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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
Best morning study schedul
Lazy students
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Impossible is possible
AFM 100
AAA 85
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September 2024 Exam Session All deadlines are 23:59hrs UK time on listed date.
Exam entry
📍Exam entry opening date
7 May 2024
📍Standard exam entry deadline
29 July 2024
📍Late exam entry deadline
5 August 2024
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First of all, FM is not a difficult paper to pass. I did FM alongside AA and managed to score 78, dedicating around 60% of my time to AA, so don’t worry, take it easy.
Key Areas to Focus On:
Chapters 2-6: Investment Appraisal – This is an important area. Ensure you understand all the concepts thoroughly, as it's an easy section to score well in and will definitely have a Section C question.
Chapters 7-10: Working Capital – Also crucial and relatively easy to score in, but requires more question practice in addition to concept clarity. Do plenty of questions in this area.
Chapters 1, 11, 12, 15, 16: Theory- just memorize
Chapters 13, 14: Risk – Important for Section B and many Section A questions. In my exam, half of the questions were from these chapters.
Chapters 17, 18: Cost of Capital – Remember all the formulas and practice questions thoroughly.
Business Valuation – Remember the formulas as this will be tested in Section B and requires question practice.
Question Practice:
Focus on all Kaplan Kit questions (A, B, and C) need not to answer all section c questions by typing, do numerical parts and read the theory answers
If time permits, also do BPP Section B questions and Study Hub Section A and B questions.
If you're short on time, completing Kaplan questions alone should be sufficient to pass. I did Kaplan A, B, and C, and BPP Section B only for some areas only
Good luck with your studies!
You'll can dm me if you need any help in all skill level papers
Setting For a Good DAY!
Credit - mindset.therapy
SAVE it for LATER.
Let's Make This Your Best Year Yet!
Is 2024 the year you finally crush those goals and reach new heights? Absolutely!
Action plan for an amazing 2024,
• Imagine waking up on December 31st, 2024, feeling proud and accomplished. What did you achieve? What did you become? It's important to visualize your ideal 2024.
Break Down Your Goals into Bite-Sized, achievable, manageable steps.
Develop Powerful Habits for Success: Small, consistent actions lead to big results.
Stay Motivated and Focused All Year Round: Let's be honest, challenges and setbacks are inevitable
Remember, achieving your goals is a journey, and you are the driver!
1 READ THE QUESTION :- Examining Team recommends (ETR):-
Read the question carefully. Ensure sufficient question practice. You need to be familiar with the different styles of question (and read the Examiner’s Report on those published questions for useful insight!)
2 ANSWER THE REQUIREMENT IN RELATION TO THE SPECIFIC SCENARIO :- Revise your auditing knowledge and financial reporting knowledge. Read the scenario and consider where issues can arise, reference figures from the extracts or explain why, in this specific case, something is a particular risk.
3 INADEQUATE FINANCIAL REPORTING KNOWLEDGE:- Ensure that knowledge of relevant financial reporting standards is robust. Take a look at the examinable documents for your exam to make sure you are confident with the key issues. Consider taking the SBR exam before AAA so that you have the solid understanding of financial reporting.
4 UNDERSTAND THE DIFFERENCE BETWEEN FRAUD AND MONEY LAUNDERING:- Revise legislation and professional requirements of ACCA auditors. The examinable documents includes the ACCA money laundering guidance which students should be familiar with in the exam
5 THE RIGHT RULES FOR THE RIGHT EXAM:- Ensure that you are aware of what rules, standards and legislation apply to your exam. AAA currently has international, UK, Irish and Singapore adapted exams, but check what you need to know for the right exam.
6 REVISE REPORTING!:- Revise reporting knowledge! Justify the audit opinion being given. Conclude on the audit opinion, don’t ‘sit on the fence’ and offer different opinions
7 AUDIT PROCEDURES:- Ensure that the proposed audit procedures meet the assertion being tested – if valuation of inventory is the requirement, then tailor your responses accordingly
8 EXPLAIN (DON’T JUST STATE AN ISSUE):- Explain why you think something is an issue, a risk, or justify your conclusion. The Examining Team are keen to hear your reasons why and demonstrate a depth of understanding as well as good knowledge of auditing and financial reporting. Remember those professional marks (see point 2!)
