Professional Documents
Culture Documents
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
STUDENT ACCOUNTANT
UK
Great Britains Ed McKeever celebrates gold in the mens Kayak Single (K1) 200m final during the London 2012 Olympic Games Canoe Sprint competition at the Eton Dorney rowing centre. Ed is an ACCA student and is planning to take two Professional level papers this December
<< Back to page
UK
Liz Johnson will be competing in this summers Paralympic Games as the defending 100m breaststroke champion. Liz will be re-commencing her ACCA studies soon
<< Back to page
UK
After spending 9bn to host the 2012 Olympic Games, the UK hopes to recoup 2bn in extra tourism and 10bn over four years in more inward investment
<< Back to page
CHINA
Jubilant Yi Siling of China holds her medal and bouquet aloft after winning the first gold of the London 2012 Olympic Games with victory in the womens 10m air rifle event
<< Back to page
INDIA
An Indian vegetable vendor waits for customers during a massive power failure at a local market in Calcutta. Hundreds of millions of Indians were left without electricity in more than half of the country on 31 July
<< Back to page
US
Food prices are expected to rise in the US, where the midwestern corn belt states are suffering their worst drought for half a century. Sunflowers, one of the most drought-resistant crops around, are still holding on in most areas
<< Back to page
CHINA
Beijings heaviest downpours in six decades left at least 77 dead and brought chaos to transport systems and power supplies. Major roads were flooded and more than 500 flights cancelled. Some 65,000 people were also evacuated
<< Back to page
GHANA
John Atta Mills, president of Ghana since 2009 and a champion of democracy, is pictured shortly before he died in July at the age of 68
<< Back to page
CHINA
Hong Kongs new chief executive Leung Chun-ying delivers a speech after being sworn in at a ceremony overseen by Chinese president Hu Jintao. The police officers son replaces Donald Tsang as the third chief executive
<< Back to page
ROMANIA
The suspended Romanian president Traian Basescu gives a speech in Bucharest regarding democracy, while politicians are busy trying to impeach him. Opponents of Basescu say he is corrupt and must be removed
<< Back to page
ROBERT ASHTON, CHIEF EXECUTIVE OF BUSINESS WRITING CONSULTANCY EMPHASIS, GIVES A BREAKDOWN OF THE ERRORS:
First sentence: Noticable noticeable. Second sentence: There should be a comma before which. Embarassment embarrassment Third sentence: The responsibility should lie solely with her, not lay. Lay is a transitive verb, so it must be followed by an object for example: She lays the table. The question mark is unnecessary as it is not a direct question. Final sentence: There should be a comma before even if and one after problem is to denote that this clause is extra to the main idea. The first part says management does agree (singular), whereas the second part says they also have a concern (plural). Management is singular, avoid mixing singular and plural. Seperate separate Add another dash after and justified to show that this is an aside. Never use a hyphen after adverbs ending in -ly << Back to page
PO 8:
Describe an occasion when you have identified an opportunity to improve departmental performance (for instance, suggesting and planning a visit to colleagues in a spending department, such as marketing, to explain relevant procedures and encourage better use of, say, purchase orders, through explaining the benefits to the company of proper records). How did you contribute to developing the opportunity for development? (This could be as simple as setting up a weekly half-hour refresher course on different topics, with each weeks session run by a volunteer in the team, on a task at which theyre regarded as being particularly adept; or as complex as helping your FD to bring outdated departmental appraisal forms and performance review procedures into line with current best practice.) Was this opportunity fully successful, why was this? If not, why not? (So, for the refresher courses, you might illustrate how peoples skills were enhanced as a result of your initiative the technical skills of colleagues who attended the sessions and the presentation/training skills of those who volunteered to run them; for the performance appraisal, youd seek general feedback from your FD on how the new system is or isnt helping staff to see and pursue a more structured, transparent career path.)
developing and implementing accounting and business processes, or suggesting improvements to existing processes monitoring business performance and setting performance measures proactively advising managers on becoming more cost effective helping individuals improve their individual performance for the additional good of the team.
