Financial statements of defined benefit pension plans
In this post we look over the different areas of the financial statements that are affected by a defined benefit pension plan.
Statement of Financial Position
Both the pension assets...
I sat my FAE exams a few years ago, and managed to get through first time around. Here are a few pointers which should be of use to you.
What does the FAE exam test?
What is a Multi-component Sale?
So far we've looked at revenue from the viewpoint of selling one good or one service at a time.
However, often goods or services can be packaged together for sale in...
When you're looking at EPS you'll also come across a ratio called the price-earnings ratio.
What is the Price-Earnings Ratio?
The price-earnings ratio is is an important stock market ratio, which compares the current market price...
Definitions of Rights issues, Options and Warrants
A rights issue is where a company offers existing shareholders a chance to buy new shares in the company at below market rates at a future date.
Presentation and Disclosure
Under IFRS 5 'An entity shall present and disclose information that enables users of the financial statements to evaluate the financial effects of discontinued operations and disposals of non-current assets (or disposal...
Revenue is the name given to an entity's income that arises in the ordinary course of activities and is known by a number of other names including:
Revenue is disclosed in the statement of comprehensive...
From an accounting perspective, it's hard to justify having a company mission. They're hard to value and viewed as dubious by many managers. However, there are three reasons why having a mission is important...
Not all companies engage in strategic planning, some of them view it as an unnecessary distraction from day-to-day activities. This type of unplanned strategy is called 'emergent strategy'. Most companies recognise the benefits of...
A question students often ask is whether they can start their ACCA studies without starting their work experience?
In short, yes. You can start studying ACCA without work experience. However, if you want to get...