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ACCA: Technical articles Profile

ACCA: Technical articles

English, Training, 1 season, 165 episodes, 1 day, 12 hours, 35 minutes
About
These educational podcasts offer an in-depth exploration of a range of subjects relevant to the ACCA Qualification. Areas covered include risk, governance, ethics, audit, human resource management, strategy, environmental accounting and many more.
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Episode 167: Public sector governance

This topic is covered in the Strategic Business Leader syllabus. The purpose of this podcast is to introduce this topic and give some pointers as to what the important themes are in terms of teaching and learning.
10/7/202212 minutes, 52 seconds
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Episode 166: Improving your Advanced Performance Management answers – part 2

This two-part podcast aims to give clarity on the level of response that is required in a APM answer. It will address a specific past exam question that caused considerable difficulty in the March 2021 session. This episode follows on from the first part, which gave examples of weak answers, and this one will discuss two possible pass standard solutions to this question.
10/7/202216 minutes, 45 seconds
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Episode 165: Improving your Advanced Performance Management answers – part 1

This two-part podcast aims to give clarity on the level of response that is required in a APM answer. It will address a specific past exam question that caused considerable difficulty in the March 2021 session. This part will present and discuss two possible poor solutions to this question.
10/7/202217 minutes, 35 seconds
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Episode 164: The audit of assertions

This podcast focuses on assertions as identified by ISA 315 (Revised 2019) and also provides useful guidance to candidates on how to tackle questions dealing with these.
10/7/202214 minutes, 51 seconds
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Episode 163: Diversifying the board – a step towards better governance

The board of directors forms one of the pillars of a robust corporate governance framework. Recent academic literature suggests that one of the ways to enhance corporate governance, arguably, is to diversify the board and this is included in the Strategic Business Leader syllabus. This podcast explores the concept of board diversity and how it may benefit the organisation, as well as the possible costs of board diversity and the current regulatory initiatives that apply to it. 
10/7/202213 minutes, 48 seconds
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Episode 162: The integrated report framework

In 2013, the International Integrated Reporting Council (IIRC) released the first version of its framework for integrated reporting. The framework established principles and concepts that govern the overall content of an integrated report. This podcast explores the content, uses and impact of the integrated report framework.
10/7/20227 minutes, 59 seconds
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Episode 2: Behavioural finance

Learning outcome F4c of the Financial Management (FM) syllabus is as follows: Describe the significance of investor speculation and the explanations of investor decisions offered by behavioural finance. The learning outcome is at intellectual level 1, meaning that knowledge and comprehension of this topic is required. This podcast briefly looks at what behavioural finance is and some important terms related to behavioural finance which students should know.
7/21/20214 minutes, 17 seconds
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Episode 1: Intangible assets – can’t touch this

IAS® 38 Intangible Assets is one of the key standards in the Financial Reporting (FR) exam, covering how companies should account for intangible assets. This standard can be examined in all sections of the exam. A well-prepared candidate needs to be able to understand and explain the key principles of the standard, in addition to preparing calculations. 
7/21/20211 hour, 20 minutes, 30 seconds
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Group audits

The audit of group financial statements is an area frequently examined in the Advanced Audit and Assurance examination. It can be tested at any stage of the audit cycle and therefore in any section of the examination. It is important that candidates are able to identify risks arising from aspects of group audits and the responsibility of auditors in this regard. This podcast focuses on the key areas of group audit, highlighting sections of ISA 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). Candidates should be familiar with the standard prior to sitting the Advanced Audit and Assurance exam.
3/5/202116 minutes, 46 seconds
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Episode 161: Relevant costs

‘Relevant costs’ can be defined as any cost relevant to a decision. A matter is relevant if there is a change in cash flow that is caused by the decision. This podcast looks at the different kinds of costs that can be considered as either relevant or irrelevant, and then considers some specific examples that might be found in an exam question.
1/26/202125 minutes, 36 seconds
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Introduction to Islamic finance

Islamic finance rests on the application of Islamic law, or Shariah, whose primary sources are the Qur'an and the sayings and practice of the Prophet Muhammad. Shariah, and very much in the context of Islamic finance, emphasises justice and partnership. The ACCA Financial Management syllabus contains a section on Islamic finance (Section E3). This podcast explores the main tenets of Islamic finance and how it applies in a contemporary business world.
11/20/201930 seconds
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SBR: Business models

Understanding the business model of an entity is helpful in analysing and communicating the essence of a business and for predicting the implications of a change in circumstance on a business. Strategic Business Reporting (SBR) candidates should use this technique to improve their answers to SBR questions and this podcast should help them to do this.
11/13/201910 minutes, 20 seconds
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SBR: Accounting for cryptocurrencies

There are many issues that accountants may encounter in practice for which no accounting standard currently exists; one example is cryptocurrencies. For example, as no accounting standard currently exists to explain how cryptocurrency should be accounted for, accountants have no alternative but to refer to existing accounting standards. This podcast demonstrates to Strategic Business Reporting (SBR) candidates how this can be done using cryptocurrencies as an example.
6/26/201910 minutes, 57 seconds
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SBR: The Sustainable Development Goals

The Sustainable Development Goals are 17 goals tackling major world issues agreed by 193 UN member states to be achieved by 2030. In this podcast we look at what the goals are and how they can provide insights for companies into how to create economic, social and environmental value for their investors and other stakeholders.
6/5/20198 minutes, 17 seconds
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Auditing in specialised industries

This podcast provides some insight into the matters that need to be considered by auditors when engaged to provide the external audit service to a client operating in a specialised industry.
3/5/20197 minutes, 1 second
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The Money Laundering Regulations 2017

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations replaced the Money Laundering Regulations 2007 with updated provisions that implement in part the EU Fourth Money Laundering Directive, which in turn applied the latest Financial Action Task Force (FATF) standards. This podcast will look at the changes introduced by the new regulations.
3/5/201914 minutes, 49 seconds
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The Criminal Finances Act 2017

There are a number of possible criminal offences relating to tax evasion. Some of these are statutory and others are covered by the common law. This podcast provides an overview of the measures introduced by the Criminal Finances Act 2017.
3/5/20196 minutes, 42 seconds
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Bouncing back from a fail

Failing an exam can feel like the worst thing in the world – how do you pick yourself back up? Understand what went wrong so you pass next time. Here are some tips for moving forward with a positive mindset.
2/11/20197 minutes, 55 seconds
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Recommended approach to Section B of the SBR exam

The purpose of this podcast is to give candidates an insight into the thinking of the SBR examining team when setting Section B of the SBR exam. It particularly relates to questions 3 and 4 of the SBR exam and further reflects on the specific skills and qualities that accountants are required to have in the work place.
11/22/201817 minutes, 31 seconds
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Behavioural finance

