This is from the "Accounting Makes Cents" podcast episode #52 released on Monday, 6 November 2023. In today’s episode, we are going to talk about budgeting. Budgeting in a company is a strategic endeavor that involves meticulous planning and allocation of financial resources. It serves as the cornerstone for decision-making, resource management, and ultimately, the … Continue reading Budgeting Basics
Tag: IFRS
From Home to Balance Sheet: IAS 37 in Action
This is from the "Accounting Makes Cents" podcast episode #48 released on Monday, 11 September 2023. In today’s episode, we are going to unravel the complexities of IAS 37, the International Financial Reporting Standard governing provisions, contingent liabilities, and contingent assets. In our everyday lives, we often encounter situations that mirror the principles of IAS … Continue reading From Home to Balance Sheet: IAS 37 in Action
The Basics of Revenue Recognition
This is from the "Accounting Makes Cents" podcast episode #39 released on Monday, 8 May 2023. In today’s episode, we are going to talk about IFRS 15 or the Revenue from Contracts with Customers. This is a fairly new standard, only coming about in 2018 to replace a previous standard with regards revenue, I think … Continue reading The Basics of Revenue Recognition
CIMA Examinable IFRS/IAS Standards
This post is just a reminder for students who are planning to undertake CIMA in the near future, especially those who have yet to take any of the F pillar courses and/or BA3. The CIMA syllabus includes the study of different Accounting Standards regulating various topics on financial statements reporting. While students do not have … Continue reading CIMA Examinable IFRS/IAS Standards
IFRS, Can I Get Your Number?
Dear MJ I'm ashamed to admit this. I'm an accountant by profession and I'm supposed to be good with numbers, but I can't for the life of me remember which IFRS and IAS go with which standards and notes. I get them all mixed up! And with the time constraints, I go blank. If I … Continue reading IFRS, Can I Get Your Number?
MJ THE TUTOR 