How to read financial statements?
Followers, let's start reading financial statements of the Top companies in Uzbekistan
As a part of the society we must at least understand at high level what is going on with these top companies, plus as a finance specialist it is also a big plus to be able to interpret the figures correctly
PS: I will try to post once a week insights referring to this audit report. My insights will be based on Open Info. No confidential information will be shared.
I try to strictly follow the integrity
Start reading the FS audited by EY. Must have been a very interesting report)
#ifrs #ung #read #financial #statements #acca
Ray Dalio on Global Risks and US-China Dynamics
1. Concerns About US Election Stability
- 🤔 Ray Dalio expressed concern over whether the US election results would be accepted by both parties, especially if the outcome is close.
- He estimated a 50% chance that a close loss by Donald Trump could lead to contested results, with 1-in-3 odds of election turmoil overall.
- Dalio emphasized that this uncertainty reflects rising internal conflicts and political instability in the US.
2. Geopolitical Risks and Debt Concerns
- 🌍 Dalio warned of a growing period of global risks, driven by massive debt, internal conflicts, and great power tensions.
- He was skeptical that the world would naturally transition to a multi-polar order amid these challenges.
3. China’s Economic Struggles
- 🏢 Dalio highlighted China’s need for debt restructuring, complicated by a real estate downturn hampering its 5% growth target.
- He also noted policy uncertainty and increased public scrutiny of wealthy entrepreneurs since Xi Jinping’s regulatory crackdown, affecting growth in the tech, property, and financial sectors.
4. China's AI Lag and Dalio’s Investment Strategy
- 🤖 Dalio observed that China is "a bit behind" in generative AI development.
- 📉 Despite poor performance in Chinese equities, Dalio’s bond investments in the region have performed well, balancing his portfolio.
- He confirmed that his family office will maintain its investment exposure in China, despite ongoing challenges.
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How to speak Finance to non-Finance people?
Use analogies and visuals/pictures.
Most people are not numbers people.They understand complicated matters better when explained in simple analogies or everyday terms.
Throw a big table with lots of numbers and colors in front of people and most will lose their focus right away.
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Try using this analogy instead...
REVENUE = A field of greens
This is your total potential income.
ADJUSTED EBITDA = Your harvest on a pan
Your operating margin removed of all one-offs.
EBITDA = Your fried harvest
Your actual margins all-in.
NET INCOME = What's eatable from the harvest
What's left on the bottom line.
This might be illustrating financials to an extreme but you can be sure your stakeholders would get the idea.And BTW let's not even begin to start to explain the cash flow that comes from all this.
If you cannot put yourself in the shoes of others you'll struggle to communicate with people outside Finance.
I just watched lectures from opentutions.com that's free and practiced exam kits 2-3 times
Читать полностью…What is Foundations in Professionalism(FIP)?
Online and interactive the module helps develop your understanding of what it means to act professionally and ethically as a finance professional. The module can be completed before or after the exam component of your qualification and only needs to be completed once - great news if you plan to study further Foundations in Accountancy qualifications.
There is no time limit, the module is flexible so you can complete it at your own pace.
Access the Foundation in Professionalism module
KPMG is seeking a talented Strategy and Operations Consultant to join our dynamic team!
As a Strategy and Operations consultant, you will:
- Drive strategic initiatives and improve operational efficiency
- Collaborate with clients to develop innovative solutions
- Analyze market trends and identify growth opportunities
Qualifications:
- Bachelor's degree in business, economics, or related field
- Strong analytical and problem-solving skills
- Excellent communication and presentation skills
Join our team and:
- Work on challenging projects
- Develop your career
- Be part of a global network of professionals
To apply for the vacancy you need to send your CV to personnel-uz@kpmg.com with title "Strategy & Operations" or follow the link and fill the form.
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Follow Kaplan study text, understand it's properly, and before moving to exam kit, solve study text (Test your understanding questions), if you would do this first for every ch, then you will find easy to solve IAS 1 or consolidation mix ch questions
Plus practice as much as you can, in questions you will find something different asked in every questions, and highlight the unique questions so that you can revise later.
