Inside ICAS: Mark Allison - Quality through Education

Student writing on paper
Mark Allison By Mark Allison, Executive Director, Education

9 November 2015

Mark Allison, ICAS Executive Director, Education explains his role at ICAS and the high standards behind a CA qualification.

A few years ago we were teaching an introductory accounting class and feeding back results of a mock exam. The class had done particularly poorly. One student, with a straight face, announced that it was not possible for him and the rest of the class to have done so poorly as they had all been on a firm’s internal training course where they had been told every day, to the soundtrack of Tina Turner, that they were “Simply the Best”.

ICAS is world-class – but how do we prove it?

If you read corporate strategy documents, including ICAS straplines, you will see much use made of superlatives. Can ICAS really claim that the CA Qualification is world-class, gold standard, premium, excellent or indeed “Simply the Best”?

ICAS has 20,000 members who work in over 100 countries and much of the activity of the ICAS Boards, Committees and Executive Team is based around the maintenance of quality. To ensure high standards of quality ICAS needs benchmarks to measure against.

My role as Executive Director of Education

One of the principal responsibilities I have as Executive Director, is to ensure that the CA qualification is benchmarked against and meets or exceeds all reasonable comparable standards. Firstly I need to find these standards, and then to ensure that the benchmarking is thorough and objective.

This is important because the CA qualification needs to travel with you, as future members, to wherever your career takes you. It would be distinctly unhelpful for you to arrive for a new job in Berlin, Hong Kong, or Toronto and find that the qualification you had worked so hard to achieve, was not recognised.

A commitment to quality

Over the years we have developed our understanding of what it means to be able to claim high quality standards. At the simplest level this revolves around the number of reviews and checks on technical material. And sometimes we have not made enough of those checks and annoying errors appear.

On the wider scale, however, we are one of the few Institutes in the world that reviews and changes its syllabus every year. We also update the underlying teaching materials and exams annually as well. This makes the content and assessment of the CA qualification current - not something that all Institutes can claim.

Some years ago ICAS brought in the position of lay members to monitor the activities of boards and committees. These individuals are independent of the staff, and the members, and cast their professional oversight on what we all do. A simple application of Good Corporate Governance practice perhaps, but also an opportunity for ICAS to learn from the best practices existing in other arenas.

Independent recognition

We took this approach further in 2013 by becoming a credit rating and awarding body on the Scottish Credit and Qualifications Framework (SCQF). This puts the CA qualification, and its component parts, on a footing with other qualifications that you already have. To achieve recognition on the SCQF requires quality assurance procedures, with independence and objectivity in areas that caused ICAS to review and refine our processes. Look around and you will not find many other professional accountancy bodies having their qualification recognised on an independent national qualification framework.

Defining standards for the profession

Further afield in Europe, ICAS, and I was there as they say, was a founding member of the European Common Content Project. This provides a benchmark standard around Europe for professional accountancy qualifications incorporating bodies in Germany, France, Netherlands, Italy, Belgium, England, Ireland and Scotland. An ICAS view in such an initiative was not to accept a standard set by others but to take a leading part and to define the standard. That is something we still do 14 years later. We hope in the near future to expand this group to other European countries.

And it’s not just in Europe. Throughout the world we have a number of reciprocity agreements. These mean that the CA qualification is recognised formally by an Institute (and in some cases a government). To achieve such reciprocal agreements requires the setting up of an initial benchmark, and the measuring of a qualification against it. We have always taken a leading part in developing the benchmark then ensuring that the CA qualification matches it and in holding others to account to ensure their qualifications achieve the agreed standard.

And on other stages too we ensure we meet appropriate benchmarks. The UK Government through the Financial Reporting Council annually audits our qualification against the requirements of the Companies Act. The worldwide body of accountants, IFAC, regularly reviews the CA qualification against International Education Standards. One of my proudest achievements was, as Chairman of the International Accounting Education Standards Board, guiding the rewrite of those standards.

Simply the best? – well, quite probably, yes.

