Category: ACCA
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ACCA F3 revision notes section A Part 1
Define financial reporting Financial reporting is the process of recording, analysing, summarising and presenting financial data in such a manner that it may be used by all the stakeholders Different types of business entities Sole trader Partnership Limited liability Company Sole trader Sole trader is the business owned and managed by one person…
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ACCA F2 revision notes Section A Part 1
Distinguish between data and information Data is numbers and words which cannot be used to make a decision or understand something E.g. 5, 6, 8, John, Akshay, Ali, age Information is processed data used to make a decision Ages John is 5 years old, Akshay is 6 years old and Ali is 8 years old…
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How will I pass the ACCA exams?
“I have an ACCA exam in 1 month, and I have not studied anything.” Don’t worry at least 80% of the students don’t study until the last month before the exam. I have the answer to this question, just follow these 3 steps. 1. Study a lot If you did not study for the exam…
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WHAT IS ACCA F4?
WHAT IS ACCA F4? ACCA stands for Association of Chartered Certified Accountants. F4 (Corporate and Business law) is usually attempted by the ACCA candidate after he/she has passed F1, F2, and F3 . In this article I am going to answer the top 10 questions which arise in a person’s mind when he/she hears the…
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What is ACCA F1(Accountant in Business)?
WHAT IS ACCA F1? ACCA stands for Association of Chartered Certified Accountants. F1 (Accountant in Business) is usually the first exam attempted by an ACCA candidate. In this article I am going to answer the top 10 questions which arise in a person’s mind when he/she hears the word “ACCA F1”. 1. Knowledge needed for…
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ACCA F1 Revision notes section 1
Definition of organization “A formal group of people pursuing similar goals in the presence controlled systems” Types of organizations Commercial Not-for-profit Public sector Non-governmental organizations Cooperatives Commercial Profit is the main objective. Other objectives – Survival, growth, market share and development Example: companies and partnerships Not-for-profit Profit is not the main objective The main aim…
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ACCA F1 exam kit
1. “Organizations are social arrangements for the controlled performance of collective goals.” Which of the following presented this definition? a. Buchanan and Huczynksi b. Schein c. Handy d. Hofstede 2. Which of these is not a feature of organization? a. Team working together with dedication b. One man working on his own c. Everyone…