiness.

Understanding these ratios equips you to make informed decisions, whether you're investing, managing, or analyzing a business.

ACCA GLOBAL

21 Nov 2024 07:07

Fixed vs Variable Costs