May 2018

Monday 14th May: The moonwalking bears of finance and other warnings

Would you notice a moonwalking bear if it danced in front of you? Seems like something that would be hard to miss, doesn't it? What about a risk to financial stability that might be hiding in plain sight?

As opposed to 'iceberg' risks, which lurk under the surface of markets, these so-called 'bear' risks are apparently obvious but largely unnoticed or ignored. The name comes from an old Transport for London (TfL) campaign about awareness and distraction, which you can view below.

The Executive Director of Financial Stability at the Bank of England, Alex Brazier, has issued a warning about potential 'bears' i.e. the risk of low returns on investments impacting corporate debt.

He highlighted corporate bond investors willing to engage with riskier assets for the chance of a higher return. This practice is an example of unusual investor confidence and could have the knock-on effect of large sell-offs in the debt market further down the line.

Speaking at the London Business School last month, Mr Brazier said: "In global debt markets, investors seem to be willing to take the same risk for less compensation. Appetite for risk-taking has increased."

Economists are on the lookout for what might cause the next financial crisis. Could these grizzly bears be the big threat we're missing?

Watch the video and test yourself!

Get in touch

What are your thoughts on risk versus potential return? Is corporate debt a bigger issue than it seems? Tell us what you think @ICAS_students on Twitter or email studentblog@icas.com.


In today’s blog, we offer advice for your achievement logs, insolvency for TPS and TPE and debits and credits in FA. For those sitting TC finance, we have the formula you need to calculate weighted average cost of capital. We also take a look at the ICAS Challenging Conversations theme on pensions and detail what your next steps should be if you ever get hacked.

Back to basics: WACC

Are you familiar with the weighted average cost of capital? The calculation of a company’s cost of capital appears in Module 12 of the TC Finance course, and we go back to basics on the formulas.

Helping you tackle DEAL and CLIP

One of the fundamental accounting concepts taught in Financial Accounting is the dual aspect, which gives rise to ‘debits and credits’. This infographic will help you navigate the first progress test.

How to complete your achievement log

Your achievement log is not a hurdle at the end of training - they are your personal account of everything you’ve learned and achieved at your training firm. Here are some useful tips and tricks to help make completing your achievement log that little bit easier.

Back to basics: Corporate Insolvency

Read our back to basics on corporate insolvency for a great summary on types of voluntary liquidation and more.

What to do if you’re hacked

Having your privacy invaded is a horrible experience and can put you at risk of identity theft and financial fraud. Your priority should be trying to limit the damage with these five tips.

Five questions that need answered on pensions

Pensions iss the first big issue that ICAS will debate as part of our Challenging Conversations initiative. Are you up to date with how much you need to save into a scheme to ensure a suitable retirement?


Monday 7th May: Afin lessons in new Asda-Sainsbury's supermarket merger

Green and orange are mixing together in a supermarket sweep of the grocery industry, as Sainsbury's and ASDA prepare to merge in a £15bn deal.

The new partnership will bring nearly a third of all supermarket revenue in the UK under one umbrella, a move which has heightened fears of store closures, job losses, and competition dominance.

For customers, this could be great news as the businesses aim to cut the prices of goods across both stores by doubling-up on product buying power. However, the Competition and Markets Authority (CMA) is being urged to consider the impact on both suppliers and competing supermarkets.

The terms of the merger were released to the public last week, showing that US retailer and ASDA parent company Walmart would be left with a 42% stake in the new combined company, which is predicted to overtake Tesco as UK market leader. The merged group will have control over 2,800 stores and 31.4% of UK groceries.

Interestingly, the current CEOs of both ASDA and Sainsbury's have previously worked with each other's brands.

The competition watchdog has not yet confirmed whether they will launch a full investigation into the deal, though several politicians have deemed it necessary.

Mergers are covered in TPS Afin modules.

Get in touch

Do you think Sainsbury's and ASDA will be able to maintain their current store and staff numbers? What TPS or TPE issues could potentially arise from this merger? Tell us what you think by emailing studentblog@icas.com or tweet @ICAS_students on Twitter.