Learning outcome F4c of the Financial Management syllabus is as follows: Describe the significance of investor speculation and the explanations of investor decisions offered by behavioural finance. This podcast briefly looks at what behavioural finance is and some important terms related to behavioural finance which students should know.
11/22/20183 minutes, 53 seconds
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Financial reporting - examiner approach

The Financial Reporting exam aims to develop knowledge and skills in the understanding and application of accounting standards and the conceptual and regulatory frameworks of accounting to the preparation of financial statements of single and group entities. This podcast looks at the format and structure of the exam, and the aspects of the syllabus that may be examined.
11/22/201812 minutes, 39 seconds
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PER: Training a colleague

This series provides some helpful tips on how to complete the ACCA practical experience requirement. Training others on an area of work could help you towards achieving performance objective 5, Leadership and Management. In this podcast we look at the best ways to train a colleague.
4/1/20183 minutes, 25 seconds
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PER: Better collaboration

This series provides some helpful tips on how to complete the ACCA practical experience requirement. Demonstrating collaboration and teamworking skills could help you towards achieving performance objective 5, Leadership and Management. In this podcast we look at the best ways of working effectively with colleagues and explore the potential pitfalls to be aware of.
4/1/20183 minutes, 9 seconds
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PER: Networking at conferences

This series provides some helpful tips on how to complete the ACCA practical experience requirement. Displaying effective networking skills could help you towards achieving performance objective 2, Stakeholder Relationship Management. In this podcast we look at the dos and don'ts of networking at conferences, and how you can make the most out of attending an event.
4/1/20183 minutes, 15 seconds
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F7: Analysing a statement of cash flows

A key part of the Financial Reporting exam is the ability to analyse a set of financial statements. The statement of cash flows is one of the primary financial statements, and Financial Reporting candidates must be able to explain the performance of an entity based on all of the financial statements including the cash flows given. This podcast explores how candidates can understand the different sections of the statement and analyse the implications for the business.
4/1/20187 minutes, 16 seconds
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P1: Organising transactions

Transaction costs occur whenever a good or service is transferred from a provider to a user. This podcast looks at transaction cost theory and how it can be used to maximise shareholder profit within organisations.
4/1/20187 minutes, 58 seconds
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P6 (MYS): Aspects of tax administration in Malaysia - Part 2

This two-part podcast is relevant to candidates preparing for the P6 (MYS), Advanced Taxation exam, and is based on the prevailing laws as at 31 March 2017. It collates and discusses the provisions in the Income Tax Act 1967 and the Real Property Gains Tax Act 1976 relating to tax administration. Part 2 deals with powers of the director general, liabilities of a director, responsibilities as a payer/acquirer, statutory time bar, advance/private rulings, and tax audits and investigations.
12/17/201715 minutes, 26 seconds
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P6 (MYS): Aspects of tax administration in Malaysia - Part 1

This two-part podcast is relevant to candidates preparing for the P6 (MYS), Advanced Taxation exam, and is based on the prevailing laws as at 31 March 2017. It collates and discusses the provisions in the Income Tax Act 1967 and the Real Property Gains Tax Act 1976 relating to tax administration. Part 1 deals with responsibilities as a taxpayer, responsibilities as an employer, and rights of a taxpayer.
12/17/201720 minutes, 18 seconds
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F4: Business rescue proceedings in South Africa

The idea behind business rescue proceedings is to restore a company to a profitable entity or, if that is not possible, to secure a better return for the creditors, and to avoid liquidation. This podcast considers the meaning of business rescue and provides some recent interesting cases on business rescue proceedings.
12/7/201736 minutes, 2 seconds
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P7: Evaluation of misstatements

The completion stage of the audit is when the auditor reviews the work performed and considers the implications for the auditor’s report. A crucial part of this review is the evaluation of misstatements found during the audit. This podcast discusses the requirements of ISA 450, Evaluation of Misstatements Identified during the Audit, and provides some examples of the application of the ISA in the context of the Advanced Audit and Assurance exam.
12/7/201710 minutes, 31 seconds
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P2: Measurement

In order to meet the objective of financial reporting, information provided by a particular measurement basis must be useful to users of financial statements. A measurement basis achieves this if the information is relevant and faithfully represents what it essentially is supposed to represent. In addition, the measurement basis needs to provide information that is comparable, verifiable, timely and understandable.
12/7/20176 minutes, 56 seconds
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The Race for Relevance

Clive Webb, Senior Professional Insights Manager, ACCA, gives an overview of ACCA’s latest report examining the opportunities technology presents finance. "The Race for Relevance" identifies the key steps required for an implementation programme and throws a spotlight on six key technologies: cloud, cyber, social media, analytics, robotic process automation (RPA) and artificial intelligence (AI).
12/7/20176 minutes, 6 seconds
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Stepping up from F6 (UK) to P6 (UK)

The aim of P6 (UK) is to ensure that candidates can provide individuals and businesses with the information and advice they require regarding the impact that the major UK taxes may have on their financial decisions and situations. P6 (UK) is directly underpinned by F6 (UK). Knowledge and understanding of the technical content of F6 (UK) is, therefore, vital if candidates are to be successful at P6 (UK).
10/16/201712 minutes, 16 seconds
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Improving your performance in P6 (UK) Part 5 - The importance of question practice

This podcast is relevant for all candidates preparing to sit the P6 (UK) exam. It is one of a series of five short podcasts on exam technique. The more questions you practise, the more confident you will be that you have an approach that works for you and the better you will perform in the exam. You will also become more familiar with the way in which information is presented in exam-standard questions and the sort of tasks you will be expected to perform.
10/16/20173 minutes, 59 seconds
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Improving your performance in P6 (UK) Part 4 - Time management

This podcast is relevant for all candidates preparing to sit the P6 (UK) exam. It is one of a series of five short podcasts on exam technique. Time is your most precious resource in the exam. There is enough of it provided you use it efficiently and do not waste it.
10/16/20173 minutes, 12 seconds
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Improving your performance in P6 (UK) Part 3 - The importance of thinking

This podcast is relevant for all candidates preparing to sit the P6 (UK) exam. It is one of a series of five short podcasts on exam technique. When marking the P6 (UK) exam, it is quite clear that many candidates would benefit from spending more time thinking and less time writing.
10/16/20174 minutes, 59 seconds
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Improving your performance in P6 (UK) Part 2 - Satisfying the requirements of a question

This podcast is relevant for all candidates preparing to sit the P6 (UK) exam. It is one of a series of five short podcasts on exam technique. Marks are awarded in the exam for satisfying the requirements and not for other information. Accordingly, it is vital to identify the particular requirements and then address them in the correct amount of time.
10/16/20176 minutes, 6 seconds
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Improving your performance in P6 (UK) Part 1 - Reading exam questions

