Pass Your SBR ACCA Exams with Tom Clendon

You may think you already know PPE in IAS 16, but this one still causes problems in SBR when it is tested in an applied way. In this episode, I take you through IAS 16 Property, Plant and Equipment. We cover the basics of PPE, including initial recognition, depreciation, revaluation, disposal, and why depreciation is about matching costs with benefits — not saving up cash to replace an asset. You...

We’re going to continue our look at IAS 37 in this episode - fantastic! We recap the three key conditions for recognising a provision, then move on to contingent assets, why prudence matters, and why you cannot simply net off a possible asset against a possible liability. I also bring in the important link with IFRS 3 and fair value, showing how a contingent liability can affect group accounts and...

Provisions! Seemingly a simple standard to get the easy marks, but it isn't always the low-hanging fruit we expect. In this episode, I introduce IAS 37 Provisions from the ground up. Provisions are very examinable, and let’s face it, they can look easy at first. But the examiner can make them tricky very quickly. I explain what a provision is, why the standard exists, and the three key recogni...

Impairment… here we go again! In this episode, I revisit IAS 36, but this time we focus on one of the areas that students often find difficult: Goodwill Impairment. I walk through the key principles, explain why goodwill must be tested through a cash-generating unit (CGU), and tackle one of the biggest exam complications: the treatment of non-controlling interests (NCI). You’ll learn how goodwill...

In this episode, I explain the basics of IAS 36 impairment. We start with the key idea: an asset is impaired when its carrying value is more than its recoverable amount. I’ll talk you through the terminology, the logic, and the numbers, so it starts to feel manageable rather than messy. You’ll learn how to calculate an impairment loss, how to account for it, and what happens when the asset has pre...

In this episode, I take you back into IFRS 15 Revenue from Contracts with Customers, but this time we zoom in on one of the trickiest areas: determining the transaction price. I walk you through the key complications: deferred consideration (time value of money), advance payments, and variable consideration. We start with the core principles, then build it up step by step using clear, practical ex...

In this episode, I walk you through one of the most examinable areas in the exam: revenue under IFRS 15 Revenue from Contracts with Customers. We start right from the basics, so you’re not left guessing, and build up to the core principles that underpin the standard. I talk through the five-step model, explain why revenue is such a high-risk area (especially from an audit perspective), and why sim...

From Sept 2027 SBR will be no more. The new ACCA exam will be Business and Sustainability Reporting (BSR). This short episode explains what will be the same and what will be different.

Let me make sure you understand the very basic terminology around climate change and S2. Lend me your ears for ten minutes

In this episode I talk to Adam Yannakakis - a recently qualified ACCA member - who is passionate about helping ACCA students by coaching them to be accountable for their studies!

Whilst SBR is core you will also have to choose optional exams. And maybe you should think about doing AFM. In the episode I am joined by Andrew Mower, ACCA's expert AFM tutor and I quiz him about the AFM exam.

Why and how do we make provision for unrealised profits (PUPs) when preparing group accounts! In this episode this is all explained and more! #singleentityconcept #impactonNCI

IFRS 18 is a new standard that is now examinable at SBR. This edition of the podcast gives you an introduction and sets the scene!

Lets make sure you understand the basics. Here I talk about IAS 16 Property Plant & Equipment and IAS 40 Investment Property - with an emphasis on explaining about revaluations!

In this episode Nikki talks about the challenges that students face studying professional accountancy exams and the strategies that can be used to overcome them.

A power ten minutes on this key standard - which has been called an anaolgue standard for a digitial age!

Good students can fail exams! So I explored with my friend Stuart Pedly Smith his top five examination technique tips. Stuart is a very respected academic and lecturer who has researched extensively into how students learn.

Substance over form is a key principle to understand. In this episode I explain the theory and show how it is applied in two different accounting standards as well as crowdfunding.

Not as straight forward as you might think! In this episode I discuss and explain the various ways that a group will account for a 40% investment. You see it all depends.

Cash flow - lets talk the basic principles, why investors like them and lets talk numbers. This is a topic you must be comfortable with.

"The basics" do get tested at SBR. This edition covers the principles and examples of depreciation and revaluation of PPE. So yes it is about IAS 16 PPE. Ten minutes. Please like and subscribe! More about SBR can be found at my website www.tomclendon.co.uk

From Sept 24 this topic is examinable at SBR. So make sure you are up to date and listen to this edition and you might learn something about IFRS16 as well as my family tree!

In this episode I talk with Ben Wilson about how AAA relates to SBR and why for many students it is a natural exam to do after SBR.

The other core exam at the strategic professional level is Strategic Business Leader (SBL). In this episode I chat with Marty Windle - the SBLguru - who knows far more about SBL than I do.

So what is the deferred tax implications for a lessee entering into a right of use lease? Let me explain. With an example!