IFRS 15 and the 5 steps of Revenue recognition. Many students have no idea why they books contain step 1 Identify the Contract since...it's so obvious... Well, not so fast, this episode will show you how the first steps can be tested. ...

When you study consolidation, NCI-related entries are scattered around different topics. Let's organise everything neatly.And, by the way, you can join my SBR Study Group for 1 week of free access: https://bit.ly/SBRLK

Let's face it, the consolidation topic is bad as it is but when it's "enhanced" with the IAS 21 requirements, often it's hard to keep track of all the adjustments needed: do we share forex on Groodwill with NCI? Do we calculate NCI in the funct...

I hardly ever meet a student that would calculate goodwill impairment correctly. Listen to this episode to learn more.Also, my SBR study group gets launched this Saturday. It's free of charge for the two upcoming weeks and then you can d...

SBR has those nasty standards where you need to talk about the users' perception of the financial statements. Listen to this episode to get prepared for questions like that!

Surprisingly, IFRS 8 Operating Segments is tested quite frequently. This is the first part which discusses the key points to pay attention to.

Here is a thing: when we see a 10-mark question in SBR, we pay attention to the main standard tested and often loose marks because we don't mention other standards that will be affected by the issue. This video makes you aware of o...

With Assets Held for Sale we have 2 major questions to answer. Listen to this podcast to learn more.Want to enroll in a course by ACCA Gold Approved Learning Partner that will teach you the tricks to pass? Here it is: https://...

The episode is equally vital for Financial Reporting exam takers. The standard takes just a page to read but it includes a fatal misconception students have.Make sure to subscribe to my LinkedIn Profile (Liliya Kirylenka, FCCA...

Feeling stressed about tomorrow’s ACCA exam results day?Here are a few techniques that will help.But first, let’s talk about the hard truth.You are taking ACCA because you ultimately want to hold a top-level position. Otherwise,...

Does IAS 40 look like the easiest one? Ha! Wait for an SBR question to ask you when Cost model will be more appropriate for Investment Property.This video draws your attention to how a question that looks like IAS 40 question will in fa...

Oh no, don't say "because of PIRATE criteria", in SBR we need to justify each and every thought, and IAS 38 doesn't have this exact mnemonics, it has been invented for study purposes, so we can't use it as a justification.IAS 38 is teste...

This standard is tested frequently in the Financial Reporting exam and you may have a feeling that it's quite easy. Well...no... SBR tests your ability to challenge the scenario, so IAS 37 may come with some unexpected scenarios....

IAS 36 Impairment is tested almost in each and every sitting and is likely to be tested as part of environmental issues question.Ready to pass SBR with a tutor who pays attention to focusing the students to what is important? ...

IAS 16 looks like a basic standard which means it's an ideal candidate to practice your skills! Can you come up with the ways that depreciaiton can be tested? I can.Listen to this episode which illustrates what to expect in re...

Let's talk about Employee Benefits. This standard is often tested in conjunction with the Cash Flow Statement.Are you taking SBR any time soon? Subscribe to my LinkedIn to participate in weekly IFRS Quizzes: https://www.linked...

SBR loves discursive questions. This means you may be required to talk about how the standard changed the financial reporting and why it was important to the users of the financial statementsAs a member of ACCA Gold Approved L...

No, it's not only about deferred tax assets and deferred tax liabilities. This episode will be equally important for those who take ACCA FR exam.

As a Tutor, I often see people reading the standard just to get acquainted with the concept. And then they get a question on Level 1, Level 2, Level 3 inputs in the exam and panick. Or they get a question where they need to explain which of the...

Frankly, IFRS 16 is not the most frequently tested standard but what we can say for sure - it's the standard that you can't reverse engineer. Please, mind the fact that this podcast just draws your attention to the key points, and t...

This is a summary of IFRS 16 Leases, the part that talks about lessee's side of accounting.It is a huge standard, that's why it is essential to revise the key points.Want more exam focused content? Join my course which has been de...

Spoiler alert: no, it's not only IAS 38 Intangible Assets. Sometimes it is IFRS 15 Revenue, sometimes it is IAS 32 Financial Instruments: Presentation, etc.In SBR, we are not given marks for just referencing to a standard, we need to EXP...

SBR tests consolidation very differently from the Financial Reporting exam. To begin with, we have very typical DISCURSIVE questions that have nothing to do with goodwll calculations.Want to study from the best? Check o...

SBR doesn't focus on the calculation of ratios. Instead, it tests typical accounting mistakes or manipulations and their impact on the stakeholders' perception of the company.A must-watch episode to deal with Question 2 of SBR