Jhanzayb (ACA)
Strategy Implementation in Strategic Management MEANS Implementing the chosen strategies i.e the 3rd Element of ‘Strategic Management’ by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three Elements: Strategy Implementation in Strategic Management – Three Aspects It MEANS Implementing the … Read More
Strategic Choice in Strategic Management STATES Identifying different possible strategies that the entity Might adopt and Making a choice of the preferred strategies i.e 2nd Element of ‘Strategic Management’ by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three Elements: Strategic Choice … Read More
What is Strategic Position STATES an Analysis or Assessment of the Strategic Position of the entity i.e the first Element of ‘Strategic Management’ by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three Elements: What is Strategic Position? An ANALYSIS … Read More
The three Levels of Planning in Management by R N Anthony are Strategic, Tactical and Operational. Levels of Planning in Management Planning is a HIERARCHICAL activity, linking strategic planning at the top with detailed operational planning at the bottom. Strategic plans Set a framework and guidelines within which More detailed … Read More
What is Corporate Level Strategy i.e. the Strategy which CLARIFIES what businesses should we (an Entity) be in? What is Corporate Level Strategy? It is Concerned with DECIDING which business or businesses an entity should be in and setting targets for the achievement of the entity’s overall objectives. 1. Elements … Read More
Fair Value through Other Comprehensive Income STATES that ‘Financial Assets’ are Classified and Measured if they are held in a Business Model whose objective is achieved by BOTH collecting contractual Cash-flows and selling financial assets. IFRS 9 – Financial Assets at Fair Value through Other Comprehensive Income (FVOCI) 1. Debt … Read More
What is the Difference between Assets and Liabilities? a Concept that STATES ‘Assets’ as Economic Resources owned or controlled by an entity to provide future benefits, AND ‘Liabilities’ represent the Obligations or Debts owed by an entity to external parties. Assets (As Per IAS 1) ‘Assets’ are Economic Resources owned … Read More
Reversal of Impairment Loss is INCREASING the value of a previously Impaired asset when there is a change in circumstances indicating that the ‘Impairment Loss’ is NO longer necessary. What is Impairment? (As Per IAS 36) Impairment OCCURS when the ‘Carrying Amount’ of an asset, such as property, plant, equipment, … Read More
IAS 16 Cost Model Vs Revaluation Model STATES that ‘COST’ Model values assets at their historical cost less accumulated depreciation, while the ‘REVALUATION’ Model allows for the upward or downward adjustment of assets Carrying Amounts based on their fair value (FV). IAS 16 – Cost Model ‘Cost Model’ is a … Read More
The Going Concern Principle in Accounting ENSURES Financial Statements reflect the assumption that the business will continue to operate in the foreseeable future. It is based on the idea that Co. ‘Financial Statements’ should REFLECT its ability to Meet its obligations and continue operating as a viable business entity. Going … Read More