9 TIMEKEEPING:- Keep an eye on the time, try not to overrun too much. Calculate how long you should spend on each question and stick to it!
10 REVISE, PRACTICE, REVIEW!
Good luck in your exams!😊
Written by a member of AAA examining team
Join @accaifrs group for more information
Variable consideration
When goods are sold on credit, the seller must estimate the amount of revenue that will be receivable. Trade discount is always deducted in arriving at the price to be invoiced. If early settlement terms are offered to the customer, the seller must estimate whether or not it is probable that the early settlement terms offered will be taken by the customer.
Customer is expected to gain a cash discount advantage.
If it is probable that early settlement will be made by the customer, then early settlement discount should be deducted in arriving at the invoice price.
Customer isN'T expected to gain a cash discount advantage.
If it is probable that early settlement will not be made by the customer, early settlement discount is not deducted in arriving at the invoice price. When cash is subsequently received from the customer, any under- or over-receipt of cash (in comparison with the receivable recorded) is adjusted against revenue.
Statement of Changes in Owner’s Equity
It is also called as statement of retained earnings. This statement provides information about the changes or position of owner’s equity in the company. How the retained earnings are employed in the business concern. Nowadays, preparation of this statement is not popular and nobody is going to prepare the separate statement of changes in owner’s equity.
This is best channel. I can advice it for all girls. It's owner one of my best friend. Top achiever F5 march exam 2024
Hi, I’m Gulasal from Uzbekistan🇺🇿
Here I’m sharing my journey in learning ACCA. About that👇👇👇
❗️Also, I post useful materials like video lessons, tips and audio explanations relating to ACCA and in general to Accounting
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ACCA FREE TIPS
VIDEOS FOR ALL PAPERS
https://accaonlineacademy.com/acca-trending-questions/
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This shows how the people in your environment affect you:
We are made of pieces of people we pass by
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AAA channel
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AFM channel
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Plan which resources you are going to use,
For eg , BPP , Kaplan or study hub.
Let say you choose Kaplan. ( by doing this , what do ever happens , u won’t look back to BpP or study hub)
So now you need to cover the Kaplan text book , Kit.
So start with understanding the concept as it’s very important for F7 , as it includes all your IFRSs and IASs.
As you complete certain topic/standard , assume you have completed until chapter 5 , then jump to kit for those chapter questions.
And on every interval ( eg , you complete the Assets ( IAS 16 , IAS 38 and related to it like impairment etc .) - Test yourself regularly , give test like 50 marks etc.
So throughout you do your syllabus ( text book ) , you should attend minimum 5-7 test by the end of the text.
And ensure that when you complete the text 1 time , within a week time you should complete your kit book also once . ( as you are simultaneously doing kit questions)
And then when you are done with each for 1 time , go for a 100 marks mock exam.
Get evaluate , know your weeknesss and then prepare again.
And now by preparing again , I mean do the kit for 2nd time ( only kit not text book )
Give a mock
And then do kit for the 3rd time.
Give a final mock .
For all the above you need to have a proper plan of day , how many days you have until your exam .
For example if your exam is on 4th of Sep. leave those 4 days .
And count from today until Aug end how many days .
And work accordingly.
If required any support you can call me anytime , I’ll be more than happy to guide .
Regards
#vacancy #finance #development
Murad Buildings is a well-known development company here in Uzbekistan. No need to speak much about it
I am really impressed by the values of the company. A company one would dream about to work at
They are looking for Finance Manager.
