Results are out! What next...Maybe you have passed SBR, or need to resit it, or are coming to SBR for the first time! Let me share some advice and thoughts on your situation. Of course by all means reach out to me for a 1-2-1 consultation by sending me a whats app on 07725 350793 (+44 7725 350793)

Accounting for provisions are discussed! As indeed is how they are similar to being pregnant! I am joined in this episode by my friend and colleague Sarah Ardiles - someone who shares my passion for all things IFRS! No prior knowledge is assumed, but I reckon there is stuff to be learnt from ear wigging on our 10 minute chat.  

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. 

There is an UK and an Irish variant of the SBR exam. These variants are for those students who want a practicing certificate. The extra content that these variants test is FRS102 (UK GAAP) and how this varies from International GAAP. In this episode I chat all things FRS102 with Steve Collins. To put it simply, Steve Collins is the country's leading authority on FRS102. He is MR UK GAAP. If you are doing the UK / Irish variant then this is an important episode for you! We talk through the...

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.

Results day is a binary day. Pass or Fail. But that is already now history - so what next? This episode has me giving some general advice to those who passed and those who want to go and pass their exam at a subsequent attempt.

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!

This is the only examinable ED for the June 2022 examination. If you are doing that exam - it is worth a listen to once. It is less than five minutes long.

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 - or any aspect of studying ACCA and SBR - just reach out to me on whats app 07725 350793 / +...

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 cash flow statement using the indirect method and the deferred tax implications! I hope you enjoy...

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 7725 350793)

In this episode Tom Clendon talks about integrated reporting 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 help passing SBR then please reach out to me. My website is www.tomclendon.co.uk 

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 transactions and balances from the perspective of the individual company.

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 highlighted and the application of the standard is illustrated through two specific examples. An action...

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.