ACCA students go international

Article Abstract:

The ACCA is including international issues in its examinations for financial accounting and auditing as part of its efforts to transform itself into the leading international professional accounting organization. Starting Dec. 1997, interested ACCA students will be able to take examinations based on standards developed by the International Accounting Standards Committee and on International Standards on Auditing from the International Auditing Practices Committee. Four of the 14 papers comprising the ACCA qualification will be internationalized, namely, Paper 1, 'Accounting Framework'; Paper 6, 'Audit Framework'; Paper 10, 'Accounting and Audit Practice'; and Paper 13, 'Financial Reporting Environment.' Papers 1 and 6 are discussed.

Tests, problems and exercises

---

Rules and risks

Article Abstract:

Financial instruments in the UK must be measured at fair value and recognized immediately on the income statement, as well as requiring full disclosure. Liabilities must therefore be clearly distinguished from equity, and the fact that fair value may not be reliable must also be disclosed.

United Kingdom, Laws, regulations and rules, Practice, Derivatives (Financial instruments), Finance

---

STRGL and p&l united?

Article Abstract:

The approach taken to the disclosure of financial performance set out in UK Financial Reporting Exposure Draft 22 is described, with focus on the recommendation that a combined statement of performance is produced.

Standards, Reports, Accounting Standards Board, Corporation reports, Company reports

Similar abstracts:

• Abstracts: Are unsolicited credit ratings lower? International evidence from bank ratings. An empirical analysis of the bias and rationality of profit forecasts published in new issue prospectuses
• Abstracts: Relative absorptive capacity and interorganizational learning. The trusted general manager and business unit performance: empirical evidence of a competitive advantage
• Abstracts: The budget process: a liability to the nation. Let's wait for the spring! Steady as she goes - for now
• Abstracts: Taxing times for banks. Banks look to international stage. Euro banks on a roll
• Abstracts: Miller Genuine Draft runs 'Blind Date" promotion. DreamWorks launches promos for 'Shrek'

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.