2021年7月

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In the 21st century, financial literacy is as critical as your professional education. According to a research published in TIME magazine, those who do not possess much knowledge in terms of financial literacy endure a lot of struggles in their life.

Another study conducted by the TIEA-CREF Institute suggests that those people who plan for their retirement from an early stage save more than double the amount of wealth in comparison to those who don’t. This is a huge advantage of being financially literate. The study suggests that financially illiterate or less literate people have the knack of borrowing more, saving less wealth and paying more by submitting to emolument related monetary products. The investment these individuals do is almost zero, but they do accumulate enough debt to burden themselves emotionally, financially and physically.

The cost of not being financially educated becomes more and more complicated with every passing day. Thanks to globalization and the Internet, these individuals can opt for financially educational courses from anywhere in the world. ACCA online study offers such an opportunity where you can learn online and access material from wherever you want to.

Here is enlisted five tips that will benefit you gain more financial knowledge and help you with the adjustment and accumulation of your wealth:

  1. Create personal networks:
    Organizing personal connections with financially educated or even professional financial advisors are essential when you are just starting out. You will be able to gain enough knowledge about the investments, market, credit, debit, or some of their experience might also help you out when you are thinking about investing somewhere and trying to build your own portfolio. Remember, they cannot make your decision, but they can surely help you out with evaluating your circumstances and giving you the options where you can choose from.
  2. Involve Yourself:
    Getting financially educated does not mean just studying but rather involving oneself directly, making monetary investments, finding out about the market status and looking for financial opportunities. Also, you can start saving for your retirement, weddings, children education, etc.
  3. Keep a proper track of your spendings and investments:
    It is vital to keep track of every penny you are spending and investing. This will genuinely help you construct what you call a “good financial habit”. It will also give an idea of where and how to invest, which will further develop over time and how to save more money for yourself and your family.
  4. Develop a proper plan:
    It is never too late to start. Create your next five to ten years retirement plan and divide them into small goals. Try to achieve those goals one after the other. This way, you will be able to give life to your financial plans. You can also attend ACCA lectures; it will give you an idea of how to do proper financial planning.
  5. Attend seminars, lectures and short term courses:
    Attending seminars and lectures presented by professional financial advisors will help you immensely with your savings and investments. Also, you can also enrol in short term courses offered by various institutions. Global APC is one such institution that offers various financial courses.

Having knowledge about your own cash flow is very essential to become financially accomplished. This way, you can save more and make the most out of your income. Having financial freedom is what a person thrives for, and being financially literate is the way to make that possible. Study ACCA with Global APC and gain more knowledge on the current financial trend and the market.

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Accounting is one of the majorly studied subjects, and there are various available methods for studying this subject. Still, the essential part is what can bring you a successful and proper result. But to learn this subject, it is crucial to have enough dedication and willingness to do the hard work it requires.

The exams offered by notable institutions on accounting are to ensure that you possess enough knowledge about bookkeeping, related terminologies and the subject itself. Here are some suggestions that have already helped enough students preparing for their examinations:

  1. Properly follow the textbook:
    Studying an accounting textbook is not the same as studying any other subject. For example, if we take history, if 90 per cent of the information is acknowledged by you, then your success rate can be moderate to strong, but on the other hand, it does not apply to accounting. You will have to understand every chapter and build on it to decipher the whole book. You will likely become totally confused if you skip the first two chapters and start with the third one, and the same will happen in case you have not understood the first two chapters properly because each chapter in the accounting book is closely linked with one another.

A plausible way to deal with this issue is to make yourself, or another person understand this concept rather than reading the concept again and again. Also, by working out the problems and learning about how to apply, you will be able to clearly understand what the chapter states. And don’t worry, most of the accounting books have problems which will help you understand the topic more profoundly. Also, you can take assistance from #ACCA lectures.

  1. Understanding the reviews and finding out drawbacks:
    For analytical courses like accounting, it is vital to regularly review the contents and solve problems. Remember that accounting is not a theoretically dominant subject. You can easily forget all that you have learned if not practised regularly. To find out your weaknesses, you have to keep on reviewing yourself.

The chapters you have studied can be revised regularly on a weekly basis. Also, keep on reworking on those problems that make you struggle a lot. Reviewing on a regular basis will keep the analytical information in your brain for a long time. You will also be able to understand whether what you have studied has been infused correctly in your brain or not.

