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[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
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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
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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
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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
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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
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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
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The best part about delivering lectures to amateur level accountancy students are their questions - Sometimes very brilliant and sometimes very cruel ;)
I was impressed during my last lecture, while delivering a lecture on ACCA paper F1, when a student innocently asked me: “Sir - What are WE not learning in the classroom?”
I answered the question as best I could, and tried to give some decent advice with the time I had, but for some reason this question stuck with me.
Now that I
April 14, 2013
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Sean O'Driscoll woke up one day at the age of 15 and decided he wanted to be an accountant. It's an unlikely dream for a teenager. But over 40 years later, the west Cork native from Drimoleague runs one of Ireland's biggest privately-owned companies, Glen Dimplex.
With annual revenues of around €2bn and tentacles that spread from Europe to the US and Asia, the consumer product firm has more than 12,000 employees that owns brands such as Morphy Richards, Belling and Roberts.
"My fathe
April 4, 2013
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The Securities and Exchange Commission of Pakistan (SECP), Pakistan’s apex regulatory body, has launched web consultation forum aims to achieve border consultation of public at large and stakeholders over the SECP’s proposed regulations, policies and initiatives.
In its press release, SECP invited stakeholders, professionals, academia and general public to participate in ongoing, in-depth discussions on specific topics and issues related to capital market, non-banking financial sec
March 15, 2013
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Securities and Exchange Commission of Pakistan, in its attempt to adopt technological changes, allows directors residing outside Pakistan to attend board meetings through video conference.
As per previous corporate rules, it was not necessary to give notice of directors’ meeting to any director who was out of country for the time being.
Now, owing to the recent amendments to Tables A and C of the First Schedule, it has been made easier to send notice to directors, whether in the co
March 15, 2013
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