This podcast is relevant for all candidates preparing to sit the P6 (UK) exam. It is one of a series of five short podcasts on exam technique. Reading an exam question is a skill that you should work at and try to improve. This will help you to identify the relevance of the facts of the scenario, and enable you to take advantage of the guidance and help provided in the question.
7/26/20176 minutes, 7 seconds
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P5: Complex business structures

Businesses increasingly rely on relationships with external partners to perform critical business processes. Relationships such as outsourcing and collaboration allow business processes to be performed better or more cost effectively. This podcast explores some of the complex relationships that have developed, such as virtual organisations, hollow organisation and network organisations.
7/26/201710 minutes, 26 seconds
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P6: How to answer Section A questions in P6 - Part 3

The two questions in Section A of the P6 (UK) exam are important because they represent 60% of the marks in the exam. So far in this three part series we have considered the importance of time management and the requirement, and we have looked at a suggested approach to take when answering Section A questions. In this podcast we look at some particular approaches to calculations that may be useful when answering Section A questions, and the importance of question practice.
7/26/20176 minutes, 54 seconds
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P6: How to answer Section A questions in P6 - Part 2

The two questions in Section A of the P6 (UK) exam are important because they represent 60% of the marks in the exam. In order to be successful in the exam it is important to have a structured approach to these questions and to have practised as many of them as possible. In the first of this three part series, we explored time management and the requirement. In this episode we look at a past exam question and a suggested approach to take when answering Section A questions.
7/26/20176 minutes, 9 seconds
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P6: How to answer Section A questions in P6 - Part 1

The two questions in Section A of the P6 (UK) exam are important because they represent 60% of the marks in the exam. These questions usually contain quite a lot of information and tend to involve a number of requirements and a combination of taxes. In order to be successful in the exam it is important to have a structured approach to these questions and to have practised as many of them as possible. In the first of this three part series, we look at time management and the requirement.
7/26/20176 minutes, 7 seconds
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P2: Corporate reporting: The integrated report framework

An integrated report sets out an organisation’s strategy, governance, performance and prospects, which lead to the creation of value. In 2013, the International Integrated Reporting Council (IIRC) released a framework for integrated reporting. The framework establishes principles and concepts that govern the overall content of an integrated report.
5/23/201710 minutes, 38 seconds
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P1: CSR strategy and strategic CSR

This podcast explores a number of themes within the field of corporate social responsibility (CSR). It begins by defining what is meant by CSR and strategic CSR, and then addresses the ethical question of whether CSR should be strategic.
5/23/201713 minutes, 2 seconds
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P1: Corporate governance - from the inside out

This podcast explains that effective corporate governance has both internal and external drivers. It briefly introduces agency theory and the agency problem, then compares ‘rules’ versus ‘principles’ based codes and the implementation of governance within organisations. The important links between corporate governance and corporate culture and values are also highlighted.
5/23/201720 minutes, 45 seconds
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Better learning and recall

In this podcast we present three of the most powerful, scientifically-proven approaches you can use to make the most of your studying and give yourself the best chances of exam success.
2/20/20175 minutes, 12 seconds
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What is the examiner asking?

When answering an exam question, it is important to consider the question requirements carefully to make sure you understand exactly what is being asked.In this podcast we look at the common question verbs used in exams. First we take each question requirement and then look at its actual meaning.
2/20/20176 minutes, 1 second
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The top five traits employers want

This podcast covers the five most important traits employers require from their ACCA trainees.
2/13/20173 minutes, 50 seconds
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P2: The definition and disclosure of capital

This podcast is useful to those candidates studying for P2, Corporate Reporting. It is structured in two parts: first, it considers what might be included as the capital of a company and, second, why this distinction is important for the analysis of financial information.
2/13/201711 minutes, 4 seconds
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How to turn an internship into a job offer

An internship is not a ticket to a job, but play your cards right and you could be offered a graduate position at the end of it. In this podcast we explore ways to make the most of the opportunity.
2/13/20177 minutes, 57 seconds
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Nifty networking

The ability to network successfully and maintain the working relationships you create is vital. Here is some advice on networking both online and face to face.
12/19/20164 minutes, 40 seconds
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Requesting a payrise

Asking for more money is one of those work conversations many of us dread, but it needn’t be the case if you prepare. In this podcast we look at ways of tackling the payrise conversation.
12/15/20162 minutes, 59 seconds
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Building contacts

In this podcast we take a look at the importance of contacts and the best ways to make and maintain them.
12/15/20164 minutes, 45 seconds
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Handling workplace criticism

Learning how to respond to criticism can help you turn a negative situation into a positive one.
12/15/20162 minutes, 48 seconds
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The key to great leadership

In this episode we consult industry professionals to find out why developing leadership skills as early as possible in your career is so important, whatever your future aspirations.
12/15/20165 minutes, 29 seconds
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Study on the hop

How much time is really needed to learn a few facts or memorise key data? This podcast looks at ways to make use of short study periods.
10/18/20162 minutes, 38 seconds
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Overcoming exam anxiety

To what extent do you perform at your best under pressure? This podcast explores psychological techniques that can help manage anxiety and boost test results.
10/18/20165 minutes, 26 seconds
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Page power: The possibilities of speed reading

For students who are keen to get more out of their revision time, the concept of multiplying their reading speeds is highly attractive. This podcast takes a look at some of the contemporary approaches to speed reading.
10/18/20169 minutes, 8 seconds
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Effective revision technique

Preparing to take your next exams? We provide some essential guidance to help you plan for success.
10/18/20167 minutes, 45 seconds
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F4: Promoters

This podcast is relevant to F4 (LSO). The Companies Act (CA) 2011 defines a ‘promoter’ to mean any person who applies for incorporation of a company. This podcast considers the definition of a promoter, preliminary contracts made by promoters and the duties and liabilities of a promoter.
6/26/201612 minutes, 58 seconds
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P6: Miscellaneous receipts

This podcast is relevant to candidates preparing for P6 (MYS) and the laws referred to are those in force at 31 March 2016. It discusses only the provisions in the Income Tax Act 1967 (the Act). While listening to this podcast, candidates are encouraged to make concurrent references to the relevant provisions of the Act, as amended.
6/26/201617 minutes, 19 seconds
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P7: Auditing disclosures in financial statements

In recent years, the International Auditing and Assurance Standards Board (IAASB) has considered the issue of auditing disclosures in financial statements, prompted by a number of factors including developments in IFRS requirements and the increased level of complexity and subjectivity involved in the preparation of information to be disclosed in financial statements. This podcasts examines this issue, and reminds candidates to review the examinable documents list for guidance.
6/26/201611 minutes, 28 seconds
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F9: Examiner approach