  1. Use strategy in exams to perform well:
    To perform well in the accounting examination, you should create a proper strategy. Without any strategy, it is highly likely that you are going to stumble a lot. With that being said, you should read the questions carefully and identify what you can solve without getting hindered and the first attempt those questions. This will also boost your confidence during the exam, which is an important factor to perform well in the examination.
  2. Gathering adequate study material:
    Sometimes students perform poorly due to not having enough resources and study materials. Thus having adequate resources and proper study materials is very important, as well as organizing them so that your concentration remains intact while studying. Nowadays, there is a repository of information available on the internet, especially if you have enrolled for #ACCA online study courses.

Overall it is essential to plan every step and organize your thoughts and critical concepts before attempting the exams. Global APC offers lectures and resources which covers everything from studying, planning and even exam preparation. So, check us out for more details and #Study ACCA with Global APC to get assured results in your ACCA Examinations.

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As an accounting student, you will understand the sheer value of the end of the first six months of a year, considering so much that has to go down the accounting sheet for a smooth transition towards another six months of the year. While accountants fret about such a crucial subject, the ACCA accounting course can equip you with the right amount of knowledge, skills, practice and expertise to deal with this essential transition period as a confident individual.

In order to help you understand what does an accountant need to know before entering those freakish figures inside the records, we have made a checklist that the ACCA accounting course trains you in:

  1. Maintain Proper Bookkeeping
    Never ever take your time for granted. Whether it’s a rush hour or you are incredibly free for the rest of the week, never miss even the slightest detail in your bookkeeping entry. The daily business, whatever it might be of, deals with multiple transactions and, however tiny the amount is, records every bank or cash transaction, whether payments or receivables. While you count every single translation, make sure you haven’t double-counted any entry.

If you are an ACCA student or have by chance attended any #ACCA lectures, you will know that in inventory management, how much you have on hand assists you while pointing discrepancies in the balance sheet and inventory value whenever necessary.
So, always review bookkeeping and update the records on a daily basis so that you can flag inconsistencies and save time.

  1. Conduct In-depth Budgeting
    An in-depth budgeting process is where expenses for smaller periods are broken down into segments, and every investment, however, small-scale, is noted. In-depth budgeting might not be a practice in every organization, but it is an excellent way to manage finances in that it helps one keep track of savings, expenses, daily profits, losses, and more. One can quickly achieve weekly goals through in-depth budgeting and set long term plans based on the available income for expenditure. In-depth expenditure can also be discussed with others in the team to discuss prospective ideas, and people can share their insights towards potential changes in the company’s financial operations.
  2. Regular Tax Planning
    By regularly checking into the company accounting figures and financial statements, one can foresee profits, losses and available investment amounts. One of the best strategies for planning your taxes is to make purchases earlier for the upcoming year as this can lower the organization’s taxable income; one can also defer from sending invoices to their respective customers till the next month so that the taxable income can be lower than what is sent in the current financial year. More new techniques can be added by the accountant themselves as they start practising regular tax planning.
  3. Reinvent Your Strategy
    Reinventing our strategies once in a while includes reflecting on areas that need more focus and realignment. Accountants are constantly bogged down by some of the other kind of an issue that affects the goals of their business, so a reinvention mid-year is necessary. One can reinvent and restrategize business plans by creating specific and measurable goals aligned with our annual budget.

At Global APC, we offer a wide range of expert trainers that deliver the best ACCA learning through integrated workbooks, study materials, mock papers, tutor notes, and more. If you want more information about #ACCA online study, check out our website and #Study ACCA with Global APC !!

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ACCA is an association of accountants who are globally recognized as an accounting body that certifies Chartered Accountants officially. Founded in 1904, ACCA is headquartered in London with administrative offices in Glasgow.

ACCA Certification is one of the most reputed courses in Accounting and Finances and amounts to a university degree in itself. In the last few years, ACCA has managed to emerge as one of the most in-demand accounting subjects owing to its multidisciplinary approach as it trains the learners into multiple aspects of finances, preparing them for diverse industries and career options. In today’s dynamic business environment, ACCA professionals can earn more than ordinary finance graduates because of their solid grounding in financial management. The course curriculum is so well developed that ACCA professionals don’t find it challenging to switch from one field to another within 1 or 2 years of the job while earning higher salaries than their colleagues.

