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@accaglobal_bot For Uzbek students https://t.me/accauzbekistana f5 https://t.me/f5performancemanagament f7 https://t.me/FRfinancialreporting f8 https://t.me/f8auditandassurance f9 https://t.me/F9FinancialManagment
Tax Evasion vs. Tax Avoidance
1. Tax Evasion (Illegal)
Definition: Deliberately underreporting
income, inflating deductions, hiding money in offshore accounts, or falsifying records to reduce tax liability.
- Key Characteristics:
Violates tax laws.
Involves fraud or deceit.
Penalties include fines, interest, and criminal prosecution.
Examples:
Not reporting cash income.
Using fake receipts to claim deductions.
Hiding assets in secret foreign accounts.
2. Tax Avoidance (Legal but may be unethical)
Definition: Using legal methods to minimize tax liability, often exploiting loopholes in tax laws.
- Key Characteristics:
Complies with the letter of the law (but may violate its spirit).
Often involves complex financial structures (e.g., tax havens, shell companies).
May be challenged by tax authorities if deemed abusive.
Examples:
Claiming legitimate deductions (e.g., retirement contributions).
Shifting profits to low-tax jurisdictions (e.g., multinational corporations).
Using tax credits and incentives as intended.
Key Differences
| Aspect |
Tax Evasion Tax Avoidance |
| Legality |
Illegal |
Legal (but may be
aggressive) |
| Method
| Fraudulent |
Exploiting legal
loopholes |
| Consequences | Fines, jail | Repayment,
penalties if deemed abusive |
Ethical & Legal Considerations
Tax Evasion is universally condemned and punishable.
- Tax Avoidance is legal but controversial (e.g., large corporations paying minimal taxes via loopholes).
- Tax Planning (e.g., deductions, retirement savings) is a legitimate way to reduce taxes.
Governments combat evasion with audits and stricter laws, while they close loopholes to limit aggressive avoidance (e.g., OECD's BEPS initiative).
Top 15 Power BI Courses
1. From Excel to Power BI
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2. Data Analysis and Visualization with Power BI
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4. Data Modeling in Power BI
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5. Data Storytelling with Power BI
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6. Microsoft Power Platform Fundamentals
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7. Extract, Transform, and Load Data in Power BI
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13. Power BI Data Analyst Associate Prep
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Everyone loves a good revenue story... until it hits the pan.
Then it's a different story. Do you recognize this?
This is what the journey from top line to bottom line really looks like.
We start with endless rows of promise: Revenue.
Then stack it into an overflowing bowl of optimism: Adjusted EBITDA.
But once you apply heat, real-world costs, complexity, and capital...
We're left with a few wilted leaves: EBITDA, then Net Income.
It's funny because it's true.
And it reflects a challenge many CFOs face:
Adjusted metrics masking core performance
Top-line growth that doesn't translate to margin
Boardrooms excited by pipeline but blind to profitability
As finance leaders, we have to do more than report the difference.
We have to explain it clearly, credibly, and consistently.
Because great CFOs don't just tell you how much spinach there was.
They show what made it to the plate.
The best channel only for Uzbel students
/channel/accauzbekistana
12 Must-Listen Finance Podcasts
If you're into FP&A, CFO insights, Financial modeling, or Accounting, these podcasts have you covered.
1 FP&A Tomorrow - Paul Barnhurst, The FP&A Guy
https://lnkd.in/dkEJqMRA
2 FP&A Today by Datarails hosts Paul Barnhurst, The FP&A Guy and Glenn Hopper
https://lnkd.in/dPVrgk_Q
3 #FinanceMaster#Finance Master - Anders
Liu-Lindberg
https://lnkd.in/dUYjUuC4
4 Tech for Finance - Adam Shilton
https://lnkd.in/dBU-SRaW
5 The CFO Report -Michael King
https://lnkd.in/diH_S68g
6 Financial Modeler's Corner - Paul Barnhurst, The FP&A Guy
https://lnkd.in/dCaGw-NZ
7 The Treasury Career Corner - Mike Richards
https://lnkd.in/dCciyxtS
8 The Finance and Accounting Show - Terrell A
Turner, CPA
https://lnkd.in/dAF8qsxq
9 Run the Numbers - CJ Gustafson
https://lnkd.in/dTrcyqvD
10 The Successful Bookkeeper - Mike Palmer
https://lnkd.in/dBQ5HZvp
11 Future Finance - Glenn Hopper & Paul Barnhurst
https://lnkd.in/dkaeuepr
12 All About FP&A - Asif Masani
https://lnkd.in/dxH-BwhP
All ACCA channels
ACCA Uzbekistan
f1 Business and Technology
F2 Management Accounting
F3 Financial Accounting
F4 Corparate and Business Law
F5 Performance Managment
F6 Taxation Global
F7 Financial Reporting
F8 Audit and Assurance
F9 Financial Managment
P1 Stratagic bussines lider
P2 Strategic Business Reporting
P3 Business Analysis
P4 Advanced Financial Managmemt
P5 Advanced Performance Managment
P6 Advanced Taxation
P7 Advanced Audit and Assurance
Diploma in International Financial Reporting (DipIFR).
