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Lease Accounting – IFRS 16 & Tesco

The landscape for lease accounting has taken a significant change since 1st January 2019 with IFRS 16 now replacing IAS 17 in accounting for leases.  This new standard has been over 10 years in development since the first discussion paper was released by IASB back in 2009. It represents a fundamental change to accounting for […]

Real World Read – Carillion Plc [Company in Difficulty]

The recent collapse of Carillion Plc in the UK provides a timely case study for CAP2 SFMA students on the topic of a company in difficulty. Carillion was the UK’s second largest construction contract with a host of public and private construction and facilities management contracts. “How did you go bankrupt?” Bill asked. “Two ways,” […]

Back to School!

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 […]

Approaching Consolidation Questions – CSPLOCI

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 […]