The aim of F9, Financial Management, is to develop the knowledge and skills expected of a finance manager – in relation to investment, financing, and dividend decisions. This podcast explains the approach to examining F9 and clarifies any uncertainty regarding the content of the syllabus.
6/26/201610 minutes, 1 second
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F4: The South African Social and Ethics Committee

This podcast briefly deals with the new social and ethics committee (SEC) applicable to certain companies in terms of the South African Companies Act (CA), 2008. This is especially important in the context of Syllabus Area F (1) – Management, administration and regulation of companies and close corporations (company directors).
6/26/201610 minutes, 12 seconds
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Making yourself indispensable

It is always important to be seen as essential to your company as good workers are always in demand. In this podcast we explore the ways in which you can help to make yourself and indispensable member of your team.
6/2/20163 minutes, 38 seconds
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Linked in: Gaining extra value

LinkedIn is without question one the most important social media networks for professionals. In this podcast we uncover some tips for extracting additional value from LinkedIn to make sure you stand out in a crowded social media network.
6/2/20163 minutes, 56 seconds
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Transferable skills: Interpersonal skills

You can increase your employability by showing off your people skills. Employers are far more likely to recruit candidates with better interpersonal skills. This is because these skills are a must in increasingly collaborative workplaces.
6/1/20162 minutes, 27 seconds
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Transferable skills: Communication

When you have little or no work experience, good communication skills learnt in the classroom can really help you land your first job. In this podcast we explore the different types of communication that are vital to the career of a professional accountant.
6/1/20162 minutes, 38 seconds
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Transferable skills: Research and analysis

As an accountant, you will be required to make best-practice recommendations to the management and clients on how to reduce costs and risks, enhance revenues and improve profits. To do this, first you will need to research and make sense of complex business and financial information.
6/1/20162 minutes, 11 seconds
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The power of influence

In your professional life, good technical skills will be taken for granted. If you want to make a real difference to your career, you need to acquire the soft skills involved in influencing others.
5/9/20165 minutes, 50 seconds
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P7: IAASB developments

When studying P7, Advanced Audit and Assurance, candidates should remember that current issues is part of the syllabus. One of the particular topics of current issues specifically mentioned in the syllabus is that of IFAC developments. In the context of auditing, this means that candidates should be aware of important projects that are being undertaken by the IAASB. This podcast aims to provide an overview of the more significant currently active IAASB projects.
5/9/201611 minutes, 7 seconds
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Examiner's approach to F5

The aim of F5, Performance Management, is to develop knowledge and particularly skills in the application of management accounting techniques to quantitative and qualitative information for planning, decision making, performance evaluation, and control. This podcast explores the relationship between F2, F5 and P5, the syllabus structure and format of the exam and how best to prepare for it.
3/21/201616 minutes, 17 seconds
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Examiner's approach to P5

This podcast provides an outline of the aim of P5, its structure and how the syllabus is tested. It begins by considering the syllabus and overall aims of the exam, how it relates to previous exams and the format of the exam. It concludes with advice about how best to approach the exam.
3/21/201617 minutes, 28 seconds
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Professional skills: Effective communication

There are a number of forms of communication essential in a successful career. In this podcast we bring you tips on mastering internal, external, oral and written forms.
2/21/20167 minutes, 13 seconds
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Professional skills: How to improve your team-player skills

Teamwork is prerequisite to the success of any organisation, and to the success of the individuals who work there. It’s vital you keep developing the skills that enable you to collaborate well with colleagues and clients. In this podcast we enlist the help of executive coach Heather Townsend, LSBF's Alex Caroll and Monkey Puzzle training's John McLachlan to explore what makes a good team-player.
2/21/20166 minutes, 48 seconds
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Professional skills: The importance of work experience

This podcast looks at just how crucial work experience is to your career progression chances.
2/11/20165 minutes, 1 second
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Studying for ACCA exams: Biorhythms and time management

This podcast looks at the best ways to prepare for ACCA exams, focusing on the importance of time management and good motivation. Paying attention to your own biorhythms can also help you study at the most effective time for your body.
2/11/20164 minutes, 44 seconds
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Professional skills: The case for collaboration

This podcast looks at the soft skill of the future: collaboration. Modern accountants must develop collaboration skills that go beyond traditional teamwork capabilities.
1/6/20167 minutes, 52 seconds
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Professional skills: Your platform to success

In this podcast we provide advice and a little inspiration to help you on your journey towards achieving ACCA membership and realising your career goals.
1/6/20165 minutes, 8 seconds
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Professional skills: What do employers look for?

There are a number of major traits employers look for when hiring trainees. In this podcast we take a look at some of the most common.
12/9/20156 minutes, 51 seconds
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Professional skills: How to develop a career plan

In this podcast we take a look at how to develop a career plan to help ensure your career stays on the right road.
12/9/20157 minutes
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P7: Performance information in the public sector

The syllabus and study guide for P7 Advanced Audit and Assurance includes a section entitled ‘The audit of performance information in the public sector’. This podcast is intended to provide insight into this area and explain some of the issues of which candidates should be aware when studying this aspect of the syllabus.
10/14/201512 minutes, 32 seconds
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F9: Management of foreign accounts receivable

Foreign accounts receivable present some additional challenges to a business that are not present with domestic-based customers. It is harder for a business to pursue any overdue amounts from a business in another country with a different legal system. This podcast considers the risks and explores the various options for reducing investment in foreign accounts receivable.
10/14/20157 minutes, 48 seconds
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F7: Revenue revisited

On 28 May 2014, the IASB issued IFRS 15, Revenue from Contracts with Customers. Application of the standard is mandatory for annual reporting periods starting from 1 January 2017 onward and earlier application is permitted. This podcast considers the application of IFRS 15 using the five-step model. IFRS 15 will be examinable in F7 from the September 2015 session.
10/14/201512 minutes, 46 seconds
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Paper F8: Laws and regulations

An important part of an external audit is the consideration by the auditor as to whether the client has complied with laws and regulations. Candidates preparing for F8, Audit and Assurance and P7, Advanced Audit and Assurance should have an understanding of how laws and regulations affect an audit. The auditing standard that is relevant to this podcast is ISA 250, Consideration of Laws and Regulations in an Audit of Financial Statements.
9/28/201515 minutes, 15 seconds
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Paper P2: Revenue revisited - Part 2

This is the second of a pair of podcasts looking at the key principles of IFRS 15, Revenue from Contracts with Customers. The five step revenue recognition model was explained in the first of this pair of podcasts. This podcast will explore the issues surrounding the definition and nature of a contract according to IFRS 15 in greater depth, as well as the scope of the standard and its interaction with other standards.
9/10/201510 minutes, 6 seconds
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Paper P2: Revenue revisited - Part 1