ACCA humours
Riba was not simply haram.
It was part of a system of injustice.
Islam removed it completely.
And built something better in its place.
Why Riba Was Banned :
1- It rewards money without effort
2- It transfers risk to the poor
3- It traps people in cycles of debt
4- Destroys fairness in trade
#Islamic_finance
Example of Adjusting Entry:
Suppose you owe ৳5,000 in salaries for the last week of December, but you'll pay in January.
Adjusting Entry (on December 31):
Dr. Salaries Expense
৳5,000
Cr. Salaries Payable
৳5,000
This ensures the salary is recorded in the correct accounting period.
Key Tip:
Adjusting entries are usually made just before preparing the trial balance and financial statements.
Summary:
> Adjusting entries ensure all income and expenses are recognized in the correct period, making your financial reports accurate and complete.
The ACCA have confirmed that results for the June 2025 session will be released on:
📅 Monday, 14 July 2025
At 00:00 BST (UK time) — i.e., just as the clock strikes midnight in the UK 🇬🇧
That’s 04:00 (4 AM) local time in Tashkent (since BST is UTC+1, Tashkent is UTC+5)
🕐 Exact moment by local time zone:
In the UK: 00:00 BST on 14 July
In Uzbekistan (Tashkent): 04:00 on 14 July
In India (IST): 04:30 on 14 July
In UAE (GST): 03:00 on 14 July
Types of budgets used in financial planning and management. Here's a brief explanation of each:
1. Flexible Budget
Adjusts according to changes in activity levels or volume.
Useful for businesses with fluctuating sales or production.
2. Fixed Budget
Remains unchanged regardless of business activity or performance.
Best for stable environments or fixed-cost operations.
3. Short-term Budget
Covers a brief period, usually a month, quarter, or year.
Focuses on immediate financial planning and cash flow.
4. Long-term Budget
Spans several years and is used for strategic planning.
Helps in planning capital investments and long-term goals.
5. Capital Budget
Plans for investments in long-term assets like buildings, machinery, etc.
Used to evaluate major expenditures and returns.
6. Revenue Budget
Projects income from sales or services.
Helps set sales targets and monitor income generation.
7. Functional Budget
Related to specific functions or departments like marketing, HR, or production.
Helps in detailed planning and cost control by department.
8. Master Budget
A comprehensive summary of all smaller budgets.
Includes operating and financial budgets, giving a full picture of financial planning.
These types of budgets help businesses, governments, and individuals plan, monitor, and control their financial resources effectively.
Goodbye IAS 1, Hello IFRS 18: A New Chapter in Financial Reporting After 24 years, IAS 1 is being replaced by
IFRS 18, bringing one of the biggest changes in how companies present their financial results.
IFRS 18 requires companies to rethink the layout of their income statement and clearly define their Management Performance Measures (MPMs), which reflect how management views the company's performance.
To adopt the new standard successfully, companies will need to update their financial reporting processes, upgrade systems, and focus on meeting the needs of financial statement users-especially investors.
IFRS 18 takes effect for annual periods starting on or after January 1, 2027.
Companies must apply it retrospectively and can choose to adopt it early-this must be disclosed in the notes.
In the first year of adoption, companies using IAS 34 for interim reports must present new required headings and subtotals, and provide reconciliations for each income statement line item for both the current and previous periods.
Compared to IAS 1, IFRS 18 aims to make financial statements clearer and more helpful, giving investors and others better insights for decision-making.
FINANCIAL RATIOS THAT MATTER
A quick guide to the most important metrics for assessing business health and performance
My new channels for other finance certificates
CPA official site
CIMA official site
CFA LEVEL 1 official site
CFA LEVEL 2.
CFA LEVEL 3
📢 BIG NEWS from ACCA!
⚠️ Major Qualification Changes Coming in Mid-2027
Dear students, ACCA has officially announced a complete redesign of its qualification structure! 🎓
These updates are aimed at building future-ready accountants with strong skills in:
✅ Digital & AI
✅ Sustainability & Ethics
✅ Strategic Business Thinking
🚀 What’s new in the redesigned ACCA Qualification?
🔹 AI-powered learning pathways
🔹 New Employability & Digital Skills modules
🔹 Optional Data Science exam at Strategic Level
🔹 Updated awards & recognition at every stage
🧑🎓 What should current students do?
✔️ Continue with your studies as planned — no immediate changes until 2027
✔️ Your progress and completed exams will be fully recognised
✔️ Try to finish your journey before the changeover (if possible)
✔️ Stay tuned — ACCA will provide transition guidance for everyone
🔗 Follow my channel for updates, tips, and how to make the most of this transition!