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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
Exams take place
Exams will take place between 2-6 December
Centre complaints closing date
Centre complaints must be received by 10 December
Mitigating circumstances closing date
Notifications of mitigating circumstances must be submitted by 17 December
Exam cancellations
Cancellation requests must be received by 18 December
Exam results
Exam results will be released 17 January
Standard exam entry deadline
4 November 2024
Late exam entry deadline
No late entry will be available for this session
MEGA Valuation Bundle of Resources
Aswhath Damoraran valuation checks
Louis Vuitton valuation example
DCF vs Comps vs Precedents
Valuation methodology
How to maximize value
Due diligence process
Valuation approaches
Road to equity value
WACC Components
ROIC vs WACC
WHO DOES WHAT TOWARD FINANCIAL STATEMENTS
CFO
▪️Pivotal role in the FS creation, presentation and interpretation
■Ensures that FS complies with accounting and legal standards
▪️Uses FS as a tool for strategic planning and decision-making
▪️Presenting key results to the stakeholders
▪️FS and budget approvals
Accountant
▪️Involved in the nitty-gritty details
▪️Responsible for FS completeness, accuracy and fair value presentation
▪️Ensures that FS are aligned with GAAP
Controller
▪️Supervision of the overall accounting process
▪️Internal controls setup to ensure the quality of FS
▪️Ensures that financial reports are accurate, timely and consistent
▪️Conducting complex financial analysis to support decision-making
Tax specialist
■ Determine tax liabilities and ensure they are correctly presented
▪️Analyses whether costs are deductible
▪️Calculates deferred tax assets and liabilities
▪️Reconciliation of tax account to ensure FS quality
▪️Tax provision calculation
▪️Involved in FS projection as a part of tax planning
Auditor
■Conduct substantive analytical procedures toward specific positions
▪️Testing internal controls that ensure FS quality
▪️Assess general and specific audit risks
▪️Make testing of presented figures based on audit procedures
▪️Issue the opinion of conducted audit toward FS
Acquirer
■ Analyses whether FS are fairly and objective present financial conditions and earnings of the target
▪️Due Diligence of FS
▪️Quality of earning based on FS
▪️Net debt and Net working capital analysis
■Reads and interprets FS to gauge the financial health
▪️FS long-term projections
▪️Cash flow planning
▪️KPI and management reporting
▪️Budget variance analysis
▪️Ratio and Scenario analysis
Investment Analyst
▪️Compare FS with other companies in industry
▪️Identifies financial trends
▪️CAPEX analysis
▪️ROCE analysis
▪️ROIC analysis
▪️Gross and net margin analysis
▪️Use projected FS to make valuation
▪️Various risks assessments
Treasurer
■Uses FS to ensure there are sufficient funds to meet short-term obligations
▪️Cash flow and liquidity analysis
▪️Studies the liabilities section of the BS to ensure optimal capital structure
▪️Uses FS to identify financial risks, such as foreign exchange risk or interest rate risk
Banker
▪️Uses FS to assess the creditworthiness
▪️Monitors financial covenants or conditions stipulated in loan agreements
▪️Solvency, liquidity and profitability analysis
▪️Uses FS to assess the value and adequacy of the collateral
▪️Recommends suitable loan amounts and structure
EBITDA MARGIN VS NET PROFIT MARGIN VS FREE CASH FLOW MARGIN
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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
Ever Wondered in Which Roles, you As an ACCA work in?
Let's explore it.
Exam attendance dockets
Exam attendance dockets will be made available to download from myACCA approximately three weeks after standard entry closes.
This includes a timetable of all the exams that you are entered for, details of the desk that has been assigned to you for each paper exam, and the address of your exam centre.
Mandatory System Tests
For remotely invigilated exams only, the last mandatory system test result which must be a pass, should be taken between 5 November and before starting your exam check-in process.
For further information on cancellation eligibility criteria please visit our remote session exam post-exam options page
Amending an existing exam entry
The deadline to amend an existing exam entry is 4 November
Requests for additional support
Requests for additional support must be received by 28 October
10 Cash KPIS
Top KPIs for managing cash flow effectively:
1/ Cash Burn Rate
Description: Net cash spent by a company in a specific time frame (usually monthly or normalized to a year)
Formula: Cash Spent (monthly average) - Cash Received (monthly average)
2/ Average Days Delinquent (ADD)
Description: Measures effectiveness of collection efforts. Often used at client level to compare with others
Formula: Days Sales Outstanding (DSO) - Best Possible Days Sales Outstanding (BPDSO)
3/ Operating Cash Flow (OCF)
Description: Money generated by daily operations
Formula: Net Income + Non-Cash Expenses - Increase in Working Capital
4/ Free Cash Flow (FCF)
Description: Expands on the OCF concept by also excluding interest payments and including asset purchases
Formula: OCF + Interest Payments - Asset Purchase
5/ Overdues Ratio
Description: Measures your effectiveness of collecting cash and the quality of your receivables
Formula: Overdues / Total Receivables
6/ Days of Inventory Outstanding (DIO)
Description: Average number of days that a company holds inventory before turning it into sales
Formula: Average Inventory / Yearly Cost Of Goods Sold (COGS) x 365 days
7/ Days Sales Outstanding (DSO)
Description: Average number of days that it takes a company to collect payment for a sale
Formula: Average Account Receivables / Annual Sales x 365 days
8/ Days Payables Outstanding (DPO)
Description: Average number of days that it takes a company to pay its suppliers
Formula: Average Accounts Payable / Yearly Cost Of Goods Sold (COGS) × 365 days
9/ Cash Conversion Cycle (CCC)
Description: Days to convert inventory into cash flows from sales
Formula: DIO - DSO-DPO
10/ Cash Reserves in Days
Description: Measures how long your organization could survive if cash inflows dried up tomorrow
IFRS often gave a distorted impression of the business
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THE FINANCE AND ACCOUNTING PROFESSIONAL DESIGNATIONS
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https://drive.google.com/drive/folders/1XiBKV7G6KcFGvdhiIcsE3qy5IwlNp5RE
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