September marks the beginning of the academic cycle once more and with it starts the process of new timetables, book collections and lectures! Whether you are a new CAI student or returning for another year, it is important to get a good start to the academic year. There have been many examples of students who […]
While all that CAP2 study and dreaded exams may be a distance memory since freedom kicked in around the end of June, stress levels are no doubt increasing again this week in advance of the publication of the CAP2 results this Friday. CAP2s are likely to be the most technical set of exams you will […]
We are now coming to the business end of study leave with exam week just a week away. A lot of the hard work (hopefully!) has been complete but it is important that you also take some time to prepare for the exam week itself to ensure you perform to the best of your ability […]
This is the final article on approaching consolidation questions which will focus on preparing the consolidated statement of changes in equity (CSOCE). The first article in this series focused on preparing the CSOFP, while the second article focused on preparing of the CSPLOCI. With both these financial statements prepared, the final statement to be prepared […]
This is the second article on approaching consolidation questions which will focus on preparing the consolidated statement of profit and loss and other comprehensive income (CSPLOCI). The first article in this series focused on preparing the consolidated statement of financial position (CSOFP) with a particular emphasis on the two main methods to approaching the question […]
Consolidated financial statements are a fundamental part of advanced financial reporting and typically are one area that many accounting students struggle with. The transition from the preparation of single company financial statements (IAS1 based questions + adjustments) to consolidated financial statements can be difficult and while the fundamental principles (e.g. double entry, core financial statements) […]