16191
@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
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
#F5 PM tips:
1. Study phase:
Make sure you start early, know your syllabus . Watch the lectures and make your own notes, it gives you a deeper understanding .
Secondly DON’T ignore theory based portions like balanced scorecard and building block model . I know it is boring but it also comes with greater marks coverage. Having said that even for numerical focus on the concepts of the methods rather just mugging up the steps for the question, if you do this you can tackle any question ACCA throws your way. Allocate enough time. Practice is the key to progress. Try to solve the kits and even practice questions from StudyHub. Mark my words, you will not repeat the same mistake again if you do.
In every paper there are easier parts like in PM costing and some decision making is easier so take maximum marks out of it . Before a week or two focus on doing mocks and tests, this will help you know where you stand and then focus on weaker areas.
Performance measurement is often considered a difficult section, so try to practice as many questions, compare your answer to ACCA scripts and then use the technique in other questions, don't be general but specific to questions.
2. Exam:
Everyone has a different approach of attempting the paper. I always do my MCQs first as easier marks can be gained easily. There are always gonna be questions which will spin your head, but don't worry much about it. Grab the easier marks. Focus on time management. Sections A and B are checked by a computer, so make sure to read things like decimals, to the nearest thousands etc. In section C , don't worry about getting one part wrong because ACCA doesn't give you zero for one wrong answer.
4. Cash Management
Present days cash management plays a major role in the area of finance because proper cash management is not only essential for effective utilization of cash but it also helps to meet the short-term liquidity position of the concern.
5. Interrelation with Other Departments
Finance manager deals with various functional departments such as marketing, production, personel, system, research, development, etc. Finance manager should have sound knowledge not only in finance related area but also well versed in other areas. He must maintain a good relationship with all the functional departments of the business organization.
#F9
Finance manager is one of the important role players in the field of finance function. He must have entire knowledge in the area of accounting, finance, economics and management. His position is highly critical and analytical to solve various problems related to finance. A person who deals finance related activities may be called finance manager.
Below is FM's responsibilities:
1. Forecasting fin. requirements;
2. Acquiring necessary capital;
3. Investment decision;
4. Cash management;
5. Interrelation with Other Departments.
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
SBL KAPLAN STUDY TEXT 2024-2025
/channel/p1stratagicbussineslider
Join our series of webinars "Train the Academics" for universities, tutors and ACCA coordinators.
15 October, 12.00-13.30 Astana time
Topic: Mastering exemption accreditations process – ACCA’s Exemption accreditation policy and application guidance, University value proposition, ACCA Resources for Academics
16 October, 13.00-14.30 Astana time
Topic: Enhancing Assessments – discover how ACCA examining team create questions for exams, also with insights from accreditation team who will provide exemption accreditation highlights
The webinars will be in English with the simultaneous translation into Russian on ZOOM.
To register for our webinars, please click here: https://forms.office.com/e/wZGY6JGY3Q
Back in September 2007, the IASB issued a revised IAS 1, which changed the names of the primary financial statements as accountants have always known them.
/channel/accaglobal_a
Notes of Optional Paper at Professional Level for September 2024 exam
Читать полностью…
https://youtu.be/Oee3UhkqIBA
/channel/FRfinancialreporting
Business management skills list
/channel/accaglobal_a
#F5
Conventional costs are those raw material and energy costs having environmental relevance.
Potentially hidden costs are those which are captured by accounting systems, but then lose their identity in 'overheads'.
Contingent costs may be incurred at a future date – for example, costs for cleaning up. They are also referred to as contingent liabilities.
Image and relationship costs are intangible in nature and include, for example, the costs of producing environmental reports.
ACCA with SB
ACCA exam resources for APPLIED KNOWLEDGE students:
F1️⃣: Business and technology
F2️⃣: Management accounting
F3️⃣: Financial accounting
1. Forecasting Financial Requirements
It is the primary function of the Finance Manager. He is responsible to estimate the financial requirement of the business concern. He should estimate, how much finances required to acquire fixed assets and forecast the amount needed to meet the working capital requirements in future.
2. Acquiring Necessary Capital
After deciding the financial requirement, the finance manager should concentrate how the finance is mobilized and where it will be available. It is also highly critical in nature.
3. Investment Decision
The finance manager must carefully select best investment alternatives and consider the reasonable and stable return from the investment. He must be well versed in the field of capital budgeting techniques to determine the effective utilization of investment. The finance manager must concentrate to principles of safety, liquidity and profitability while investing capital.
