ACCA Study guides, Class notes & Summaries

Chapter 03 International Convergence of Financial Reporting Multiple Choice Questions 1. According to Sir Bryan Carsberg, former IASC Secretary-General, what is the most significant cost of accounting diversity? A) The time expended by accountants to create multiple sets of financial statements conforming to different national standards B) The cost of the IASB to regulate compliance with many national accounting standards C) The reduction in effectiveness of the international m...

oxford brooke's degree information of bsc hons after clearing Acca Knowledge and skills level and writing a 7500 word thesis.

The following document is a high level summary of the Kaplan textbook for March 2024 & June 2024 ACCA Strategic Business Reporting Exam. All chapters are covered in detail with each chapter summarised into easily understandable points which can be summarised into revision cards for later levels of study.

ACCA - Audit and Assurance (AA) Objective of an external audit - Answer- The objective of an audit of financial statements is to enable the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with applicable financial reporting framework. An audit of financial statements is an example of an assurance engagement. Advantages of a non-statutory audit - Answer- It can provide a means of settling accounts between the partners...

ACCA Advanced Audit and Assurance (UK) The need for assurance services - Answer-Assurance professionals provide reports that give an independent opinion as to whether the subject matter complies with pre-determined criteria. This enables the end user of that information to place more or less reliance on that information when making decisions Decision makers within financial markets need to have the confidence to make informed decisions The need for regulation - Answer-Business failures,...

ACCA Advanced Audit and Assurance Define materiality - Answer- Matters are material if their omission or misstatement could influence the economic decisions of users of the financial statements. What are the materiality benchmarks? - Answer- - Above 1⁄2- 1% of revenue - Above 1 - 2% of total assets - Above 5 - 10% of profit before tax Define performance materiality - Answer- This is an amount set by the auditor that is less than the overall materiality threshold. Its purpose is t...

BUSINESS AND TECHNOLOGY BT F1 Study Text

ACCA and FIA ACCA Business and Technology (RQF Level 4) Business and Technology (BT) EXAM KIT

This PDF contains all of the notes from the first chapter (as well as the university lecture designed for this chapter) of the ACCA Business Technology subject book.

ACCA Paper F3 and FIA Diploma in Accounting and Business Financial Accounting (FA/FFA) Study Text complete guide to study for F3 paper