Job description:
- Preparing cash flow budget, and routine reconciliations
- Controlling over the transactions and preparing timely reports
- Calculating KPIs
- Automating the reporting and controlling process in cooperation with IT specialists
Requirements:
- Higher education in economics, finance, accounting or audit
- At least 3 year work experience in related field
- Deep understanding of accounting, finance and budgeting
- Comfortable user of Excel, Google sheets, Power point and 1C
- Not a strict requirement, but ACCA F2, F3, F5, and F9 knowledge helps to excel
On offer:
- Salary depends on interview results and negotiation, but I am sure the salary is on the upper-end of the market rate
- Amazing team, and unique opportunity to contribute to the happiness of the people: Having a small roof, to sleep under is happiness, is not it?
- A place where you are listened to, supported and suitably rewarded
Send your CVs to the following contact: @mb_mokhinur
PS: I would apply to this job wholeheartedly if I was in search of it
Considering the required minimum work experience I will highly recommend experienced specialists to apply, you will not regret!
3 years is not strict requirement. As long as you have 1.5 years+ experience and you meet the requirements, apply to test your luck
#afc #muradbuildings #finance #accounting #excel
If you have started this session with Performance Management, this post will be important for you.
#F5 syllabus QUICK guidance:
A. Information technologies and system for organization performance.
I'm sure that this part is already familiar to you. Here you will find the same stuff from F1, F2, F3, ethics but the information will be more detailed.
B. Specialist cost and management accounting techniques.
Only 2 things you should understand is throughput accounting (bottleneck, TPAR) and environmental management accounting (techniques and TBL) because the principles of ABC, target and life-cycle costing have been meet earlier in F2.
C. Decision making techniques.
The most interesting part. Here you will cover:
- CVP analyses (about breakeven point);
- Limiting factors (Slack and scarce recourses, shadow price)
- Pricing decision (demand based approach, different pricing strategies)
- Relevant costing:
~ Make or buy decision;
~ Shut down;
~ One-off contracts
~ Further processing decisions.
- Risk and uncertainty:
~ Expected values
~ Pay-off tables
~ MaxiMax, MaxiMin, MiniMax
~ Decision trees
D. Budgeting and control.
I can break down this part as follows:
- Types of budgeting:
~ Fixed/Flexed/Flexible budgets
~ Incremental budgeting
~ Zero based budgeting
~ Rolling budgeting
~ Activity based budgeting
- Quantitative techniques:
~ High/Low method
~ Learning curve (!!!)
~ Linear regression (correlation, coefficient of determination)
- Variances:
~ Material variance (Yield+Mix=Usage variance)
~ Labour variance
~ VOH and FOH variances
~ Sales variances (Quantity+Mix=Volume variance)
~ Planning and operational variances
E. Performance measurement and control.
- Financial and Non financial measures:
~ Ratios
~ Balanced scorecard
~ Building block model
~ Value for money
- Divisional performance and Transfer pricing (!!!)
ACCA with SB
Trade /bulk discount - скидка за объём приобретаемого товара, прогрессивная скидка
Settlement/cash discount - скидка за ускорение оплаты, скидка за досрочную оплату
Discount - дисконт, скидка, вычет, разница
Financial Position Statement
Position statement is also called as balance sheet, which reflects the financial position of the firm at the end of the financial year. Position statement helps to ascertain and understand the total assets, liabilities and capital of the firm. One can understand the strength and weakness of the concern with the help of the position statement.
Here (consolidated statement of fin.position)
Dear Chanel members,
We value your opinion and would like to invite you to participate in our survey! Your participation is essential in helping us analyze consumer buying behaviors.
Survey Details:
- Topic: Impact of social media on consumer buying behavior
- Number of questions: 30
- Link to Survey:
https://docs.google.com/forms/d/e/1FAIpQLSewKOG45tliic9KGNOq41falhs8v1G78c8CGC3eFex4bjpyWQ/viewform
Your responses will remain confidential and will only be used for research purposes. We appreciate your time and insights!
Thank you for helping us!
Join the ACCA team on our live YouTube session and Get Ahead for the September 24 Applied Skills and Strategic Professional exams.
Going live at 25 July at 1pm BST:
https://ow.ly/IJMh50SJKJv
https://ow.ly/IJMh50SJKJv
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