This is the first in a series of two podcasts considering the application of IFRS 15, Revenue from Contracts with Customers. The new standard was issued on 28 May 2014 as a result of a joint project between the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) and introduces a five step model for recognising revenue.
9/10/201515 minutes
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Paper P5: Lean enterprises and lean information systems

The term lean was first used to describe the Toyota Production system. It means far more than simply cutting costs, as the history of lean production shows. In this podcast we look at the history of lean in Toyota, and how it has inspired methodologies that have since been applied to other industries. Features of lean information systems are also explored, and an overview of the Five S Model is provided.
7/29/201520 minutes, 18 seconds
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Paper F9: Business finance for SMEs

In this podcast, we consider potential finance sources that an SME could use. There is a particular focus on the more modern sources of crowdfunding and supply chain financing that have been introduced to the F9 syllabus and are examinable from September 2015. Finally, we consider how, and why, governments often try to assist the SME sector.
7/29/201520 minutes, 22 seconds
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Paper P7: Professional scepticism

In recent years, regulatory bodies including the IAASB and the UK FRC have emphasised the importance of professional scepticism in an audit of financial statements. This podcast provides an overview of what is meant by professional scepticism and explains why it is such an essential part of the auditor's mindset.
5/29/201515 minutes, 8 seconds
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Paper P3: Integrated reporting

Integrated reporting has been developed and promoted by the IIRC and has been introduced to the syllabuses of many of the Professional level papers. This podcast looks at the definition, aims, guiding principles and contents of an integrated report and explores how the idea of integrated reporting is relevant to the Paper P3 syllabus.
5/29/201518 minutes, 36 seconds
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Paper P7: Audit quality

The issue of audit quality is a key consideration for auditors. This podcast explores how and why audit firms sometimes compromise on audit quality, and the impact of this on the profession. This issue is relevant to Paper P7.
5/29/20151 minute
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Paper P2: What differentiates profit or loss from other comprehensive income?

The purpose of the statement of profit or loss and other comprehensive income is to show an entity's financial performance in a way that is a useful to a wide range of users. This podcast explores the meaning of profit or loss and other comprehensive income and the relationship between them when presenting data in financial statements as required by IFRS.
5/1/201510 minutes, 55 seconds
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Paper P3: Job design

This podcast explores different theories of job design and looks at the contributions of four different approaches. It covers theories of motivation, post-industrial job design, human relations and ethical issues of job design. These are all topics relevant to sections H2 (a), (b) and (c) of the Paper P3 Study Guide.
5/1/201521 minutes, 41 seconds
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Paper F6: Examiner's approach to Paper F6(UK)

This podcast summarises the aims of Paper F6 and gives an overview on how the paper is structured, what marks are available for each question and which syllabus areas are most frequently examined.
5/1/20155 minutes, 31 seconds
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Paper P7: Massaging the figures

Earnings management occurs when companies deliberately manipulate their revenues and/or expenses in order to inflate or deflate figures relating to profits and earnings per share. There is an increased risk of earnings management or even fraudulent financial reporting in companies affected by the global economic downturn. Auditors therefore need to conduct risk assessment and audit procedures carefully and may need to approach all companies’ financial statements with an increased degree of scepticism.
3/9/20158 minutes, 24 seconds
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Paper P7: The importance of financial reporting standards to auditors

The significance of financial reporting standards in an audit of historical financial information cannot be over-emphasised. The Study Guide for Paper P7 contains a list of financial reporting matters which are examinable from the auditor’s point of view. Candidates can expect to be faced with at least one requirement, and most likely several requirements each sitting dealing with such matters. This podcast provides extra guidance in this area.
3/9/201515 minutes, 40 seconds
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Paper P7: Forensic auditing

This podcast explores some of the issues relevant to forensic investigations. ‘Forensic auditing’ covers a broad spectrum of activities, with terminology not strictly defined in regulatory guidance. The work normally involves an investigation into the financial affairs of an entity, particularly when there is alleged fraudulent activity. Forensic accountants could also be asked to look into non-fraud situations, such as the settling of monetary disputes in relation to a business closure or matrimonial disputes under insurance claims.
3/9/201512 minutes, 23 seconds
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Paper P4: Aspects of Islamic finance

Islamic finance has been a recent addition to the Paper P4 syllabus. This podcast provides an overview of the tenets of Islamic finance, and explores how it works in organisations, common Islamic financial products and Sharia boards. Questions on this area in the exam could focus on developments and understanding of Islamic finance as well as on the application of Islamic finance as an additional source of finance, and assessing its benefits and drawbacks, in different business scenarios and situations.
3/9/201520 minutes, 15 seconds
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Paper P5: Examiner's approach to Paper P5

This podcast begins by considering the syllabus and overall aims of the paper, how it relates to previous papers and the format of the exam. It then gives advice on the examiner's approach to the paper, using suitable example questions from recent exams to illustrate points.
3/9/201517 minutes, 26 seconds
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Paper P7: Staying on the right side of ethics

Ethics is a crucial and topical area for auditors and accountants and is constantly under scrutiny by both the industry and the press. For students, ethics feature as a key part of the entire ACCA professional syllabus and are examined in many ways in many papers. In Paper P7, Advanced Audit and Assurance, the ethical focus is on auditor behaviour and the rules and principles that auditors must abide by.
1/16/201515 minutes, 17 seconds
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Paper P7: Reporting on audited financial statements - significant changes proposed

In June 2012 an Invitation to Comment was published by the IAASB, asking for feedback on a range of proposed changes to the structure and content of the auditor’s report, aiming to enhance its usefulness for decision making. In July 2013 an Exposure Draft was issued which specifies the revisions planned to be made to a suite of International Standards on Auditing (ISAs), changes that will mark a substantial change in the way that auditors report their findings. This podcast provides a summary of the main issues featured in the Invitation to Comment.
1/16/201515 minutes, 15 seconds
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Paper P7: Continue to be rest assured

This podcast looks at the topic of assurance in the context of Paper P7, Advanced Audit and Assurance, describing a framework for the classification of assurance and non-assurance engagements, and giving guidance on the practical approach required when undertaking assurance assignments.
1/16/201552 minutes, 16 seconds
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Paper P5: Moving up from Paper F5 to Paper P5

Paper P5 is an advanced performance management paper. It looks at different types of performance management systems and considers whether or not they provide useful information to the management of an organisation. Much higher skills are required at Paper P5, and there is much greater application of your knowledge to life like scenarios. This podcast explores the knowledge and skills that must be carried over from Paper F5 and how they must be developed in order to succeed at Paper P5.
1/16/201513 minutes, 26 seconds
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Paper P4: The European debt crisis

