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ACCA Tom Clendon's SBR podcast

ACCA Tom Clendon's SBR podcast

By Tom Clendon SBR online lecturer

Tom Clendon is an online ACCA SBR lecturer and if you are a student then this is a podcast aimed at you
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Tom talks APM with Geoff Cordwell

ACCA Tom Clendon's SBR podcast

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The importance of mock exams
The importance of mock exams
In this episode I am joined by Lucy Moore from ACCA. We talk about the importance of doing mock exams !  
11:23
January 31, 2023
Which Strategic Professional options to choose?
Which Strategic Professional options to choose?
In this episode I am joined by James Wright as we chew the fat over which optional exams are the best for you. Two heads are better than one. It is best to make an informed choice. And listening to this podcast will help!
10:22
January 13, 2023
In centre or remote invigilated exams at home?
In centre or remote invigilated exams at home?
If you have the choice as to whether to sit your exams in the comfort of your own home - or at an exam centre - then it should be an informed choice that works for you. It is important to make an informed choice. So I am joined by my colleague Ben Wilson to discuss this. We reveal our personal preferences and the results  of a LinkedIn poll of nearly 1,000 students.  
10:21
January 10, 2023
Ollie got 89% in SBR - so what are his secrets!
Ollie got 89% in SBR - so what are his secrets!
I caught up with my student Ollie and chatted with him about his study tips. In addition he talks about about the topic he found the most difficult and how useful he found whats app support.  
08:45
December 04, 2022
All about goodwill - the theory explained
All about goodwill - the theory explained
Goodwill. It is gets examined a lot. Why does it arise? How do you calculate and account for it? All these questions are answered and more! This episode is a useful recap of the basics. Suitable for both FR and SBR - and in fact anyone wanting to understand the accounting for goodwill. I hope you enjoy listening to it. A ten minute technical blast.
09:52
November 18, 2022
ATAX! Here I talk with Aileen Edgar who teaches ATAX (UK)
ATAX! Here I talk with Aileen Edgar who teaches ATAX (UK)
If you are planning on sitting the ACCA optional exam ATAX then this edition is aimed at you. Aileen Edgar is an expert online lecturer. I asked her about the difference between TX at skills and ATAX at strategic professional stage -as well as the introduction of 20 professional marks at ATAX, and so much more.  You might be surprised by her some of her answers !
11:55
November 07, 2022
How IFRS are tested at SBR - an example with IFRS13, IAS12, IAS37, & IAS38 all featuring
How IFRS are tested at SBR - an example with IFRS13, IAS12, IAS37, & IAS38 all featuring
At SBR standards are often examined in an integrated way, in a way that is applied to a particular situation where more than one accounting standard comes into play. Often students learn their standards in isolation but they are treated like ingredients when cooking up an SBR answer! In this episode I discuss how when a subsidiary is acquired the fair value exercise impacts on the measurement and recognition and liabilities. So fair values, deferred tax, provisions and intangibles are get a shout out. A good episode for revision and for understanding how SBR differs from FR. Enjoy. 
10:35
November 02, 2022
Results are out - what next?
Results are out - what next?
Results are out! What next...Maybe you have passed SBR, or need to resit it, or are coming to SBR for the first time! Let me share some advice and thoughts on your situation. Of course by all means reach out to me for a 1-2-1 consultation by sending me a whats app on 07725 350793 (+44 7725 350793)
07:20
October 17, 2022
IAS 37 Provisions with Sarah Ardiles
IAS 37 Provisions with Sarah Ardiles
Accounting for provisions are discussed! As indeed is how they are similar to being pregnant! I am joined in this episode by my friend and colleague Sarah Ardiles - someone who shares my passion for all things IFRS! No prior knowledge is assumed, but I reckon there is stuff to be learnt from ear wigging on our 10 minute chat.  
