5 Advantages of Strategic Planning for ACCA Paper P3

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 strategic planning, so what are they?

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Introduction to Business Combinations under IFRS 3

What is a Business Combination?

A Business Combination is a “transaction or other event in which an acquirer obtains control of one or more businesses”. IFRS 3 Business Combinations states how an acquirer should recognise and measure the acquisition of another business, and the recognition and measurement of any goodwill.

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7 Key Points to Study for IAS 11 Construction Contracts

When studying IAS 11 Construction Contracts, you can split the topic into seven key areas:

1.  Definition of a construction contract

A construction contract is a contract specifically negotiated for the design, manufacture or construction of:

  • a single asset such as a bridge, building or road, or
  • a number of related assets. For example, a large factory may have different components

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Update: CAP2 Financial Reporting mind maps

CAP2 Financial Reporting isn’t a subject that many visual learners find easy. Read through these mind maps alongside your current textbook and notes, and use the combination of both your own notes and mind maps to visualise the study material.

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Update: IAS 23 Borrowing Costs multiple choice quiz

If you’re studying IAS 23 Borrowing Costs, why not test your knowledge with our multiple choice quiz? Click here to take the quiz. By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.

Update: IAS 10 Events After the Reporting Period quiz

If you’re studying IAS 10 Events After the Reporting Period, why not test your knowledge with our multiple choice quiz? This is available by clicking here. By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.

6 Features of Good Corporate Governance in Public Sector Organisations

Public Sector organisations are different to private organisations as there can be a number of different stakeholders involved. For example, they may report and be held accountable to senior civil servants, who run the organisation and oversee its goals. They may also be accountable to the politicians, who these civil servants report to. Ultimately, they are accountable to the electorate, who vote the politicians into office.

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