10 Most Popular Questions of the week [January 15, 2012]

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 January 15, 2012

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Top 10 QnAs for the week ended January 15, 2012

  1. What is Control risk?
  2. What is the difference between Cost accounting and Management accounting?
  3. Why do we add back depreciation and interest income / expense in cash flow statements?
  4. Is change in inventory valuation method is a change in accounting estimate or an accounting policy?
  5. What is the difference between Authorised capital, Issued capital, Subscribed capital, Called-up capital and Paid-up capital?
  6. What is Negative goodwill and its accounting treatment?
  7. What is the difference between Inherent Risk and Business Risk and implications of these two in auditing?
  8. What is Emphasis of Matter paragraph and when is it used?
  9. What is the difference between soft capital rationing and hard capital rationing
  10. What are the Elements of Financial Statements?

Other than our QnAs some of our articles, especially related to ACCA qualification, received a significant attention which are as follows:

ACCA announced changes in study guides for 2012
Although ACCA has announced the changes in syllabus guides of several ACCA subjects back in October 2011. However, not many are aware of such changes. [Read More…]

How to prepare ACCA exams? – POWER POINTS
Detailed article covering each subject are in pipe line and will be posted in coming weeks but at the moment here are some power points for each subject that students must not miss in preparing their next ACCA exams. [Read More…]

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 article summarizes everything you need to know about the changes. [Read More…]


  1. Why do you add depreciation in cash inflow


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