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IBF Launched its ACCA Exam Tips of Fundamental Level for June’13

F4- Corporate & Business Law English legal system Court structure Exclusion clauses Intention to create legal relations Breach of contract Consideration Privity of contract Terms of the contract Intention to create legal relations Duty of care, breach of duty of care & Causes & defences Professional negligence Employees v self employed workers Redundancy Liability of agents & partners Termination of partnership lifting the veil private v public compan

May 24, 2013 No Comments Full Story

A.F.Ferguson Secured a Multi-Million Rupees Contract from National Bank

Famous members of Big four - A.F.Ferguson & Co, an affiliate of PriceWaterCoopoers, has successfully secured a contract from National Bank of Pakistan for Business Processes Review (BPR Services) and COSO Implementation. Both Giants of their respective industries signed an agreement at National Bank’s head office.  The NBP President Dr Asif A Brohi said, “NBP is committed to achieve the leadership position in the industry by adopting international best practices and ensuring consi

May 24, 2013 No Comments Full Story

Accountancy: It’s Not All Suits and Spreadsheets

By Anita Brook As an accountant, I would be the first to admit that the profession doesn’t have a reputation for being particularly exciting or dynamic. In fact, one mention of the dreaded “a” word at a dinner party can make the eyes of even the most polite guests glaze over, so it is often a surprise to people when they learn about the organisations out there who are using accounting skills to really make a difference in some of the world’s poorest countries. My career in acc

May 24, 2013 No Comments Full Story

Women in Accountancy – Sue Lloyd appointed to the IASB

[caption id="" align="alignright" width="370" caption="IASB office"][/caption] The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), announced today the appointment of Sue Lloyd to serve as a member of the IASB for an initial five-year term, renewable for a further three years. Ms Lloyd currently serves as a Senior Director of Technical Activities at the IASB.  In this capacity, she is responsible for leading the technical staff in

May 24, 2013 No Comments Full Story

ICAEW and AAA to Work Together in Dubai

ICAEW and the Accountants and Auditors Association (AAA) have signed a Memorandum of Understanding (MoU) to work closely together to advance the accounting profession in the UAE.  The agreement between the two bodies was signed in Dubai on 16 May 2013 by AAA Chairman Saif Bin Abed Al Muhairi and ICAEW President Mark Spofforth. It establishes a framework for the two bodies to work together, sharing knowledge and expertise in order to further the development of the UAE's accounting profe

May 19, 2013 No Comments Full Story

Jumping to Conclusion without Attempting Question – Learn from Big Eric

Another common and big mistake usually made by ACCA students is jumping to conclusion way before they even attempt their exam answers. Please remember - there are always numbers available in questions which merely requires you to reproduce your working in proper format.   So just before you decide not to attempt a question and leave any random part - please learn from this story. One day, Dave, the bus driver, was in his bus when the biggest man he had ever seen got on. The giant looked

May 19, 2013 No Comments Full Story

ACCA Examiners are like Sharks and Students are like Fresh Fish

I know you guys are all stuffed up with preparations but remember - this time will be over well before you realize. There's still time to prepare and make your best efforts possible.  Here's a little story for you guys to motivate. The Japanese have always loved fresh fish. But the waters close to Japan have not held many fish for decades. So to feed the Japanese population, Fishing boats got bigger and went farther than ever. The farther the fishermen went, the longer it took to brin

May 17, 2013 No Comments Full Story

A Lawyer, Insurance Company and ACCA Student in Exam Hall

Contrary to popular belief - Corporate world in full on humor. And the only thing they are unfolding on us is a use of common sense. Here's a little story for you guys to cheer you up before exams (don't forget to use common sense in Exam hall).  A Charlotte, North Carolina lawyer purchased a box of very rare and expensive cigars, then insured them against fire, among other things. Within a month, having smoked his entire stockpile of these great cigars and without yet having made even his

May 17, 2013 No Comments Full Story

McDonald’s Corporate Social Responsibility Initiative

As part of its Corporate Social Responsibility, McDonald’s recently arranged the Annual Sports Festival at Chamman House for Special Children.   The families and teachers of the children applauded the event and appreciated the efforts of McDonald’s. The children participating in the event had a great time competing in a friendly environment and showcasing their sporting talents. After the prize distribution ceremony, McDonald’s served almost 600 - 700 people attending the event wi

May 3, 2013 No Comments Full Story

ACCA Launches Foundation Diploma for Accountancy

Press Release A new award called the Foundation Diploma has been launched in the country by the Association of Chartered Certified Accountants (ACCA) here on Thursday.  The diploma would provide essential knowledge and skills to those students without relevant training and a clear entry route to ACCA’s main accountancy qualification, called the ACCA Qualification. It can be completed within 12 months. A launch ceremony in this regard was held here at a local hotel in which a large numb

May 3, 2013 No Comments Full Story

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