u/MrKhan804

I will probably save enough and work in this field for 10-12 years, start a business and quit afterwards, im still doing my ACCA, one things clear, you need a lot of brains to pass these exams and though I end up passing, I do not know what the work is like but im pretty sure I wont be able to make financials for the rest of my life, its not exciting. The deadlines are hectic but I already DGAF bcz its not like hospital emergency kind of urgent. Does it excites you? Yes it pays well but are you happy with what you do after 10-20 years of experience, I have been offered a position in sales and im actually considering with AI advancing, would it be better to have that experience? I already reached managerial level in customer service but had to quit (1.5years) as it was supposed to be my summer job and I was losing focus as my primary responsibility is to complete my degree

With only 3 weeks to go im on my last topic, they shouldnt have included consolidation in ratio analysis, this is a starting point and though I feel really good about interpreting individual books, the consolidated books makes things very complicated which shouldve been a part of SBR and not this, it messes up a lot of things, the disposal cases are easy but im solving gregory co right now, which doesnt provides the individual books of subsidiary like 90% of all the consolidated ratio interpretation questions, im kind of panicking bcz there are 20 different ways they can test this and its not fair, you have consolidation as a seperate topic in detail, you shouldn’t have included it in ratios at this level, I will pass but the course covers so much that it doesnt allows you to master everything within 3 months and spending 6 months isnt very smart, sad state of affairs

Someone here was kind enough to help me and it’s working out great, please have a read, it doesnt matters if you took paid classes, you need to watch Opentuition lectures for this topic as well (1.5 hrs max in total for Ratios) you are getting a 20 mark question guranteed here so you should secure at least 70% (14marks) here GOODLUCK

I got full marks on the single entity question in FR last june, and it is exactly a type of financial performance analysis you would have seen in PM. It compares (and THAT is the key word) a company's balances to prior year figures, or that of an industry equivalent. It allows a company to gauge how well their money is performing.

First thing is making sense of what the question in the BPP/Kaplan kit is asking for FR. Q: Calculate ratios and discuss the performance and/or position of the company. Position means liquidity and working capital ratios: quick and current ratio, payable, receivable and inventory days. That's it, 5 ratio's total. Performance is the three margins: gross/operating/net profit, ROCE and possibly asset turnover (which is just operating margin x ROCE). At FR level capital employed is usually total assets - current liabilitites, or NCL + Equity. ~~(It's the same thing). They could ask for gearing, and if the relevant figures are there, go for it if they ask you to decide what ratio's to calculate. This is rare, they usually specify.

Make a list of all the ratio's and their formulea. Write a short snappy summary of what each ratio does and why businesses use them. Learn this to heart, especially ROCE and gearing. You must also learn what effect revenue and cash has on the business for questions that ask about position, it's always worth one mark each. You need to know how a movement in one ratio affects the movements in other ratio's.

How to structure the essay:

This is the key formula: ELF: Explain > Link > Future. (From technical article on ACCA).

Main heading: Performance

Subheadings: Revenue > Gross profit Margin > Operating Profit Margin > ROCE (Do the elf structure for EACH subheading.)

Explain the movement: State it went up or down by X% BECAUSE. If you fail to specifiy WHY, you will get NO MARKS! Example: Revenue has increased by 10% due to the company launching a new marketing campaign.

Link to ANOTHER Ratio: Due to this increase in revenue, the operating profit has risen by 5%. (vague explaination just to highlight the point.) Back this up by showing a quick calculation if you can.

Explain the impact this will have on the business in the future. Is it good or bad for the company long-term. (Revenue has increased, and profits are healthy, but maybe the company had to borrow to get that money to invest it in advertising, and now their gearing is higher due to the additional debt, etc.

You need to follow that structure for every subheading and they will award you one mark per heading, so do as many as you can. If ratio's are offering 5 marks, you need to be doing 15 subheadings to get the other 15 marks.

Main heading: Position

Subheadings: Cash Flow > Current Ratio > Quick Ratio > Working Capital Ratio's (inventory/payables etc.), you can also put gearing in this section, and conclude with the outro stating what you think the company did was advised or illadvised, or what they should continue or discontinue doing in the future. You can be completely wrong, but as long as you own it with confidence, you might get marks. The more you practise, the easier it it.

