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) […]
Deciding to get into the world of accountancy and choosing between the different paths (e.g. which qualification, practice or industry, big firm or small firm, work area) can be a stressful time for people. This not only applies to those studying in directly relevant degrees (e.g. accounting, business) but even more so for those who […]
A fundamental concept in finance is that there is a time value of money. That is to say that an amount of money received today is worth more than the same amount of money received in a year’s time or any time in the future. While this principle may be difficult to grasp for those […]
As we are now three weeks into 2016 the focus for the majority of CAP1/2 students will firmly be on the various CAs taking place. However, it is also important that students take a step back and assess where their overall study plan is. Once the CAs are over the next big hurdle for students […]
Two important concepts that will be taught in any corporate finance module will be Net Present Value (NPV) and Internal Rate of Return (IRR). Both are investment appraisal techniques that are used to assess investment opportunities by businesses. Understanding both, and the relationship between them, is crucial for any finance student. To do this, students should […]
One common issue I find with a lot of accounting students (both at university and also at the professional exam stage) is they see their studies as the sole requirement or hurdle to becoming a capable and qualified businessperson. When I ask the majority of students if they read anything to keep up to date with business […]