In today's blog, we dive into pre-course work for modular students sitting TPS soon, and get to grips with TPE exams, including an FAQ of what you need to know on the day, and how to prepare materials you can take into the exam. We also look at how to develop the important skill of assertiveness and maintain a focus on wellness during your studies. Lastly, creating memorable or unhackable passwords can be the bane of your life - here are five tips to create a great one!

Tackling TPS pre-course work 

In a recent post we looked at TPS Assumed Knowledge work for TPS Modular students. Here we look at the TPS Pre-Course work for TPS Modular Students.

How to demonstrate your assertiveness in 15 ways

You may already be a few years into the world of work or just starting out with your training firm, but assertiveness is a skill that will help you at every stage of your career.

Final preparations to material to take into the TPE exam

Now that your block 2 classes are finished you are well on your way to the final TPE exam. TPE Level Controller Cat Devaney shares her important pointers on what material you can take into the exam and how to use it.

Five tips for a better password

You may already be a few years into the world of work or just starting out with your training firm, but assertiveness is a skill that will help you at every stage of your career.

What you need to know about TPE exams: FAQ

We speak to the Examinations Manager, Hayley Reid, about the most common questions related to the TPE exam, including what you should take into the exam, appropriate ID, and how you will receive your exam results.

Five wellness apps for students

Hectic schedules, looming deadlines and commitments outside of work and class can leave little time to worry about yourself and the toll day-to-day life might be taking. If you find yourself sleeping less, eating takeout more, or feeling anxious on a regular basis, some of these apps might be worth a try.

April 2018

Monday 30 April: With great power comes great responsibility?

CAs interested in corporate social responsibility (CSR) and sustainability may be interested in a recent £3.2m pledge to the Paris Climate agreement from former New York City Mayor Michael Bloomberg.

The Founder of Bloomberg LP and Bloomberg Philanthropies has committed to donating $4.5m (£3.2m) toward the Paris Agreement, an environmental pact between over 180 countries designed to curb rising global temperatures by reducing greenhouse gas emissions.

President Trump's administration withdrew the US from the deal in June 2017, citing an unfair expectation to provide $3bn in 'climate finance' aid for poorer nations to meet their targets among other economic concerns.

Mr Bloomberg has been a vocal supporter of the Paris Agreement and was reported as stating: "I want the world to know that the US will meet its Paris commitments and that through partnerships among cities, states and businesses we will seek to remain part of the Paris agreement process. We are already halfway there and we can accelerate our process further even without any support from Washington."

His recently announced donation aims to cover the previously promised US contribution to the UN's climate change secretariat. Bloomberg Philanthropies also pledged $15m to the United Nations Framework Convention on Climate Change (UNFCCC) last year.

He told CBS: "America made a commitment and, as an American, if the government's not going to do it then we all have a responsibility... I'm able to do it. So, yes, I'm going to send them a cheque for the monies that America had promised to the organisation as though they got it from the federal government."

Many US states and cities prescribe to their own clean energy and emission targets, partially motivated by tax incentives and energy efficiency goals. These individual dedications set an interesting precedent for CSR activity that goes beyond legal requirements.

Get in touch

Do you think individuals with the means to make commitments in place of government, therefore, have a responsibility? How do such gestures reflect on public figures? Share your thoughts @ICAS_students on Twitter or email studentblog@icas.com.


In today's blog, we provide study aids and guides for the upcoming TPE exams. Are you feeling overwhelmed or are your music choices lacking in concentration power? Check out our guides on music to study by and when to ask for help. We have also gathered the names of the most recent TPE prizewinners and passes in one place.

Infographic: Books of Prime Entry 

The Books of Prime Entry allow us to capture raw financial data and process it, through a journal entry, into the financial information within the nominal ledger. In turn, we can create a trial balance and our final presentation of the financial statements. This infographic takes explains the Books of Prime Entry for FR and FA, step by step.

Eight quick tips to conquer the TPE exam

TPE level controller Cat Devaney shares her timely advice on how to tackle questions and pick up extra marks.