This podcast takes an in-depth look at the causes and consequences of the European debt crisis. It explores the courses of action that have been taken so far and what might be done next, as well as the implications of these actions for businesses and individuals.
1/16/201520 minutes, 24 seconds
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Paper P7: Tackling Paper P7 questions on ethics

When ethics appears in an optional question in the Paper P7 exam, it is often a popular choice for candidates, but their answers often lack detail and are not well applied to the question scenario. This podcast aims to assist candidates in terms of knowledge and question technique when tackling a question on ethics.
12/10/201414 minutes, 36 seconds
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Paper P4: Stepping up from Paper F9 to Paper P4

Paper P4 is the advanced financial management paper at the Professional level. It follows on from Paper F9 at the Fundamentals level. Paper P4 expects candidates to have more depth of knowledge, better analytical skills, and to be able to exercise greater professional judgement than at Paper F9. This podcast explores the key knowledge that must be brought forward and developed from Paper F9, how to study Paper P4 and what to do in the exam.
12/10/201421 minutes, 50 seconds
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Paper P3: The learning organisation

A learning organisation is a sustainable enterprise. The risk of not being a learning organisation is stagnation or elimination. The learning of an organisation is determined by the learning of the individuals. Organisations need to continue to learn and retain that learning, their skills and abilities, to sustain their position in the dynamic marketplace.
12/10/201417 minutes, 59 seconds
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Paper F1/FAB: Mintzberg's theory on organisations

Part B of the syllabus for Paper F1/FAB, Accountant in Business is concerned with the study of business organisation structure, functions and governance. Mintzberg’s model breaks down the organisation into five generic components, considering the role of each in relation to coordinating its activities. This podcast explores Mintzberg's model in detail.
12/10/20147 minutes, 43 seconds
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Paper P5: Improving your Paper P5 answers - Part 2

This podcast addresses a specific question that caused considerable difficulty in the June 2014 exam in order to give a marker’s perspective on the breadth and depth of response that is required in a Paper P5 answer. Continuing on from Part 1, which looks at weak solutions to the question, Part 2 analyses two possible passing solutions. Before listening, it is essential to have read the scenario and requirement for Question 1 part (i) of the June 2014 Paper P5 exam - available at www.accaglobal.com
11/14/201420 minutes, 32 seconds
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Paper P5: Improving your Paper P5 answers - Part 1

This podcast addresses a specific question from the June 2014 exam in order to give a marker’s perspective on the breadth and depth of response that is required in a Paper P5 answer and to help candidates avoid making basic mistakes. Part 1 analyses some poor answers to the question. Before listening, it is essential to have read the scenario and requirement for Question 1 part (i) of the June 2014 Paper P5 exam - available at www.accaglobal.com
11/14/20141 hour, 5 minutes
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Paper F8 & P7: Using the work of internal auditors

This podcast focuses on the provision of direct assistance to external auditors by the internal auditors of an entity, which – to date – has been a very controversial issue. ISA 610, Using the Work of Internal Auditors, focuses on whether the external auditor can use the work of the internal audit function for purposes of audit, and the revised version of the standard, published in 2013, clarifies whether the internal auditors can be used to provide direct assistance to the external auditor. The material pertaining to direct assistance is effective for audits of financial statements for periods ended on or after 15 December 2014.
10/29/201420 minutes, 49 seconds
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Paper P5: Beyond budgeting

During recent years the business environment has become far more complex, dynamic, turbulent and uncertain. The weaknesses of traditional budgeting processes have been the subject of much attention. This podcast looks at the 'beyond budgeting' model and its potential application in both the private and the public sectors.
10/15/201416 minutes, 10 seconds
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Paper P5: Activity-based management

Activity-based management (ABM) can be defined as the entire set of actions that can be taken on a better informed basis using information derived from activity-based costing (ABC.) The aim is to achieve the same level of output with lower costs. This podcast describes the stages of activity-based management, looks at operational and strategic ABM and explores the use of ABM in conjunction with other performance improvement strategies.
10/15/201420 minutes, 15 seconds
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Paper P5: Management control - a pre-requisite for survival

Recent years have witnessed major changes in business structure. Business units are larger and more complex, often spread over several territories. Therefore it is of paramount importance that organisations have effective control mechanisms that will enable management to ensure the survival of the organisation. This podcast explores the contingency theory of management accounting in response to the changing circumstances of the business world.
10/15/201412 minutes, 59 seconds
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Paper F8: The audit of wages

Relevant to Paper FAU and ACCA Qualification Paper F8 (INT) and (UK), this podcast focuses on the audit of wages, although many of the points made also apply to salaries (the term payroll covers both). Areas covered include common types of payroll fraud, the typical stages in a wages system and the different ways of testing the internal control system.
10/15/201418 minutes, 41 seconds
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Paper P3: E-commerce

This podcast takes a look at business-to-business and business-to-consumer e-commerce and its benefits for business, as well as the social and employment costs involved.
8/10/201418 minutes, 33 seconds
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Paper P3: Project management

If you are aware that danger accompanies an undertaking, then it makes sense to understand the nature of the undertaking and how the danger can be managed. This podcast explores the key phases and features of project management, including rational strategic planning, the project lifecycle, the project initiation document, the project manager and the different kinds of risk that need to be considered.
8/10/201425 minutes, 11 seconds
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Paper F4: Restraint of trade in Singapore

The law in Singapore concerning restraint of trade is governed by case law rather than legislation. Restraint of trade clauses are commonly found in different kinds of contracts – for example, employment contracts and sale of business contracts. The focus of this podcast is on restraint of trade clauses in employment contracts.
8/6/201413 minutes, 21 seconds
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Paper F4 (LSO): Formation of companies under the new Companies Act 2011

The law relating to companies in Lesotho used to be very similar to the old English Companies Act 1948. However, this is no longer so, and Lesotho now has a new Companies Act (CA) 2011. Relevant to Paper F4 (LSO) this podcast discusses how the companies are incorporated under the CA 2011.
8/6/201437 minutes, 10 seconds
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Paper F9 and P4: Myopic management

For many years, managers of large businesses have been accused of focusing on short-term rather than long-term performance. This podcast explores the causes of management short termism and the remedies available.
8/4/201420 minutes, 10 seconds
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Paper F8: The control environment of a company

The purpose of this podcast is to provide candidates with a more detailed appreciation of matters pertinent to an auditor, focusing on the need for the auditor of a large limited liability company (in the UK – a limited company) to evaluate the effectiveness of the company’s control environment.
7/30/201420 minutes, 24 seconds
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Paper F4 (ZAF): Business rescue proceedings

