Managing Your Time in the ACA FAR Exam
The Financial Accounting and Reporting (FAR) exam is regarded as one of the hardest exams required to obtain the ACA qualification. It contains a lot of content of varying levels …
Your online guide for all things accounting
The Financial Accounting and Reporting (FAR) exam is regarded as one of the hardest exams required to obtain the ACA qualification. It contains a lot of content of varying levels …
As discussed in our previous post, the journal entries required for accruals are quite simple. The purpose of an accrual is to recognize an expense before the invoice has been …
The primary job of an auditor is to ensure that the financial statements of a company are free from “material misstatement”. But what does this actually mean? The basic meaning …
External auditors often carry out what are known as walkthroughs while they complete their fieldwork. They involve the auditors spending time sat with members of the finance team and perform …
The accounting treatment for Property, Plant and Equipment (commonly referred to as PPE) is set out within IAS16. PPE may also be referred to as fixed assets or tangible assets and …