Founder, Faculty - Global Fin X
ACCA (Affiliate), CMA(US), CSCA(US), Dip IFRS, AFA (UK), MIPA (Aus), M.Com, M.B.A
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IFRS 13, Fair Value Measurement
IFRS 13 has required a significant amount of work by entities to simply understand the nature of the principles and concepts involved. IFRS® 13, Fair Value Measurement was issued in May 2011 and defines fair value, establishes a framework for measuring fair value and requires significant disclosures relating to fair value measurement. The International Accounting Standards Board…
Environmental management accounting
Environmental management accounting is part of the Performance Management syllabus and requires students to describe the issues businesses face in managing environmental costs, and the different methods they may use to account for these. A member of the Performance Management examining team provides students with an introduction to environmental management accounting The two requirements of…
Economic value added versus profit-based measures of performance – part 2
The second part of an article on Economic Value Added (EVA focuses on how to interpret the calculated EVA and its use as both an organisational and divisional performance measure. Relevant to ACCA Qualification Paper P5 In the first part of this article, we considered the rise in popularity of Economic Value Added – or…
Impairment of goodwill
This article discusses and shows both ways of measuring goodwill following the acquisition of a subsidiary, and how each measurement of goodwill is subject to an impairment review. Following the revisions to IFRS 3, Business Combinations, in January 2008, there are now two ways of measuring the goodwill that arises on the acquisition of a…
Data analytics and the role of the management accountant
This article describes performance metrics that are used by internet-based businesses and, in particular, looks at some of the metrics available in Google Analytics, the most widely used analytics tools for website traffic. We are living through the digital revolution where the traditional business landscape is being pushed aside by internet based companies. Large well…
The risks of uncertainty – part 2
In this second article on the risks of uncertainty, we build upon the basics of risk and uncertainty addressed in the first article published in April 2009 to examine more advanced aspects of incorporating risk into decision making In particular, we return to the use of expected values and examine the potential impact of the…