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TOP 20 QnAs of the month - May 2011
i-ask! | Have a question? Ask Tutor! So we approached the end of May 2011 with many exciting and good questions answered. We are thankful to students and visitors who asked nice and thought provoking questions which are sure will be of great help to other students as well. Here are the TOP 20 QnAs [...]
![10 Most Popular Questions of the week [March 15, 2011]](../../wp-content/uploads/2011/04/top-10-qna-of-the-week-300x297.png)
10 Most Popular Questions of the week [March 15, 2011]
i-ask! | Have a question? Ask Tutor! Another exciting week ended with lots of interesting questions answered. But every week we list down the top 10 questions which our dear visitors liked very much. So here is the list of top ten favourite questions answered for the week ended March 15, 2011 // Which auditing [...]
ACCA LIVE is here on PakAccountants!
PakAccountants team is much glad to announce warm partnering with ACCA LIVE. Many of our visitors might already have noticed some of the services provided on our website are much similar to those provided by ACCA LIVE and Hasaan Fazal’s personal blog. We are really happy that they joined hands with us in great cause [...]
Understanding changes in ACCA/FIA exam format by December 2011
// After the introduction of Foundations in Accountancy (FIA) - suits of qualifications, many important things have gone under the change phase and the most affected under ACCA qualification are the knowledge module exams i.e. ACCA F1, ACCA F2 and ACCA F3. This ASK TUTOR SPECIAL episode will be about understanding the changes in exam [...]
What is Performance materiality?
i-ask! | Have a question? Ask Tutor! Please explain to me Performance materiality in simplest possible words. I can understand materiality easily but this new concept is difficult for me to understand. Easy to understand examples with explanation will make understanding easy for me // Since the the concept of materiality at application level has [...]
How to prepare ACCA 2011 exams? - POWER POINTS
We have received numerous requests for writing about How to prepare for ACCA exams? And few subjects are requested many times. Even though there is no particular success policy that can ensure pass in an exam still doing the right thing at the right time and considering experience of teachers and students will definitely put [...]
10 questions to ask yourself before you start SELF STUDY
Deciding whether to do self-study or to get a professional help is not easy.Situation becomes tense even more when it involves professional qualification and you are already in your professional life. To help you make the right decision whether you can do or should do self study, we discussed with students and teachers to understand [...]
Understanding Throughput Accounting
The following article is relevant to all the subjects related to Cost Accounting especially with Throughput accounting as part of their syllabus. For example, ACCA F5. Though this article is written keeping ACCA F5 syllabus in consideration, it can be used by the students of other professional qualifications as well. // ACCA F5 students, especially, [...]
FIA | Foundations in Accountancy - Suit of qualifications by ACCA
Foundations in Accountancy is NOT just a new certification instead it is a whole new suit of qualifications all set to include Certified Accounting Technician (CAT) under its umbrella. This whole suit is subdivided into three certificates and a diploma. // So here we are with yet another innovation of “ACCA LABS”, Foundations in Accountancy [...]
ACCA
- What is complex asset or separate component asset?
- What is NIFO inventory valuation method?
- What are different inventory valuation methods?
- What is meant by Caveat venditor?
- What is meant by Caveat emptor?
- What is the difference between Penetration pricing and Loss leader pricing strategy?
- What are the limitations of Balance Sheet or Statement of Financial Position?
- What are Real accounts and what is the related ledger and the accounting rule?
- Can asset be classified as ‘held for sale’ if not sold within one year?
- What is the recognition criteria for subsequent expenditures incurred on non-current assets?
CA
- Can we capitalize material relocation expenses incurred on non-current asset?
- Is depreciation expense a fixed cost or a variable cost?
- Is ‘Cost of goods sold’ a Product cost or a Period cost?
- What is the difference between Product cost and Period cost?
- What is Contingent rent in leases?
- What are different types of audit reports or auditor’s reports?
- What is the difference between Objective of audit and Purpose of audit
- What is the difference between Complex asset and Cash generating unit?
- What is Double declining balance method of depreciation?
- What are different types of standards under standard costing?
CAT
- What is Detection risk?
- What is accelerated depreciation method?
- What is the difference between Finance lease and Operating lease?
- Can we capitalize Tax amounts?
- Why Training Costs are not capitalized as cost of the asset?
- Why LIFO is not permissible under IFRS?
- What is the difference between Faithful representation and Fair presentation?
- What is Grouping and Marshalling in financial statements?
- What is Common Size Income Statement?
- What is Negative goodwill and its accounting treatment?
FIA
- How Professional judgement and Professional skepticism are different in application?
- What is the difference between Material effect and Pervasive effect in auditing?
- What is the difference between Due Care and Due Diligence in auditing?
- What is Two-factor theory of motivation?
- Does Standard costing means costing based on cost accounting standards like financial accounting standards?
- What is Normal costing?
- What is the difference between Waste, Scrap, Spoil and Defect?
- What are the fundamental principles for the preparation and presentation of financial statements?
- What is the difference between Intrinsic and Extrinsic rewards?
- Can direct costs be fixed and indirect costs be variable costs?