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?
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.
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
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.
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.
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.
There are a few key concepts underpinning good corporate governance in an organisation. Here are a few of them you should know.
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.
Over the past few weeks, students have been requesting a summary note on IAS 39 Financial Instruments – Recognition and Measurement. We’re happy to announce we’ve just finished working on a new summary note, which should help your revision. You can access the IFRS Summary notes here.
Although earnings per share is a very popular performance measurement tool, it is not without its drawback and limitations. Here are four important drawbacks you should know for your IAS 33 EPS studies.