An article exploring the Accounting Standard FRS 10
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This June’s Intermediate assessment performances show a big overall improvement
Students completing Unit 11 Financial Statements, need to develop competence in drafting the final accounts of a limited company.
In the past year, the Scottish land records agency has made purchasing much more efficient. Jane Simms explains
Although the topic of group accounts and consolidations is mainly dealt with at technician level, there is reference made to consolidating results in Unit 7 of the Intermediate level.
Amanda McIntyre Head of modernising government, Confederation of British Industry Maybe there would have been less fuss about public-private partnerships (PPP) if they had been launched as the better procurement initiative. There have been false argu
At the foundation stage students need to know the relationship between financial and management accounting. This article defines the objectives of these areas and illustrates their relationship.
The nature and purpose of Responsibility Centres, including expense centres, profit centres, investment centres and how to measure their performance.
You need to calculate the ‘contribution per limiting factor’. If, for example, there is a shortage of a particular material, and several products require it, it makes sense to allocate it to the most profitable products. The contribution technique allows you to identify these, rank them in order of profitability, and allocate the material to maximise the profits.
Goodwill arises when a new partner joins a partnership, or an existing partner leaves. In both cases, a valuation of the ‘old’ partnership is carried out to ascertain the value of the whole business at the date of the change.