The business rescue provisions are some of the most important new provisions brought about by South Africa’s Companies Act (CA) 2008 applying to companies and close corporations.This podcast provides a brief overview of the meaning of business rescue, the legal consequences of business rescue proceedings and the role of the business rescue practitioner.
7/30/201415 minutes, 54 seconds
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Paper F1: Organisations

The syllabus for Paper F1, Accountant in Business includes the theory of organisations and related topics. Candidates must be familiar with the different organisational structures that can be adopted, as well as related concepts such as departmentalisation, divisionalisation, centralisation and decentralisation, span of control, scalar chain and tall and flat organisations. In addition to these topics, candidates should also study some of the more contemporary organisational models. These include ‘boundaryless’ organisations and shared services organisations, both of which are examinable for the first time in 2014. This podcast provides an overview of some of these concepts.
7/10/201422 minutes, 47 seconds
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Paper P7: Forensic accounting

With at least one requirement relating to forensic accounting in three out of five Paper P7 exams between December 2011 and December 2013, this is an area of the syllabus that students cannot afford to overlook. This podcast explores some of the issues relevant to forensic accounting.
7/10/201416 minutes, 14 seconds
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Paper P3: The seven deadly sins of strategy implementation

CEOs and senior managers are increasingly judged on the success of their companies’ business strategies. Yet, despite the existence of complex strategy formulation processes in many organisations, many corporate strategies fail to actually get implemented. This podcast explores the main pitfalls of successful strategy implementation.
6/6/20148 minutes, 34 seconds
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Paper P5: Performance measures to support competitive advantage

The emergence in the 1990s of low-cost airlines and the expansion of the European travel market has shown how competition can significantly affect the structure of an industry. This podcast examines how the balanced scorecard might be used to maintain the low-cost carriers' competitive edge.
6/6/201414 minutes, 41 seconds
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Paper P3: Knowledge management

Talent and knowledge are an organisation’s capabilities and abilities. The management of knowledge requires focus if it is to be the basis of market success or failure. This podcast explores ways of enhancing and supporting the concept of knowledge management as a strategic contributor to an organisation.
6/6/201415 minutes, 23 seconds
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Paper P7: Accounting issues

TAP into Paper P7: a very common theme in Paper P7 questions is to present you with information that embodies an accounting issue. Sometimes the information is presented as a standalone requirement but is often, for instance, included in a set of notes of a conversation with an audit client’s finance director. This podcast explores some topical examples.
5/23/201417 minutes, 13 seconds
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Paper P7: Auditor liability

The issue of auditor’s liability is included in the syllabus for Paper P7, Advanced Audit and Assurance. Candidates need to understand and apply the principles of establishing liability in a particular situation, as well as being able to discuss the ways in which liability may be limited. This podcast considers the current legal position of auditors in the UK. It also discusses the impact on the competitiveness of the audit market and some of the methods available to limit exposure to expensive litigation.
5/23/201417 minutes, 10 seconds
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Paper P7: IAASB developments

It is important that when studying Paper P7, Advanced Audit and Assurance, candidates remember that current issues is part of the syllabus. One of the particular topics of current issues specifically mentioned in the syllabus is that of IFAC developments. In the context of auditing, this means that candidates should be aware of important projects that are being undertaken by the IAASB. This podcast aims to provide an overview of the more significant currently active IAASB projects.
5/23/201412 minutes, 22 seconds
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Paper F5: Comparing budgeting techniques

This podcast critically evaluates the two main methods for preparing budgets - the incremental approach and the zero-based approach.
5/8/201419 minutes, 39 seconds
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Paper P3: Strategy and people

This podcast discusses the challenges of people when considering business strategy. Areas covered include strategic human resource management, recruitment, job design, transactional and transformational leaders and business process re-engineering.
5/8/201422 minutes, 30 seconds
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Paper F5: Environmental management accounting

Since June 2011 environmental management accounting has been included on the Paper F5 syllabus. This podcast gives a general introduction to the area of environmental management accounting, the issues that businesses face and the different methods they can use to account for their environmental costs.
5/8/201421 minutes, 22 seconds
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Paper P1: Public sector governance part 2

The second part of this two-part series continues its discussion of the new topics introduced under section A9 of the Paper P1 Study Guide, relevant from the December 2014 exam session. This episode compares different types of public sector organisation and contrasts their governance arrangements and strategic objectives with those of private sector organisations. It also looks at the issues related to political influence in the public sector.
5/8/201416 minutes, 43 seconds
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Paper P1: Public sector governance part 1

There is a new section of the Paper P1 Study Guide for exams from December 2014 onwards. It is on public sector governance and is included as a new addition under section A9. The purpose of this podcast is to introduce these topics and give some pointers as to what the important themes are in terms of teaching and learning.
5/8/201416 minutes, 17 seconds
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Paper F1: Let's get motivated

This podcast looks at ways in which staff motivation can be improved and also shows how some of the management theories that you may have come across can be applied to a workplace situation, including Maslow's hierarchy of needs and Herzberg's two-factor theory.
3/20/20144 minutes, 17 seconds
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Paper F1: Equal opportunities

Equal opportunities is a universally used and understood term which describes the idea that everyone in an organisation should have an equal chance to apply and be selected for posts, to be trained or promoted and to have employment terminated fairly. This podcast outlines the approaches to management of equal opportunities and diversity.
3/20/20147 minutes, 7 seconds
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Paper F1: Understanding Herzberg's theory of motivation

Understanding what motivates people in all walks of life is basic to all who aspire to management. One of the best known of all the writers on motivation is Herzberg. This podcast explores Herzberg's theory of motivation and how managers' understanding of it can improve the performance of their workforce.
3/20/20144 minutes, 49 seconds
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Paper F1: The importance of teams

This podcast explores various theories around teams, including stages of team development, and typical team roles.
3/20/20145 minutes, 19 seconds
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Paper P5: Benchmarking and use of targets in public sector organisations

Many governments around the world have undertaken reforms aimed at making public sector organisations more accountable. One of the key features of these reform programmes has been the increasing use of performance measures like benchmarking, where one organisation compares its performance in a specific area with another - the benchmark - to identify areas for improvement.
3/14/201421 minutes, 46 seconds
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Paper F1: Theories of leadership style

This podcast looks at various different approaches to leadership and some of the theories behind them.
3/11/20145 minutes, 29 seconds
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Paper F1: Understanding the importance of appraisals

This podcast explores the three main purposes of appraisals, which are often misunderstood, and looks at the different approaches to appraisals and the ways in which they may be regarded by staff.
3/11/20145 minutes, 21 seconds
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Paper F1: Not-for-profit organisations part 2

