aCOWtancy

Welcome to aCOWtancy - Creating the world’s most loved online accountancy tuition courses - Give us a FOLLOW if you are studying ACCA, CIMA, CAT or DipIFR

[aCOWtancy @aCOWtancy]

Your ultimate guide to deciding which ACCA paper to take next - https://t.co/nnitszH8x5

[aCOWtancy @aCOWtancy]

ACCA SBL Pre Seen June 2026 https://t.co/4cav6xxnAA via @YouTube

[aCOWtancy @aCOWtancy]

Then you discount.

Hope it helps.

https://t.co/szfef3TGJJ — Platinum Approved. No bull.

[aCOWtancy @aCOWtancy]

ACCA FM.

NPV is all about cash not profit.

The four adjustments that turn one into the other 🧵

[aCOWtancy @aCOWtancy]

4. TAX is on PROFIT, but paid in CASH.

Apply the tax rate to taxable profit (after capital allowances, not depreciation).

Then put the tax outflow in the year the question tells you it's actually paid.

[aCOWtancy @aCOWtancy]

ACCA Just in Time - An amazing way to remember it https://t.co/izLgovYzK8 via @YouTube

[aCOWtancy @aCOWtancy]

PART 3 (recommendation, 1 mark): Split the responsibilities. One person opens and records. A second person reconciles. A senior reviews monthly.

PART 4 (test of control, 1 mark): Inspect a sample of reconciliations — different person? Senior reviewed?

3 marks per deficiency.

Go smash control questions this week.

https://t.co/o2Cwp6EPI8 — Platinum Approved. No bull.

[aCOWtancy @aCOWtancy]

ACCA AA.

"This could result in fraud" scores zero on a control deficiency question.

Every deficiency could result in fraud or error.

Here's what scores 3 marks instead 🧵

[aCOWtancy @aCOWtancy]

PART 2 — the half-mark most candidates lose.

NOT: "could result in fraud."

INSTEAD: "There is a lack of segregation of duties. The same clerk could misappropriate cash receipts and conceal the loss by manipulating the bank reconciliation."

Specific to THIS deficiency in THIS scenario.

[aCOWtancy @aCOWtancy]

Lock it in this week.

https://t.co/szfef3TGJJ — Platinum Approved. No bull.

[aCOWtancy @aCOWtancy]

ACCA FR.

3 steps to remember if the sub was acquired mid year 🧵

[aCOWtancy @aCOWtancy]

STEP 3: At the bottom of the CSPL, SPLIT the group profit.

The one often forgotten.

Total group profit at the bottom of CSPL splits:

Profit attributable to:
Owners of the parent: X
Non-controlling interests: Y

NCI share = post-acquisition profit, time-apportioned, less upstream unrealised profit.

[aCOWtancy @aCOWtancy]

ACCA PM: How to answer an explain question