Financial Accounting

Everything you need to know for the Business Acumen for Accountants June Exam. Distinction material!

A very important summary dealing with a very important standard. The summary delves into the technical aspects of the reason why and how the share based payment expense is recognized. Easy to follow examples included!

The fair value standard is notoriously "wordy" and quite technical. My summary aims to unpack all the technical jargon in a way that is understandable for the reader. Please enjoy!

My lecturer at university always said to focus on the definitions in accounting. As long as you understand the basics of the definitions, accounting becomes relatively straightforward. The summary does indeed tend to explain the definitions of financial instruments (IAS 32 and IFRS 9) in a way that is understandable. Examples included!

An intro to IAS 8. Clear, distinctive analysis of the key differences between a change in policy, estimate and errors. Examples included.

A short, concise document written to explain more about the ins and outs of IAS 40 Investment property. Please enjoy!

You highest score is 70% to 100%

Presenting both an in-depth and light hearted discussion on the fundamentals of inventory valuation. Including but not limited to overhead allocation, fifo vs weighted average and periodic vs perpetual inventory systems. Primarily intended for beginner to intermediate level.

Presenting a concise summary of the most important elements of Intangibles by focussing on the definition mainly, real world phenomena and much much more. The notes are primarily intended for a beginner to intermediate level.

Presenting a concise summary of the most important elements of Property, Plant and equipment (PPE) describing depreciation, the PPE definition and the 2 models (cost and revaluation) employed to recognize PPE. The notes are primarily intended for a beginner to intermediate level.