Concept building should be good, then there are so many concepts just write down somewhere and REVISE in last week of exam.
At first these questions will take like 1.5-2 hours to complete, but later on it becomes easy
After completing study text as well as exam kit, I moved to ACCA study hub, and practiced it's questions ( mostly long questions are same as Kaplan kit so no worries), then I again focussed on exam kit.
If you are done with exam kit once, practice the questions which you have marked as different and unique..
Then you are good to go
Time management is must
While I was doing interpretation questions, i used to read that 2-3 times then note it separately, then I used to refer that while interpretating.
And the exam kit that I also did 2-3 times ... I'll be typing a few questions and answers about every part and the rest I'll just go through
Читать полностью…US Markets Overview
1. Tech Recovery Led by Netflix & Apple
- 📊 Nasdaq 100 futures rose 0.5%, driven by Netflix jumping 7% premarket after beating expectations on subscriber growth in Q3.
- 🍏 Apple also gained, with reports showing 20% higher iPhone sales in China compared to the 2023 model.
2. Treasuries and Economic Data Impact
- 💵 Treasuries steadied after Thursday's strong retail sales data, indicating continued consumer spending strength. This reduces pressure on the Federal Reserve to cut interest rates soon.
3. Small-Cap Stocks Surge
- 📈 The Russell 2000 index hit a 2024 high, benefiting from expectations of weaker inflation and potential rate cuts.
- 💼 Small caps also gained from the “Trump Trade,” as investors position for a potential Trump presidential victory by investing in banks, small caps, and the dollar—assets that surged in 2016 after his previous win.
4. Bitcoin Nears New Record
- ₿ Bitcoin, part of the Trump Trade strategy, is closing in on a fresh record.
5. Market Diversification Hopes
- 📣 Gene Salerno of SG Kleinwort Hambros noted the growing stock rally beyond tech giants as a welcome shift, signaling broader market strength.
Audit any type of business marketing
Here's a simple way to review any business's marketing! This step-by-step guide breaks it down into 5 easy steps:
Step 1: Look at the big picture. Check out how economic, social, and tech factors affect your business. Imagine you're a detective finding clues!
Step 2: Find out what's going well and what's not. Know your strengths and weaknesses, and spot opportunities and threats. It's like playing a game of chess, but with your business!
Step 3: Know your customers! Divide them into groups by behavior, needs, and demographics. Focus on the best groups and make sure your brand stands out. Think of it as throwing a party, and only inviting the people who love your kind of fun!
Step 4: Check your marketing mix. Look at your product, pricing, where you sell, and how you promote. Make sure everything is in sync. This is like tuning a band to make perfect music!
Step 5: Measure your success. Calculate how much each customer is worth and how much it costs to get them. Focus on what really works. It's like finding the golden goose in your business!
https://support.microsoft.com/en-gb/office/excel-video-training-9bc05390-e94c-46af-a5b3-d7c22f6990bb
Читать полностью…What does Foundations in Professionalism cover?
The module is structured as follows:
1 Introduction
2 Professionalism
3 Law and regulation
4 Professional ethics
5 Personal effectiveness at work
6 Personal values
7 Case Study
8 Objective test
Why do students or graduates need job simulations?
You will practice your skills with example tasks and build your confidence to ace your applications.
• In just a number of hours, complete a series of tasks guided by pre-recorded videos and example answers from teams at leading companies.
• Earn a certificate and add it to your resume and LinkedIn as an extracurricular activity.
• Stand out in applications. Confidently answer interview questions and explain why you're a good fit.
• No live sessions, all self-paced, and no applications or experience required!
Free virtual experiences / job simulations by:
PWC
J.P. MORGAN
Goldman Sachs
SAP
KPMG
BCG
Citi
Accenture
ACCA Uzbekistan - Study Hub
I just watched lectures from opentutions.com that's free and practiced exam kits 2-3 times
Читать полностью…I'll read the study text at least 3-4 times before the exam and specially 3 days before the exam I'll be only reading study text thoroughly
Читать полностью…