ACCA exam resources for APPLIED SKILLS students:
F4️⃣: Corporate and business law
F5️⃣: Performance management
F6️⃣: Taxation
F7️⃣: Financial reporting
F8️⃣: Audit and assurance
F9️⃣: Financial management
Want to join a team of valuation experts? Deal Advisory is hiring!
We invite graduates of universities majoring in Economics and Finance to join Deal Advisory Team!
For further information on the vacancy follow this link.
To apply for the vacancy you need to send your CV to personnel-uz@kpmg.com with title "Valuation/Deal Advisory" or follow the link and fill the form.
Instagram
LinkedIn
💸 Want to earn up to $5000 monthly?
You can become a Data Analyst in 90 days without spending a dime! Yes, you heard that right.
► Here are the steps to follow:
Learn Excel - Time: 12 days
🎙 Tutorials -
https://lnkd.in/eWmC2vf8
🏗 Projects -
https://lnkd.in/ew5y5KP7
Learn basic stats - Time : 3 days
🎙 Tutorials -
https://lnkd.in/emKawHBs
Learn Power BI - Time: 20 days
🎙 Tutorials -
https://bit.ly/npowerbi
🏗 Projects -
http://bit.ly/3Xjpn0v
Learn SQL - Time: 20 Days
🎙 Tutorials -
https://lnkd.in/epAFJzJB
🏗 Projects -
https://lnkd.in/eq9jqcBq
Learn Python - Time: 20 Days
🎙 Tutorials -
https://lnkd.in/eh4gTQQ2
🏗 Projects -
https://lnkd.in/emzcrzTX
Work on projects and build your portfolio - Time: 15 days
🎙 Portfolio -
https://lnkd.in/eVFWpmFg
🏗Projects -
https://lnkd.in/epd_9Bx8
🤚🏼The next step is to take an online internship from the following companies.
🏗Online practice -
1. KPMG Data Analytics Practice
https://lnkd.in/eUBvyFmd
2. BCG Data Science & Analytics
https://lnkd.in/e2eC27AR
3. TATA Data Visualization Practice
https://lnkd.in/eX-dT6HE
4. Accenture Data Analytics
https://lnkd.in/eG2RV3rZ
5. General Electric Data Analytics
https://lnkd.in/eAm6wEyT
6. PwC Power BI
https://lnkd.in/eKFs7n-n
7. Analysis of quantum data
https://lnkd.in/eT3YuB-U
Create your resume and start applying for jobs
🎙 Resume -
https://lnkd.in/eAaTiiJi
❓Looking for more resources to improve your skills?
✔️ Consider completing these 39 projects and uploading them to your GIT repository.
https://lnkd.in/eZ6YUdvK
As you work on each project, take the time to understand how to approach it.
🚀 It will not only improve your skills but also deepen your understanding of the subject.
✔️ With the right approach and dedication, anyone can become a Data Analyst.
🙏 I wish you all the best!
Resource credits: Brij Kishore Pandey
Notes of Mandatory Paper at Professional Level for September 2024 exam
Читать полностью…
Unlock Financial Freedom with JS Finance Academy
Are you ready to take control of your finances and achieve financial success?
💥Introducing our comprehensive Financial Management program led by renowned expert, Yusuf Qayumov!
🔥What You'll Learn:
Budgeting and expense tracking
Debt management and repayment strategies
Investment planning and portfolio optimization
Retirement planning and wealth creation
Tax optimization and financial planning
✅Benefits of Our Program:
Gain practical knowledge and skills to manage your finances effectively
Develop a personalized financial plan tailored to your goals
Reduce stress and anxiety related to financial worries
Increase savings and accumulate wealth
Secure your financial future and provide financial stability for your loved ones
🙎♂️About Our Instructor, Yusuf Qayimov:
Yusuf Qayimov is a highly experienced financial expert with over a decade of industry experience. He holds advanced certifications in finance and has helped countless individuals and businesses achieve financial prosperity.
✨Why Choose JS Finance Academy?
Excellent track record of student success
State-of-the-art learning facilities
Flexible class schedules to accommodate busy lifestyles
Supportive learning environment
Take the First Step Towards Financial Success Today!
💫Enroll now in our Financial Management program at JS Finance Academy. Contact us to schedule a consultation and discuss your financial goals.
Together, we can unlock your financial freedom!
To conduct:
@acca_academy_administrator
@Abdulloh2199
#FinancialManagement #FinancialSuccess #JSFinanceAcademy