Business Strategies: Starting a business here in the part of the world (Ghana) is one of the most difficult and challenging things that every individual can venture into. Why is it so? Because government policies and how banks or other financial institutions make it difficult for ideas to be nurtured and developed into a multi-million-dollar …
THE SIGNATURE MASTERCLASS OF NHYIRA PREMIUM Do you know that between sixty (60) to seventy (70) percent of candidates who sit for the Institute of Chartered Accountants Ghana (ICAG – GH)’s professional qualification examination FAIL? Do you also know that about seventy (70) percent of EVERYTHING you are studying now may not be examined? Do …
The purpose of any professional exam is not just to help you get a good job, but also to create a well-rounded, accomplished professional. Passing professional exams can be challenging, expensive and time consuming, but if you follow these top tips you will have a greater chance of success: BELIEVE IN YOURSELF If you don’t …
MODEL 4 – PRACTICE MANAGEMENT 1.1. BEFORE THE ENGAGEMENT SERVICES Let’s now begin our journey with the things we have to do as auditors before writing an engagement letter or signing an engagement contract. There are five things to be considered: [vooplayer type=”video” id=”NjM5NjE=” float=”right-25%” ] ADVERTISEMENT: There are particularly five (5) guidelines when we …
MODEL 1 – OVERVIEW OF SYLLABUS For the purpose of how I am going to teach and handle the subject, I have divided the syllabus into three major parts. This will enable us to effectively understand the subject and know how to apply your knowledge both in the examination and the real business issues in …
MODULE 6 – THE MANAGEMENT ACCOUNTANT’S PROFIT STATEMENT – ABSORPTION COSTING & MARGINAL COSTING Module objectives: After going through this module, you will be able to: Understand the marginal costing principles The absorption costing principles Prepare Management Accountant’s profit statement using both the Marginal and Absorption costing principles Perform a reconciliation of Marginal …
Module objectives: After going through this module, you will be able to: Understand the concept of Activity Based Costing Distinguish between Cost drivers and Cost pool Know the various steps involved in using the method to prepare the Statement of Profit/Loss Understand the criticism and problems of the approach Explain how organisations switch to …
Module objectives: After going through this module, you will be able to: 1.Explain the various ways of stock controls 2.List documents used by organisations for inventory control 3.Understand the various stock levels and their concepts 4.Calculate the cost of inventory 5.Prepare the Material Control Account 1.1.Introduction Materials refer to the basic inputs, ingredients or components …
Module objectives: After going through this module, you will be able to: Define and explain the various basis of cost classification Understand the various cost and responsibility centres used in various organisation Explain the concept of cost behaviour Perform calculations to distinguish between variable costs and fixed costs using the High and Low method. …
Module objectives: After going through this module, you will be able to: Understand the recognition criteria of Grants Measurement basis Disclosure requirements 1.1. Introduction Objective of IAS 20 The objective of IAS 20 is to prescribe the accounting for, and disclosure of, government grants and other forms of government assistance. Scope IAS 20 …