The second of two podcasts about not-for-profit organisations takes a deeper look into charities, which are one of the more important types of not-for-profit organisations.
3/11/20148 minutes, 6 seconds
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Paper F1: Not-for-profit organisations part 1

Several papers in the ACCA Qualification may feature questions on not-for‑profit organisations. This is the first in a two-part podcast about not-for-profit organisations, and podcast describes the generic characteristics of not-for-profit organisations.
3/11/20148 minutes, 39 seconds
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Paper F1: Communicating core values and mission

This podcast focuses on the syllabus area relating to an organisation’s core values and mission to the public, shareholders and employees. This is an objective which can easily get overlooked in the rush to master environmental analyses, strategic choice and outsourcing decisions.
2/14/201424 minutes, 38 seconds
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Paper F1: A question of ethics

This podcast gives an overview of professional ethics, and provides a platform for further study. Ethics is a vitally important aspect of the work of the accountant - and a relatively new addition to the Paper F1/FAB syllabus as of December 2011.
2/14/201421 minutes, 30 seconds
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Paper F1: Introduction to Microeconomics

Microeconomics is the branch of economics that considers the behaviour of decision takers within the economy, such as individuals, households and firms. This podcast provides a broad overview of the subject and is intended to introduce key topics to those who have not studied microeconomics, and to offer a revision to those who have done so.
2/14/201418 minutes, 46 seconds
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Paper F1: Corporate governance - the board of directors and standing committees

This podcast introduces corporate governance and some of the basic concepts that underpin it, and explains the roles of the board of directors, the different types of company director and standing committees. The episode ends with some sample questions that allow you to test your knowledge.
1/21/201424 minutes, 30 seconds
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Paper F1: The role of marketing

Paper F1/FAB candidates need to have an understanding of the functions of all the main departments in a business organisation. This podcast focuses on and defines the role of marketing, the marketing mix, and the relationship between the marketing plan and the strategic plan.
1/21/201417 minutes, 8 seconds
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Paper P5: Reward schemes for employees and management

A major part of performance management involves managing employees and managers, as their performance will have a major effect on the performance of the organisation as a whole. This podcast looks at how reward schemes can be used to influence the behaviour of employees, and includes an in-depth look at several different types of performance-related pay schemes.
1/10/201431 minutes, 9 seconds
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Paper P5: Human resource management and the appraisal system

This podcast looks at the nature of human resource management, and at the link between human resource management and performance management. It then examines aspects of the staff appraisal system, and considers the impact of these on the performance of an organisation.
1/10/201419 minutes, 16 seconds
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Paper P1: All about stakeholders - part 2

The second of a two-part episode focuses on stakeholders and stakeholding by looking at a number of different stakeholder groups. The issue of stakeholders lies at the heart of most discussions of ethics and accordingly, is very important for ACCA Qualification Paper P1. Being able to identify the stakeholders mentioned in a case scenario, and describing their individual claims upon an organisation, is an important skill for Paper P1 candidates to develop.
1/9/201412 minutes, 37 seconds
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Paper P1: All about stakeholders - part 1

This is the first of a two-part episode introducing the idea of stakeholders and stakeholding. It begins by defining the relevant terms, looks at the nature of stakeholder claims, explores the Mendelow framework relating to influence, and finally covers the different ways in which stakeholders are categorised.
1/9/201414 minutes, 54 seconds
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Paper P1: Ethical decision-making

This podcast takes a look at two of the main decision-making frameworks, as featured in Study Guide Section E1 (d) – namely the American Accounting Association (AAA) model, and Tucker’s 5-question model. The frameworks are examined and then applied to case scenarios.
1/9/201414 minutes, 6 seconds
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Paper P1: COSO Enterprise Risk Management Framework

This podcast examines the guidance published by the Committee of Sponsoring Organisations (COSO.) Relevant to ACCA Qualification Paper P1: Governance, risk & ethics.
12/10/201314 minutes, 38 seconds
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Paper P1: Independence as a concept in corporate governance

This podcast explores the theory of independence, and discusses why it’s vital in many contexts relating to corporate governance and professional behaviour. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
12/10/201310 minutes, 31 seconds
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Paper P1: Corporate governance codes - rules, principles and Sarbanes-Oxley

This podcast introduces some of the main themes in relation to the control of corporate governance and discusses how this control differs by country. In particular, the aim is to clarify the features and characteristics of rules-based and principles-based approaches to corporate governance, how each type of system is regulated, and to examine some of the associated benefits and drawbacks. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201312 minutes, 38 seconds
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Paper P1: Corporate governance - external and internal actors

Not all elements of a company's corporate governance system are part of the internal structure. External actors can have a role to play in governance too. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201315 minutes, 56 seconds
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Paper P1: Strategic and operational risks

Risks are bound up with all aspects of business life, from deciding to launch a major new product to leaving petty cash in an unlocked box. The Paper P1 syllabus highlights risk management as an essential element of business governance. The examiner has emphasised that being aware of all possible risks, and understanding their potential impact – as well as the probability of their occurrence – are important safeguards for investors and other stakeholders. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201313 minutes, 54 seconds
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Paper P1: Risk and environmental auditing

This podcast looks at two specific items in the Paper P1 Study Guide: Section D1c, which is about describing and assessing the role of internal or external risk auditing; and Section E7d, concerning the nature of a social and environmental audit and the contribution it can make to the development of environmental accounting. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201318 minutes, 3 seconds
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Paper P1: 'Non-corporate' corporate governance

This podcast considers two broad types of non-corporate organisation: public sector organisations and charitable/voluntary organisations. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201310 minutes, 28 seconds
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Paper P1: Environmental accounting and reporting

From 2013, environmental reporting will become part of the Paper P1 syllabus and, therefore, an examinable topic due to its relevance to many discussions around accountability, transparency and sustainability - key themes of the paper. This podcast outlines what environmental reporting is, where it can occur and its advantages and purposes. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201313 minutes, 54 seconds
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Paper P1: Internal audit - the control of controls

Internal audit - the control of controls - can feature as a key part of the corporate governance framework of an organisation, and can be viewed as a high level control in response to risk or by considering the detailed work required of internal audit. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201314 minutes, 2 seconds
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Paper P1: Diversifying the board - a step towards better governance

In the Paper P1 Study Guide, section A3i requires students to (i) explain the meaning of ‘diversity’ and (ii) critically evaluate issues of diversity on the board of directors. This podcast elaborates on this topic by introducing the concept of board diversity and how it may benefit the organisation, followed by a discussion on the possible costs of board diversity. It concludes with a comment on the current regulatory initiatives of board diversity. Relevant to ACCA Qualification Paper P1 Governance, Risk and Ethics.
11/19/201315 minutes, 48 seconds