12:23
September 15, 2022
A hot review of the Sept 22 SBR exam
A hot review of the Sept 22 SBR exam
It is the day after the SBR exam. Here is my hot review. Compiled having listened to my students! Also published on my YouTube channel. 
10:36
September 10, 2022
All about the UK / Irish variant of SBR (FRS102)
All about the UK / Irish variant of SBR (FRS102)
There is an UK and an Irish variant of the SBR exam. These variants are for those students who want a practicing certificate. The extra content that these variants test is FRS102 (UK GAAP) and how this varies from International GAAP. In this episode I chat all things FRS102 with Steve Collins. To put it simply, Steve Collins is the country's leading authority on FRS102. He is MR UK GAAP. If you are doing the UK / Irish variant then this is an important episode for you! We talk through the differences between IAS GAAP and UK GAAP in respect of deferred tax; leasing and group accounts. The episode is 20 minutes long (my longest podcast). If you are doing the UK or Irish variant then every minute will be precious! If you want a course or support to pass SBR, then please reach out to me. Whats app. +44 7725 350793 (07725 350793)
21:33
September 06, 2022
IFRS 2 Share based payments (part 2) - not for beginners!
IFRS 2 Share based payments (part 2) - not for beginners!
In this episode I take the accounting standard IFRS 2 Share based payments and explore how it interacts with two other standards; IAS 7 Cash flow statements and IAS 12 Income Taxes (deferred tax). This is not for beginners. Those listeners with a prior knowledge of all three of these standards will get the most out of this episode. 
09:00
August 22, 2022
All about the AAA optional exam
All about the AAA optional exam
The Advanced Audit and Assurance exam is an optional exam at ACCA's strategical professional level. In this episode I chat with colleague Ben Wilson and he explains why he thinks you should chose to sit this exam! 
10:39
August 18, 2022
IAS 12 Deferred Tax (part 2) - not for beginners!
IAS 12 Deferred Tax (part 2) - not for beginners!
In this episode I take the topic of deferred tax and explore how it interacts with two different accounting standards (IAS 16 PPE and IFRS 16 Leases). I also touch on how IAS 12 appears to conflict with the conceptual framework! This episode is not for beginners! Make sure you listen to part 1 first!
11:05
August 17, 2022
IAS 8 Accounting Policies and Changes in Accounting Estimates
IAS 8 Accounting Policies and Changes in Accounting Estimates
After explaining the difference between accounting policies and accounting estimates, I then go on to apply this standard to a number of different practical situations.
12:27
August 10, 2022
Self insurance - an example of how to apply your technical knowledge
Self insurance - an example of how to apply your technical knowledge
To pass the final level professional accounting exams, you not only need to know your stuff but also how to apply it in new situations. In this episode I present you with a challenge. I wonder if you get to the conclusion before I do and understand my reasoning and answer first time!
05:06
July 07, 2022
How to account for Initial Coin Offerings !
How to account for Initial Coin Offerings !
Yes this is a current issue at SBR! First we need to understand the nature of an Initial Coin Offering (ICO) so that if this comes up in the exam we can discuss the accounting treatment. My explanation of ICO's includes references to intangibles assets, impairment and crypto currencies! I hope you enjoy the episode.
09:42
May 09, 2022
IAS 10 Events After the Reporting Period
IAS 10 Events After the Reporting Period
This is a "small" accounting standard - and one that many be already familiar with but it is always good to be reminded of the basics. After setting the scene with explaining the definitions, I take you through four separate examples to make sure we all have an understanding as to how this accounting standard is applied. Please like and subscribe to my podcast!
11:48
April 26, 2022
IASB Conceptual Framework (part 2) Assets & Liabilities
IASB Conceptual Framework (part 2) Assets & Liabilities
In this edition of the podcast I am talking about two elements that make up the financial statements "ASSETS" and "LIABILITIES". I will be discussing their definitions and recognition criteria given to them in the framework. I will point out how this can differ from particular accounting standards.
