This episode explains how to debit and credit. But is this relevant to SBR? In this episode I quickly address this question (strictly no - but it does you no harm to understand this secret language). I then go on to explain and apply the rules of double entry bookkeeping. The podcast ends with half a dozen of transactions being distilled down in debits and credits. So if you want to learn double entry or just want a quick refresher then this is the episode for you !
Being able to identify and explain when an investment is a subsidiary and when it is an associate is regularly examined. In this podcast the terms in the definition of both a subsidiary and an associate are discussed. It will be explained how it is possible to own 40% of the shares of a company and yet still have control and why creative accountants favour certain investments being classified as associates and not subsidiaries.
Advanced Performance Management is one of the optional exams at the Strategic Professional stage. It is also Geoff's passion. In this episode he shares his enthusiasm for this exam and why he thinks you should choose to do this option.
The accounting for derivatives is tricky! But my objective here is to make it simple enough for you to understand. I explain what a derivative contract actually is - and how to account for them. So that means addressing the measurement issue (cost or value), why we would be entering into these contracts (i.e. what is hedge accounting - fair value and cash flow) and how we present the gains or loss arising (in PL or OCI). I suspect that some of you may enjoy this one so much that it will be worth a second listen!
OK - so the IFRS for SME's is not the most exciting of topics - but it is on the syllabus! This short podcast will explain how an SME is defined, discuss whether or not it is a good idea to have two regulatory accounting systems, explain what the main differences really are and how this all might get examined at SBR!
Are you thinking about selecting AFM as one of your optional exams at the strategic professional stage? Then have a listen to this podcast!
Sunil starts by introducing himself and what makes him tick. Of course this involves Manchester United. But Sunil goes on to talk with passion about AFM and about the impact on this exam of the ACCA moving to CBE. He explains why he thinks you should do this exam and the importance of articles.
IFRS16 introduced a new approach for lessees to account for lease contracts. Firmly routed in the IASB's conceptual framework this standard takes the approach of recognising right of use assets on the statement of financial position as well as the obligations to make the lease payments.
Covid 19 is an issue for accountants. It will therefore be examined at some stage in SBR. Here I spend 15 minutes running through some of the impacts on accounting. Amongst other things I touch on Integrated Reporting, the implications for deferred tax and how to account for government grants. I hope you enjoy the podcast.
What is depreciation? What happens when an item of PPE is revalued? How does revaluation impact on the stakeholder's view of the financial statements. And where does the Framework and useful information fit in with all this! The podcast answers all these questions and more!
James Wright is an ACCA member and lecturer. He runs a youtube channel dedicated to helping out ACCA students. Here we talk about the step up from being a university student to studying the ACCA strategic professional exams.
In this episode I explain what is meant by OCI and OCE and how they are interlinked but different. This is great episode to listen to at the start of your SBR studies. Understand this from the start and life is sweeter - but also to listen to again on revision as it does cut across the whole SBR syllabi.