IFRS Mind Maps back on sale

Last year we stopped selling our IFRS Mind Maps as they were getting a little dated. Since then, quite a number of you have contacted us asking for them to be put on the market and updated. Today, after quite a bit of work, I’m delighted to announce our IFRS mind maps are back on …

Read more

Understanding the Purpose of Conceptual Framework for IFRS

What is the purpose of the Conceptual Framework?

If there were no framework for preparing financial statement, accounting standards would be developed in a random, haphazard way to deal with issues as they arise. This would result in standards which would be inconsistent with each other or legislation.

By having a single conceptual framework, preparers and users of financial statements understand that accounting practices and accounting standards are based on this common ideology.

Read more

Introduction to IAS 18 Revenue


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:

  1. Sales
  2. Fees
  3. Interest
  4. Dividends
  5. Royalties
  6. Rent

Read more

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.

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.

Read more

Chartered Education