Groups are tougher, but generally it concerns a lack of comparability as usually a company's year end doesn't match that of the subsidiary, and you can't really compare three months of a sub to 12 months of the parent. It usually boils down to how much weight the subsidiary is pulling, or if the company was right or not in buying or selling the subsidiary. Honestly, that's the general gist of the entire essay and what your ratio analysis is trying to 'prove' in monetary terms.

The only way to learn this is by watching the open tuition lectures, following along with their examples, and practising using a kit. That's wht I did and it worked perfectly. Sorry this is so long btw.

Their 2nd comment

Aw, thank you! Again, sorry it was so long, but I did forget to mention something actually. Open tuition goes into all the ratio's individually, what they do, how to calculated them, what makes them go up/down, etc. Also, say company invested heavily in advertising this year, but thats not a normal cost for them, say it's a once off large cost; this would 'distort' the information the ratio analysis is giving you. So my tip for this, which i also used in my exam was, calculate the ratio including the once off, make your ELF points, and then REDO the same ratio excluding that once off cost, and state how this gives a more reliable indication of how the company is controlling their costs, etc. Especially say 15 marks are going for the essay and they're only asking for 5 ratio's, you could end up having to make multiple ELF points PER subheading just to get the marks, but in this case, they could be awarding 1.5 marks per subheading expecting you to make 2 points per subheading. Again, i hope this really helps. It really comes down to practise, over and over and over. Reverse engineer the kit answers based on what ratio's they asked for and boil it down down to it's salient points. You'll pick it up easliy. 6 weeks prior to my attempt this time last year, I knew nothing about it either, haha.

Its 2:30 am, hes retired but kinda active, goes to walk 2 times a day, should I take him to emergency? He’s never had this issue before and I am not sure what to do, chatgpt says its not an emergency and i should take him to doc soon this week

Im still doing my ACCA but I just discovered that external audit in BIG4 doesn’t aligns with my religious perspective as it deals with interest, Im looking for roles that dont deal with interest, so far Internal Audit in a Manufacturing business or a role management/cost accounting seems like the way forward, sustainability is a work in progress as well but it will take time, im panicking and have had 2 panic attacks bcz my brother started his career in External Audit as well in BIG4 so that was my dream as well since I was in school, its been years so it is really hard to deal with, I hope you guys are kind enough to answer

I have been taking ritalin 2 times a day amd I just told my doctor, the second dose is unnecessary for me and i just need that initial push when I wake up, she agreed and said we can do that, my question do we have people who take one single dose and it works for them? Are there any side effects to not taking 2 doses a day? 10 mg has minimal effects on me
She has prescribed me to take 15 mg a day or 20 mg in a single dose as I deem fit and stick to it

I am thinking of choosing APM and try to make a career in management out of personal religious reasons, interest is a no-no I didnt think much about it when I started ACCA and upon researching, I genuinely have chest pain for the last 10 hours bcz I always wanted to start my career in big 4 as an external auditor in big 4 like my brother but learning about the ruling, I would not be comfortable with that and spend my life in doubts, the question is can you really grow as a management accountant with just ACCA? Bcz people go for CIMA for that

Im mid way in my degree (ACCA) and I can choose 1 subject between tax, audit, Performance Management or Financial Management for my last optional professional exam, sort of specialisation in that specific field
I always wanted to start as an external auditor in the big 4 like my brother but the scholars have different opinions some say halal and some say haram, if there’s anything, I cant live or even sleep with the doubt that my income may be haram, please advise what area should I look into, as im still studying, I am thinking of going into tax to avoid the haram, if I was given another chance, I wouldn’t pursue with accounting degree bcz right after all my hard work and my parents spending this money on my degree, it will be a surprise for them that I might willingly refuse to work in the big 4 and since my brother was an auditor before, saying I think it is haram openly will cause a lot of drama in the family

Please give a genuine advice as if im your brother who you really want to go to jannah, I have worked in customer service at managerial level in night shifts and though it didnt pay much and was mentally exhausting, I had absolute peace in my heart that my income was halal and I would rather make less than possibly trade it with my akhirah
I give my absolute best at work and usually get promoted very early but if I pursue a career where I have doubts about it being halal or haram, I would always be distracted by the doubts