Created by - OSJ Global OSJ
ACCA Blog
WHAT IS ACCOUNTING?Accounting, on the other hand, refers to the process of reporting and communicating financial information about an individual, business, or organization. Rather than making strategic financial decisions, accounting captures an accurate snapshot of a party’s financial position at a specific point in time—a practice that results in the information that finance activities are generally based upon.The typical activities involved in accounting include recording transactions, collecting financial information, compiling reports, and analyzing and summarizing performance. The results often include thorough financial statements—including income statements, balance sheets, and cash flow statements—that are used to understand an organization’s position at a given time.
More detailsPublished - Thu, 28 Mar 2024
Created by - OSJ Global OSJ
25 tips for acca exam success
Marginal fail?If you scored a marginal fail (between 45% and 49%) last time it is likely that you failed because of poor exam technique. Very low mark? If you scored a very low mark (perhaps under 25%) last time then it is more likely that your mark is due to lack of knowledge. Did you struggle to come up with answers? It’s more likely to be a lack of knowledge if you felt that you were either guessing answers or had struggled to come up with ideas. Did you run out of time? It’s more likely to be poor exam technique if you ran out of time, perhaps missing out whole questions or parts of questions or not finishing the exam
More detailsPublished - Thu, 11 Apr 2024
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