This performance objective is linked to Paper F1, Accountant in Business, Paper P3, Business Analysis, and Paper P5, Advanced Financial Management.
PO 9:
MANAGING AN ASSIGNMENT
Its not just project accountants who deal with projects. Especially as professional accountants find their skills and knowledge called on to help achieve wider organisational goals, its likely that youll be involved in a variety of one-off assignments, either on your own or as part of a team (which could be cross-functional or cross-disciplinary). Its not just project accountants who deal with projects. Especially as professional accountants find their skills and knowledge called on to help achieve wider organisational goals, its likely that youll be involved in a variety of one-off assignments, either on your own or as part of a team (which could be cross-functional or cross-disciplinary). Whether youre in charge of the overall assignment or simply tasked with conducting a vital component, youll need to demonstrate time management, communication and planning skills in order to execute the assignment, as well as agility and responsiveness as the assignment progresses. Managing an assignment effectively will comprise agreement of scope, objectives and resources; planning how to monitor and review progress (including the use of specific project management tools); and post-assignment evaluation. You can demonstrate your competence in a host of ways, including: Remember that the assignments you focus on to achieve this objective need to fall in line with organisational and/or departmental objectives. The next step is to answer the challenge questions:
Describe your role in managing a discrete assignment: think about overall aims and expected outcomes include specific responsibilities, including those you were originally assigned and those you devised for yourself explain how and why certain responsibilities emerged as the assignment progressed. How did you apply learning from your day-to-day role in the assignment? consider competencies whose potential you stretched during the project, of which, through passing them on to others, will have developed your coaching, training or development skills also consider previous projects you may have carried out, including skills you developed as well as knowledge you acquired as a result of things that may not have gone the way you planned. What did you learn from the assignment that will help you in your day-to-day role? focus on those competencies you developed purely as a result of the project - but remember these can include skills and knowledge acquired through working alongside more experienced colleagues in finance, or colleagues in other functional teams (eg HR, marketing, sales, operations, etc) - and which will enhance your performance in your mainstream duties (or in future assignments)
managing an external or internal audit assignment from start to finish, including delegation of individual responsibilities and communicating findings and recommendations to management learning how to effectively use project management software, or adapt programs such as Microsoft Excel or Google Docs, to monitor and illustrate a specific assignment, as part of support provided to a project manager setting up a system for educating non-finance staff in essential finance-driven procedures (eg purchase orders, timesheets, etc), including identifying and prioritising relevant colleagues, agreeing parameters with your supervisor and non-finance managers, organising or delivering the coaching and evaluating outcomes against prior performance.
This performance objective is linked to Paper F1, Accountant in Business, and Paper P3, Business Analysis.
PO 10:
Also consider any periodic reports you compile for management, or to support the FD or partners monthly or quarterly presentation to management.
How have you ensured that the statements you have prepared meet all necessary requirements?
preparing supporting schedules and notes, and statements of affairs checking that documents and files of transactions recorded in the books have been posted accurately analysing historical data to show year-on-year or month to month changes in various financial positions selecting key information and drafting relevant interpretations for cover statements for bank reports.
Reflect on how you verify that figures you use or present are whole and accurate; this could take the form of simple checklists, double-checking that previous transactions have been recorded properly or reconciling with bank accounts.
How have you used supporting (possibly non-financial) information to make these more easily understood by users?
Show how you have avoided (or explain) jargon, or used case studies to illustrate certain financial positions. Graphs and charts may provide useful illustrations of revenue or expenditure trends to managers with a lighter grasp of the financials.
The next step is to answer the challenge questions. Explain your role in the preparation of financial statements
This performance objective is linked to Paper F3, Financial Accounting, Paper F7, Financial Reporting and Paper P2, Corporate Reporting.
Be specific about where your responsibilities sit in the overall business process, eg where you obtain information and figures from, how you decide to use them and what happens after youve posted to the relevant ledger.