How to prepare for the TPE exam

If you have finished block 2 of TPE then take some time to digest these tutor tips by Level Controller Cat Devaney on how to prepare for the exam.

Music to study by

Do you prefer to study with the only noise being your own breath or dropping pins? Or do you prefer a bit of background to break up the monotony? Depending on your learning style, music can be very helpful for learning new ideas and committing them to memory.

When students should ask for help

The pace is fast and the subject matter complex when you’re training to be a CA. It would not be surprising if you felt overwhelmed or stressed from time to time during your course, but you should always ask for help.

TPE 2017-2018 pass list

Congratulations to our 2018 Prizewinners and all who passed the TPE level. We've pulled together the full list of your future colleagues and fellow CAs.


Monday 23 April: What does your data say about you?

In an age where your online profile can get you anything from a date to even a job, controlling who sees that data is a huge concern.

As Facebook and Cambridge Analytica dominate headlines about personal data breaches and sharing information without consent, the way we think about our lives online is changing.

The TED Talks playlist, What your data reveals about you, showcases the expert perspective on who has your data, what it tells them, and how they use it. In the below video Gary Kovacs, former CEO of the Mozilla Corporation, shows you how to monitor what data you share on web browser Firefox.

Watch: Tracking our online trackers

In this week's blog, you can reassess your study habits and figure out how to identify problem areas. TPS students get a boost from a round-up of all our Back to Basics from the course material and a look at TPS assumed knowledge. We also look at how TC lessons apply to lottery winnings, brain foods for study and exams, and a reminder on ITP resources for the upcoming exams.

Summarising TPS: All the basics

ICAS tutors have put together a series of Back to Basics guides, infographics and support material on TPS subjects.

Tackling TPS assumed knowledge work

Aimed at students who will be sitting their first attempt at TPS exams in June 2018, TPS Level Controller Lauren O’Brien explains the ins and outs of the TPS pre-course work.

Top study tips: Part two

Part two of our popular study tips features ICAS and BPP tutors sharing their advice to get the maximum reward from your study time.

Winning the lottery: Made simple with TC

In Module 2 of TC Finance, a lot of time was spent learning about present value and financial arithmetic, which was useful knowledge for this lottery winner!

The best exam day breakfasts

Your brain needs fat, water, vitamins, minerals and glucose (carbohydrates and sugar) - in that order. Our quick-fire guide and links to easy recipes will take the stress out of nutritious eating for study and exams.

ITP Study resources

Some of you are currently studying towards your ITP (ICAS Tax Professional) Level 2 exams in April this year. We wanted to remind you about the number of resources that are available to you as you get stuck into your tax books!


Monday 16 April: Challenger banks with millennials in their sights

Fintech challenger bank Social Finance Inc (SoFi) is planning to launch debit cards and a current account product targeted at affluent millennials next month. Should the traditional banking industry be worried about smaller disruptors?

Hot on the heels of established disruptors like Amazon and PayPal announcing their intentions for similar personal banking offerings, the company revealed their version of a banking service in January 2018 and will start issuing cards to members who signed up for an account, in May.

They originally made their name in personal loans, particularly student loan refinancing for graduates in the US, and market directly to the millennial generation, offering niche benefits like wine-tastings, yoga classes, home-buying workshops and career coaching.

The wider banking industry will need to take a look at what the future holds. Are we seeing the spreading roots of an increasingly diversified financial playground, with smaller companies using technology and 'the personal touch' to compete?

Get in touch

Do you see Fintech companies outpacing banks one day? Is the diversification of financial services away from traditional institutions a good thing? Share your thoughts with @ICAS_students on Twitter or email studentblog@icas.com to let us know what you think.


In our new weekly bumper blog, we round up all the best content for your studies. See our tips for revision, resources for TC and TPE subjects, and breakdowns of what you need to know about audit thresholds and 'whole of government accounts'.

TPE in practice: Product recalls

Are you familiar with how to analyse business issues such as product recalls, and what you should look out for in terms of skills practice for TPE?

