Pass Your SBR ACCA Exams with Tom Clendon

It is the day after the SBR exam. Here is my hot review. Compiled having listened to my students! Also published on my YouTube channel. 

In this episode I take the accounting standard IFRS 2 Share based payments and explore how it interacts with two other standards; IAS 7 Cash flow statements and IAS 12 Income Taxes (deferred tax). This is not for beginners. Those listeners with a prior knowledge of all three of these standards will get the most out of this episode. 

The Advanced Audit and Assurance exam is an optional exam at ACCA's strategical professional level. In this episode I chat with colleague Ben Wilson and he explains why he thinks you should chose to sit this exam! 

In this episode I take the topic of deferred tax and explore how it interacts with two different accounting standards (IAS 16 PPE and IFRS 16 Leases). I also touch on how IAS 12 appears to conflict with the conceptual framework! This episode is not for beginners! Make sure you listen to part 1 first!

After explaining the difference between accounting policies and accounting estimates, I then go on to apply this standard to a number of different practical situations.

To pass the final level professional accounting exams, you not only need to know your stuff but also how to apply it in new situations. In this episode I present you with a challenge. I wonder if you get to the conclusion before I do and understand my reasoning and answer first time!

Yes this is a current issue at SBR! First we need to understand the nature of an Initial Coin Offering (ICO) so that if this comes up in the exam we can discuss the accounting treatment. My explanation of ICO's includes references to intangibles assets, impairment and crypto currencies! I hope you enjoy the episode.

This is a "small" accounting standard - and one that many be already familiar with but it is always good to be reminded of the basics. After setting the scene with explaining the definitions, I take you through four separate examples to make sure we all have an understanding as to how this accounting standard is applied. Please like and subscribe to my podcast!

In this edition of the podcast I am talking about two elements that make up the financial statements "ASSETS" and "LIABILITIES". I will be discussing their definitions and recognition criteria given to them in the framework. I will point out how this can differ from particular accounting standards.

In this episode I explain the nature of the IASB's Conceptual Framework for Financial Reporting. The importance of useful information is discussed - and with plenty of examples! It is only ten minutes long. Short and sharp. 

ACCA allow many of you a choice as to where to sit your ACCA exams - either in an exam centre on their computer OR remotely (meaning that you sit the exam at home on your own computer). In this episode I discuss this choice with my colleague Ben Wilson. We draw on the experiences of our students to give you advice so that you can make an informed decision. As always if you want to chat about this...

IFRS 2 is sometimes thought of as a tricky standard. In this edition of the podcast we explore the nature of equity settled share based payments that are issued to staff (basically options). By understanding why they are issued will help us understand the required accounting treatment. Towards the end of the podcast I explain (briefly) the interaction of this standard with the preparation of a cas...

Hear from a student who got the top mark in SBR in the whole of her country. She shares her study tips and approach to online learning. I think you will find it very interesting.

The ACCA SBR and AAA exams come with a choice, a decision that you have to make. International exam or UK variant. For some of you INT will be the right path - and for others UK is the best choice. In this brief podcast I am joined by AAA expert tutor Ben Wilson and we explain on what basis you should decide. Still not sure or just want a chat - then reach out to me via whats app 07725 350793 (+44...

In this episode Tom Clendon talks about integrated reporting <IR> as this is a topic that has been, and will be, examined at SBR. Having explained what an Integrated Report is; the podcast then goes on to explain its benefits (why businesses produce it), the contents of a typical Integrated Report and concludes with some reflections about its role in financial reporting.  If you want he...

In this episode I explain the definition of an investment property and how it is accounted for. We also consider several issues including what happens when an individual property is partly occupied and partly rented out as well as accounting in the group accounts.

At SBR we get involved in explaining how the financial statements of an overseas subsidiary are translated in the presentational currency of the group as part of the consolidation process. In this episode I set out the process and explain how the group exchange difference arises and how it is accounted! All good stuff.  There is a separate episode which just deals with foreign currency transa...

In this 2nd episode on this topic I discuss with Ben Wilson, the ACCA AAA expert about the latest developments in the regulation relating to reporting on sustainability and climate change reporting. This is a topical issue that will not go away - so it is great to get another take on it!

In this episode I discuss accounting for provisions - which is at present regulated by IAS37 Provisions, Contingent Liabilities and Contingent Assets. In addition to explaining the basics of the standard I discuss why the standard is said to conflict with the current conceptual framework and what is meant by the "all or nothing approach" adopted by the standard. The areas of judgment are highlight...

Sustainability reporting is a current issue that will be examined in SBR in forthcoming exams. Its important to be able to understand why accountants should report on these issues and the debate and developments around the form of such reports.  I recorded a second episode on this topic - with Ben Wilson - where we discussed the very latest developments in regulation ahead of COP26. So please...

IFRS9 Financial Instruments is a massive standard. What I am doing in this episode is explaining how financial assets (investments in shares and debentures) are classified and accounted for. I hope you enjoy the episode. If you have a topic that you want covered please let me know.

Bit coins! There is no accounting standard on this issue. So it is important that we understand the arguments and alternatives around this topic as it could be tested in a number of different ways. 

This is a long episode! Listen as I explain the basic principles to accounting for pensions. It starts with understanding the difference between defined contribution schemes and defined benefit schemes! Most of the podcast is taken up with explaining how defined benefit schemes are accounted for in the statement of financial position, the profit and loss account, the cash flow statement and what a...

This topic was suggested to me by Aaditya Chaturevedi via my Linkedin account. It is a good one - because in explaining how the guarantor accounts for the giving of a guarantee on another party's loan I name checked five different accounting standards! I wonder if you can guess what they are before you start to listen! In the podcast I use the example of an entity giving a guarantee relating to a...

In this episode I critique the accounting treatment of goodwill as set out in IFRS3 Business Combinations. I set out four criticisms of the standard including discussing whether purchased goodwill should be recognised as an asset, and the arguments around why goodwill should systematically amortised and so not subject to an annual impairment review.