RSSCategory: Study Articles

The UK Companies Act and Accounts

| November 22, 2009 | 0 Comments

In the UK, the Companies Act 2006 contains provisions which govern the requirements companies are required to comply with in terms of their accounts and bookkeeping. This article looks at some of the main provisions and is relevant to students studying F4 ‘Corporate and Business Law’. The next article concerning the Companies Act 2006 will […]

Continue Reading

Deferred Tax Considerations

| November 22, 2009 | 0 Comments

As accountants, we are all familiar with accounting for taxes. A UK resident company is chargeable to corporate tax on its profits wherever they arise, other than dividends received from other UK companies and this liability is accounted for as a current liability – very straight forward. The complexities seem to arise when deferred tax […]

Continue Reading

Where has all the money gone?

| November 22, 2009 | 0 Comments

Students of financial reporting papers will need to develop a sound understanding of the primary statement known as the ‘Statement of Cash Flows’. The statement of cash flows is renowned for causing varying degrees of problems with students because depending on the level of financial reporting paper you are sitting will depend on the level […]

Continue Reading

Lead up to DFS December 2009

| October 28, 2009 | 0 Comments

Steve Collings presents a series of revision tips for students studying for the AAT DFS paper in December 2009. Ensure you have a copy of the Unit 11 Guidance Notes from the AAT website. If you go to the Homepage and type ‘Unit 11 DFS Guidance’ you will be able to download the Guidance Notes. […]

Continue Reading

Revenue Recognition

| October 26, 2009 | 0 Comments

The concept of revenue recognition can be a complex issue and in recent years has been the subject of some high profile accounting restatements – particularly in the US. Undeniably, there can be a temptation to manipulate revenue for various reasons and it is for this reason that standard setters are particularly keen on the […]

Continue Reading

Tips – ACCA P4 December 2009

| October 26, 2009 | 0 Comments

Sunil Bhandari presents his tips for the forthcoming December ACCA exams.  These are my BEST GUESS only of some of the topics that may appear on the ACCA P4 paper. It is of paramount importance that you have revised all syllabus areas and have worked as many past P4 questions as possible. – Cost of […]

Continue Reading

Tips – ACCA F9 December 2009

| October 26, 2009 | 0 Comments

Sunil Bhandari presents his tips for the forthcoming December ACCA exams.  These are my BEST GUESS only of some of the topics that may appear on the ACCA F9 paper. It is of paramount importance that you have revised all syllabus areas and have worked as many past F9 questions as possible. – NPV with […]

Continue Reading

Inventories

| October 19, 2009 | 0 Comments

Entities in various shapes and forms will have inventory: manufacturing companies, retail outlets, major PLC’s – there are lots and lots of such entities. Students of financial reporting papers that examine IAS 2 will think of the standard as largely basic – but is it? This article by Steve Collings takes a look at IAS […]

Continue Reading

Capital or Revenue Expenditure

| October 19, 2009 | 0 Comments

In this article, Steve Collings of Leavitt Walmsley Associates Ltd looks at a common question that frequently causes confusion amongst accountants; that of the capital versus revenue debate. As an accountant and a freelance lecturer, I am commonly asked about when it is appropriate to recognise expenditure on an existing fixed asset in the balance […]

Continue Reading

Goodwill

| October 19, 2009 | 0 Comments

This article on goodwill is by Tom Clendon and is relevant to ACCA F7 and P2 international stream students. Tom is the author of “A student's guide to group accounts". This can be purchased at a 20% discount (see footnote). Following the revisions to IFRS3 Business Combinations and IAS27 Consolidated and Separate Financial Statements in […]

Continue Reading