Crowd funding
What is crowd funding and how do you account for the cash received? Traditionally when companies wanted funding, they would either go to a bank to borrow or issue equity…
Substance over form
“I was going over the IASB’s conceptual framework and come across the phrase “substance over form”. Can you explain what this means as I don’t quite understand what this phrase…
IFRS 11 & the accounting for joint operations & joint ventures – same same but different?
This blog explains the difference between a “joint operation” and a “joint venture” and how they are accounted!They are both Joint Arrangements!First let me confirm that both joint operations and…
Back on Track to success in ACCA exams
Not every student passes their exams first time. I recently was invited to run an ACCA student webinar with Paul Kirkwood, Head of ACCA learner experience which was aimed at…
Explained: Derivatives and Hedge Accounting
Tom with a former student What are derivatives?Derivatives are complex financial instruments that are entered into at little or no cost and are designed to be settled at a future…