08:59
April 14, 2022
IASB Conceptual Framework (part 1) "useful information"
IASB Conceptual Framework (part 1) "useful information"
In this episode I explain the nature of the IASB's Conceptual Framework for Financial Reporting. The importance of useful information is discussed - and with plenty of examples! It is only ten minutes long. Short and sharp. 
10:27
April 05, 2022
Is it best to take ACCA exams at an exam centre or remotely?
Is it best to take ACCA exams at an exam centre or remotely?
ACCA allow many of you a choice as to where to sit your ACCA exams - either in an exam centre on their computer OR remotely (meaning that you sit the exam at home on your own computer). In this episode I discuss this choice with my colleague Ben Wilson. We draw on the experiences of our students to give you advice so that you can make an informed decision. As always if you want to chat about this - or any aspect of studying ACCA and SBR - just reach out to me on whats app 07725 350793 / + 44 7725 350793
05:22
February 15, 2022
All about IFRS 2 Share Based Payments (equity settled share based payments) - part 1
All about IFRS 2 Share Based Payments (equity settled share based payments) - part 1
IFRS 2 is sometimes thought of as a tricky standard. In this edition of the podcast we explore the nature of equity settled share based payments that are issued to staff (basically options). By understanding why they are issued will help us understand the required accounting treatment. Towards the end of the podcast I explain (briefly) the interaction of this standard with the preparation of a cash flow statement using the indirect method and the deferred tax implications! I hope you enjoy the episode.
11:35
February 08, 2022
An SBR prize winner speaks and shares her secrets....
An SBR prize winner speaks and shares her secrets....
Hear from a student who got the top mark in SBR in the whole of her country. She shares her study tips and approach to online learning. I think you will find it very interesting.
12:30
January 29, 2022
UK or INT - with the help of Ben Wilson (AAA) let us explain whether YOU should chose to do SBR as an UK exam or INT exam!
UK or INT - with the help of Ben Wilson (AAA) let us explain whether YOU should chose to do SBR as an UK exam or INT exam!
The ACCA SBR and AAA exams come with a choice, a decision that you have to make. International exam or UK variant. For some of you INT will be the right path - and for others UK is the best choice. In this brief podcast I am joined by AAA expert tutor Ben Wilson and we explain on what basis you should decide. Still not sure or just want a chat - then reach out to me via whats app 07725 350793 (+44 7725 350793)
06:27
December 27, 2021
Integrated Reporting and SBR
Integrated Reporting and SBR
In this episode Tom Clendon talks about integrated reporting as this is a topic that has been, and will be, examined at SBR. Having explained what an Integrated Report is; the podcast then goes on to explain its benefits (why businesses produce it), the contents of a typical Integrated Report and concludes with some reflections about its role in financial reporting.  If you want help passing SBR then please reach out to me. My website is www.tomclendon.co.uk 
09:31
December 06, 2021
IAS 40 Investment Properties
IAS 40 Investment Properties
In this episode I explain the definition of an investment property and how it is accounted for. We also consider several issues including what happens when an individual property is partly occupied and partly rented out as well as accounting in the group accounts.
09:16
November 19, 2021
IAS 21 Foreign Currency - and group accounts!
IAS 21 Foreign Currency - and group accounts!
At SBR we get involved in explaining how the financial statements of an overseas subsidiary are translated in the presentational currency of the group as part of the consolidation process. In this episode I set out the process and explain how the group exchange difference arises and how it is accounted! All good stuff.  There is a separate episode which just deals with foreign currency transactions and balances from the perspective of the individual company.
10:03
October 14, 2021
Part 2 Sustainability and climate change reporting with Ben Wilson
Part 2 Sustainability and climate change reporting with Ben Wilson
In this 2nd episode on this topic I discuss with Ben Wilson, the ACCA AAA expert about the latest developments in the regulation relating to reporting on sustainability and climate change reporting. This is a topical issue that will not go away - so it is great to get another take on it!
21:15
September 27, 2021
Accounting for provisions!
