Strategic Business Reporting-SBR

Strategic Business Reporting (SBR) – Read all ACCA Technical Articles, Examiners Reports, Exam Tips and Many more.

The Sustainable Development Goals

The Sustainable Development Goals (SDGs) are 17 goals tackling major world issues agreed by 193 UN member states to be achieved by 2030. These goals include zero hunger, decent work and economic growth, and reduced inequalities. The SDGs apply to all countries and set the priorities for governments. Demographic and social change, shifts in global economic power, urbanisation, climate change, …

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The definition and disclosure of capital

This article is structured in two parts – first, it considers what might be included as the capital of a company and, second, why this distinction is important for the analysis of financial information. More complexity Trends This article is useful to those candidates studying for Strategic Business Reporting. It is structured in two parts: first, it considers what might …

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IAS 21 – does it need amending?

This article examines the issues raised by IASB research that referred to a KASB study into whether IAS 21 needs amending.  Long-term liabilities Average exchange rate The International Accounting Standards Board (IASB) initiated a research project that examined the previous research conducted by the Korean Accounting Standards Board (KASB). This research considered whether any work on IAS 21, The Effects of …

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Bin the clutter

The effects of clutter have typically come in for little consideration by the preparers of annual reports. However, the phenomenon is increasingly under discussion, with initiatives recently launched to combat it. It is unusual to think about the effects of ‘clutter’ but, increasingly, this phenomenon is being discussed. One prominent website describes clutter as follows: ‘Clutter invades your space and …

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Using the business model of a company to help analyse its performance

Understanding the business model of an entity is helpful in analysing and communicating the essence of a business and for predicting the implications of a change in circumstance on a business. Strategic Business Reporting (SBR) candidates should use this technique to improve their answers to SBR questions and this article should help them to do this. The business model in …

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The integrated report framework

In 2013, the International Integrated Reporting Council (IIRC) released a framework for integrated reporting. The framework establishes principles and concepts that govern the overall content of an integrated report. Principle-based framework Relationship with stakeholders In 2013, the International Integrated Reporting Council (IIRC) released a framework for integrated reporting. This followed a three-month global consultation and trials in 25 countries. The …

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Giving investors what they need

 This article looks at how reporting capital structure is challenging, but markets are keen for the information. Introduction What is it? Investor needs IAS 1 Disclosures Examples Companies Act Capitalisation table Debt and equity Diversity and difficulty Introduction Often the advice to investors is to focus upon cash and cash flow when analysing corporate reports. However insufficient financial capital can …

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Additional performance measures

For many years, regulators and standard-setters have debated how entities should best present financial performance and not mislead the user. Introduction Common practice Evaluating the aims Introduction Many jurisdictions have enforced a standard format for performance reporting, with no additional analysis permitted on the face of the Statement of Profit or Loss. Others have allowed entities to adopt various methods …

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Impairment of goodwill

According to IFRS® 3, Business Combinations, there are two ways to measure the goodwill that arises on the acquisition of a subsidiary and each has a slightly different impairment process. How to calculate goodwill Consider calculating goodwill Basic principles of impairment Consider an impairment review Goodwill and impairment Proportionate goodwill and the impairment review Consider an impairment review of proportionate …

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Business Combinations – IFRS 3 (Revised)

This article provides an introduction to IFRS® 3, Business Combinations and IFRS, 10 Consolidated Financial Statements, including piecemeal acquisitions and disposals. Purchase consideration Goodwill and non-controlling interests (NCI) Fair valuing assets and liabilities IFRS 10, Consolidated financial statements Disposal of controlling interest while retaining associate holding Purchase consideration The purchase consideration includes the fair value of all interests that the …

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