‘Relevant costs’ can be defined as any cost relevant to a decision. A matter is relevant if there is a change in cash flow that is caused by the decision. This podcast looks at the different kinds of costs that can be considered as either relevant or irrelevant, and then considers some specific examples that might be found in an exam question.
International Financial Reporting Standard 9 Financial Instruments is a complex standard, especially for users and preparers of financial statements. IFRS 9 is relevant to the Financial Reporting (FR) syllabus, and so this podcast takes a high-level review of its application to the following: Financial assets, financial liabilities and convertibles.
Syllabus area E4 of the SBL study guide requires students to discuss, assess and evaluate the security of IT systems. This podcast explains why these skills are crucial for those seeking to become effective strategic business leaders and demonstrates how they can be applied in practice.
Islamic finance rests on the application of Islamic law, or Shariah, whose primary sources are the Qur'an and the sayings and practice of the Prophet Muhammad. Shariah, and very much in the context of Islamic finance, emphasises justice and partnership. The ACCA Financial Management syllabus contains a section on Islamic finance (Section E3). This podcast explores the main tenets of Islamic finance and how it applies in a contemporary business world.
Understanding the business model of an entity is helpful in analysing and communicating the essence of a business and for predicting the implications of a change in circumstance on a business. Strategic Business Reporting (SBR) candidates should use this technique to improve their answers to SBR questions and this podcast should help them to do this.
There are many issues that accountants may encounter in practice for which no accounting standard currently exists; one example is cryptocurrencies. For example, as no accounting standard currently exists to explain how cryptocurrency should be accounted for, accountants have no alternative but to refer to existing accounting standards. This podcast demonstrates to Strategic Business Reporting (SBR) candidates how this can be done using cryptocurrencies as an example.
The Sustainable Development Goals are 17 goals tackling major world issues agreed by 193 UN member states to be achieved by 2030. In this podcast we look at what the goals are and how they can provide insights for companies into how to create economic, social and environmental value for their investors and other stakeholders.
This podcast gives an overview of big data and its characteristics. It then explores data analytics and looks at some examples of how using big data and data analytics can improve business performance.