Accounting for provisions!
In this episode I discuss accounting for provisions - which is at present regulated by IAS37 Provisions, Contingent Liabilities and Contingent Assets. In addition to explaining the basics of the standard I discuss why the standard is said to conflict with the current conceptual framework and what is meant by the "all or nothing approach" adopted by the standard. The areas of judgment are highlighted and the application of the standard is illustrated through two specific examples. An action packed 12 minutes!  
12:49
August 30, 2021
Part 1 Sustainability and climate change reporting
Part 1 Sustainability and climate change reporting
Sustainability reporting is a current issue that will be examined in SBR in forthcoming exams. Its important to be able to understand why accountants should report on these issues and the debate and developments around the form of such reports.  I recorded a second episode on this topic - with Ben Wilson - where we discussed the very latest developments in regulation ahead of COP26. So please also check out Part 2 Sustainability and climate change reporting.
09:50
August 21, 2021
Financial Assets and how to account for them! (another episode on IFRS9 Financial Instruments)
Financial Assets and how to account for them! (another episode on IFRS9 Financial Instruments)
IFRS9 Financial Instruments is a massive standard. What I am doing in this episode is explaining how financial assets (investments in shares and debentures) are classified and accounted for. I hope you enjoy the episode. If you have a topic that you want covered please let me know.
13:35
July 09, 2021
Current issues - crypto currencies! No IFRS - so how to account for them?
Current issues - crypto currencies! No IFRS - so how to account for them?
Bit coins! There is no accounting standard on this issue. So it is important that we understand the arguments and alternatives around this topic as it could be tested in a number of different ways. 
17:33
June 06, 2021
All about pensions (IAS19 Employee Benefits)
All about pensions (IAS19 Employee Benefits)
This is a long episode! Listen as I explain the basic principles to accounting for pensions. It starts with understanding the difference between defined contribution schemes and defined benefit schemes! Most of the podcast is taken up with explaining how defined benefit schemes are accounted for in the statement of financial position, the profit and loss account, the cash flow statement and what appears in other comprehensive income. Dive in. Enjoy. (You can always listen to it twice!)
26:09
May 16, 2021
How to account for financial guarantees!
How to account for financial guarantees!
This topic was suggested to me by Aaditya Chaturevedi via my Linkedin account. It is a good one - because in explaining how the guarantor accounts for the giving of a guarantee on another party's loan I name checked five different accounting standards! I wonder if you can guess what they are before you start to listen! In the podcast I use the example of an entity giving a guarantee relating to a $100m 5 year loan taken out by another party. Happy listening! Please like and follow the podcast
14:15
May 11, 2021
Current issues - Goodwill and IFRS3 Business Combinations
Current issues - Goodwill and IFRS3 Business Combinations
In this episode I critique the accounting treatment of goodwill as set out in IFRS3 Business Combinations. I set out four criticisms of the standard including discussing whether purchased goodwill should be recognised as an asset, and the arguments around why goodwill should systematically amortised and so not subject to an annual impairment review. 
13:05
April 22, 2021
Lets talk debits and credits!
Lets talk debits and credits!
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 !
15:20
April 06, 2021
All about the difference between a subsidiary and an associate!
All about the difference between a subsidiary and an associate!
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.   
15:20
March 21, 2021
Tom talks APM with Geoff Cordwell
Tom talks APM with Geoff Cordwell
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.
17:58
March 08, 2021
All about Ethics (Q2 of the SBR exam)
All about Ethics (Q2 of the SBR exam)
Ethics. It will be there in the exam - so listening to this episode is essential for every SBR student. I talk about about how to gain those professional marks as well. Enjoy !
09:41
February 25, 2021
All about accounting for derivatives (IFRS9 Financial Instruments)
All about accounting for derivatives (IFRS9 Financial Instruments)
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!