Chartered accountants can easily find jobs in banks, corporate firms, tax agencies, government financial institutions but some of the highest paying career opportunities for ACCA professionals are listed below:

  1. Compliance Officer
    Compliance Officers are highly paid government officials managing the helm of affairs. They are tasked to take care of the legal, advisory and decision-making procedures of government offices and public works departments. It is a senior managerial post concerned with overseeing that the company or government institution complies with the regional and/or national laws, treaties and tribunals. They also formulate, regulate and maintain internal laws, bylaws and policies.
  2. Chief Financial Officer
    CFOs at the directorial position are one of the highest-paid ACCA faculties, but that depends on the interpersonal capabilities of the professional other than the work experience. CFOs need to be proactively involved in financial decision making, supervising all financial reporting of the organization as the CEO's right-hand man. CFOs have to be keen observers and analysts, so they predict quarterly projections, plan the company’s investments and deliver annual targets.

Corporate Controller
The designation sounds new, but the job roles and responsibilities are something chartered accountants are pretty familiar with. The primary goal of a corporate controller is to prepare the company’s annual budgets, prepare internal and external financial statements, oversee cash flow, assess audit operations and coordinate accounting in various organisation departments.

  1. Accounting Manager
    As the name suggests, Accounting Managers create, develop and maintain financial data systems in an organization. Their central role is to collect, collate, compile, analyze, and prepare financial figures to produce usable information into reports. They also suggest accounting policies and regulations to the Compliance Officer.
  2. Financial Analyst
    The job of a Financial Analyst combines both a Social Science Student and a Commerce Student, speaking in a layman’s language. A financial analyst must be as good with literature as they are with numbers. They should work with numbers but be equally good at processing qualitative data because they are required to evaluate market trends, user experience, customer behaviour, psychological parameters, and so on, which might not be measured in terms of figures but raw data consisting of textual information. Therefore, the job of a Financial Analyst is to pay careful attention and invest interest in preparing rundowns of this raw data to arrive at plausible business solutions, ideas, strategies and microeconomic aspects of finance that can be turned into business growth plans for the organization.

Do any of the above professions sound interesting to you? Are you and #ACCA online study learner due to taking exams soon? Have you watched Global APC’s #ACCA video and #ACCA lectures? Please share your views with us!

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ACCA students from all around the world from June 2021 are going to be appearing for Strategic Professional in an altogether different manner than usual. Although the content remains the same, the examination pattern will change - which means the preparation technique should also need to change a bit from the present one.

Starting 2021, ACCA’s Strategic Professional Examinations will be held in the CBE Format and no more in the paper-based one, which is a piece of instant good news for those who struggle with illegible handwriting. Now, all you need is lightning speed in typing, which almost all of us can boast of, thanks to smartphones that accelerated our texting potential. In the CBE Format, one can just type in answers and easily correct mistakes in calculations by simply altering the formula. But, isn't it sounding too easy? Let’s see what all you need to prepare for the CBE Format:

Improve Technical Skills
This is pretty obvious, particularly for the ACCA Classroom Learning Programme students who haven’t much exercised their technical skills. Since the examination style is moving to a CBE Format, students must be well versed in the examination platforms, which can be similar to MS Word and MS Excel. 24/7 Tutor Support at #Study ACCA with Global APC would help you understand the technical requirements for CBE Format and all essentials for the papers. While students who have already been in #ACCA online study courses are already familiar with a virtual learning environment, they need to be more careful of not making mistakes in a hurry. A day before the final exam, make sure you have read the CBE platform’s instructions carefully so that you can be confident while writing the CBE Format examination for the first time.

Arrange Study Materials
This might be the most obvious requirement, but we want to ensure that you have everything you need before writing your examinations. Sometimes we are so busy attending classes and submitting assignments that we never really get the time to compile our notes according to the topics. So, three weeks before CBE Format starts, remember to download all #ACCA lectures and #ACCA videos and keep them in separate folders to ease your revision process.

Boost Your Strategy
CBE Format sounds easy because learners only have to type in the answers, enter the formula and fill up blanks. But is that it? How can you guarantee that your fingers would be racing against the keyboard once you sit down inside the examination hall and the clock starts ticking? For you to write, you must know. This is what we are trying to make you understand - good knowledge is the key to good answers. Good answers inside the examination hall come to those who are well prepared and can manage time effectively. #ACCA online study courses at Global APC (https://www.globalapc.com/) can help you with excellent exam preparation, but time management can be done only if you solve as many mock papers as you can. So, boost your strategy and solve mock papers so that your mind is trained to run as fast as your fingers on the keyboard.

Lastly, we want to say that whichever the ACCA Examination Pattern is, you will ace it as long as your preparation is excellent. We wish you great luck with your ACCA papers. May you come out with flying colours!!

Global APC Provides one of the best available study guides and materials from a wealth of resources for #ACCA online study, and you can check them out at our Study Platform: https://www.globalapc.com/study-platform.