17:48
February 18, 2021
It is all about Alternative Performance Measures (APMs)
It is all about Alternative Performance Measures (APMs)
APMs have been and will be examined again in SBR. You need to know what they are, why they might be useful and how they are regulated. I am also going to delve into the meaning of EBITDA. 
13:43
January 30, 2021
Remote exams - George's experience
Remote exams - George's experience
George sat his ACCA SBR exam in December 2020 as a remote exam. In this short podcast he recounts his experience. He also has some practical advise for everyone who is taking ACCA exams remotely.
05:33
January 21, 2021
All about IFRS for SMEs
All about IFRS for SMEs
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!
08:43
January 07, 2021
In conversation with Sunil Bhandari AFM lecturer
In conversation with Sunil Bhandari AFM lecturer
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.
28:07
December 23, 2020
In conversation with Sean Purcell about SBL
In conversation with Sean Purcell about SBL
Sean Purcell is an ACCA guru for SBL. He teaches SBL online with FME. Here he talks all things SBL.
12:08
December 22, 2020
Tips on exam technique - how to answer SBR questions the smart way
Tips on exam technique - how to answer SBR questions the smart way
In this episode I explore how you should go about answering SBR exam questions in a way that will earn you the marks! I talk about your exam strategy and what to do the day before the exam.
12:50
December 03, 2020
All about IFRS16 Leases
All about IFRS16 Leases
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.
07:13
November 27, 2020
Covid 19 - 15 minutes on the accounting implications
Covid 19 - 15 minutes on the accounting implications
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.
14:59
November 20, 2020
All about IAS 16 PPE - depreciation and revaluations
All about IAS 16 PPE - depreciation and revaluations
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! 
11:58
November 03, 2020
In conversation with James Wright - ACCA member, lecturer and youtuber
In conversation with James Wright - ACCA member, lecturer and youtuber
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.
12:05
October 30, 2020
In conversation with Maz Islam - How to succeed at SBR
In conversation with Maz Islam - How to succeed at SBR
I caught up with Maz - he passed the SBR September 2020 exam on CBE. He reflects on class room learning and online learning; how he prepared for the exam and he shares his own study tips.
09:27
October 28, 2020
All about OCI and OCE - what is the difference?
All about OCI and OCE - what is the difference?
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. 
06:08
October 27, 2020
In conversation with Cecilia Tandi, current ACCA student and future member
In conversation with Cecilia Tandi, current ACCA student and future member
I chat with Cecilia, a Financial Analyst at Legal & General about why she chose ACCA, what inspires her and her study tips!
06:13
October 23, 2020
All about IAS21 Foreign Currency - the individual company stage
All about IAS21 Foreign Currency - the individual company stage
The ACCA SBR exam often tests the principles (and numbers) of foreign currency transactions etc. Enjoy!
08:26
October 15, 2020
All about IFRS13 Fair Value - the definition explained and then some more, by Tom Clendon SBR online lecturer
All about IFRS13 Fair Value - the definition explained and then some more, by Tom Clendon SBR online lecturer
IFRS13 Fair Value Measurement is a key standard for the ACCA SBR exam because so many other standards require or give the option of measuring assets (or liabilities) at fair value.
08:45
October 11, 2020
All about - IAS36 Impairment
All about - IAS36 Impairment
All about IAS36 Impairment - understanding the basics and talking through the impact on the cash flow statement and deferred tax, by Tom Clendon SBR online lecturer
07:08
October 09, 2020
All about the SBR exam
All about the SBR exam
Tom Clendon introduces you to the SBR exam - its structure, what comes up and how topics are examined.
10:26
October 08, 2020
IAS12 Income Taxes - the way, the how and the basic principles of accounting for deferred tax (Part 1)
IAS12 Income Taxes - the way, the how and the basic principles of accounting for deferred tax (Part 1)
Tom Clendon, SBR online lecturer explains why and how deferred tax is accounted for. Look out the another episode (Part 2) where we deep dive into how deferred tax is applied to with other standards e.g. IFRS 16 Leases
11:14
October 07, 2020