Changes in audit thresholds

The UK Government announced an increase in the audit exemption threshold at the beginning of 2016. It was confirmed that all companies classed as small for reporting requirements will also be exempt from audit. Find out how this relates to your learning and your type of workplace.

Top study tips: Part one

We asked ICAS and BPP tutors to tell us their top study tips for CAs. Here we round-up some of the best ones. Look out for Part 2 of this series coming next week on the CA student blog.

Studying for TC? Get back to basics

ICAS tutors have put together a series of Back to Basics guides and infographics on many of the TC subjects that students have found tricky in the past.

What are Whole of Government Accounts?

ABS and PAR students will be interested to read the Whole of Government Accounts by HM Treasury. But, what are these accounts and what do they mean for public accounting?


Thursday 12 April: Are you ready to go cashless?

More than one in three adults in the UK could see themselves giving up cash in the near future. New research has also shown that the younger you are, the happier you are to go cashless.

In a study for Business Insider, Kantar TNS found that 39% of adults in the UK are open to the idea of giving up cash in favour of digital alternatives. Furthermore, 17% see it as an inevitable outcome during their lifetime.

The idea is, perhaps unsurprisingly, most popular with those under 45, particularly in the 16-24 age bracket.

The rise of contactless payments in the UK has contributed to record numbers of cashless transactions. UK Finance reported last year that close to 1.4 billion credit and debit card payments were made in June alone and included more purchases of lower value, suggesting consumers are becoming more willing to use cash alternatives on small daily purchases.

This viewpoint is more common in certain areas of the country. Around half of Londoners, for example, think it is at least 'likely' that they will completely adopt cashless payments in the future. In contrast, people in the Midlands are less willing to give up notes and coins altogether.

Trends in Canada, the world's most cashless country, suggest that to totally embrace the cashless way of life, the UK needs more than a shift in perspective. Infrastructure plays an important role, with consistent high-speed broadband being a necessary requirement.

Get in touch

Would you give up cash tomorrow? How often do you use contactless payments now? Tweet @ICAS_students or email studentblog@icas.com to give us your point of view.


Too busy to eat well? Is takeout taking over your life? Check out some simple and easy recipes in today's blog, alongside some tips and resources for your TPE and ITP exams. This will also be the last time that the blog is published twice weekly - from now on you'll receive the same amount of content every Monday!

Kitchen Sink Fritatta

Resources to help you prepare for your ITP exam

Some of you are currently studying towards your ITP (ICAS Tax Professional) Level 2 exams in April this year. We wanted to remind you about the number of resources that are available to you as you get stuck into your tax books!

Cooking for the busy student - part two

Four time-saving recipes for our industrious students! Including miso noodle soup, 'kitchen sink' frittata, monster turkey burgers, and spicy chicken & avocado wraps, to free up your time for study, work or leisure.

Eight quick tips to prepare for the TPE exam

Success is just around the corner for our students and we know that you will do your utmost to achieve your qualification at every turn. If you have finished block 2 of TPE then take some time to digest these tutor tips by Level Controller Cat Devaney on how to prepare for the exam.


Monday 9 April: Are postcodes still fit for purpose in the digital age?

Do deliveries always come to your front door? Or do similar street names and confusing house numbers cause drivers to miss the mark? One company is trying to narrow down addresses and replace the postcode with a unique global grid.

Founded in 2013, what3words has split the entire world up into 3x3m squares and assigned each area a random three-word code. The idea is to make it easier to pinpoint the exact location of places that don't have a formal address or are harder to find within large postal or zip code areas.

This new system is designed as a solution for the modern era, citing drone deliveries and booming populations in concentrated areas as reasons why the good old postcode isn't fit for purpose anymore.

Chris Sheldrick, CEO and Co-Founder, told The Telegraph: “When our current addressing system was first built, it wasn’t designed for a future of drone deliveries and hailing autonomous taxis. Technology is rapidly taking over the world in which we live, and our addresses are no longer fit for purpose.

“This isn’t just a problem of the future, it’s a problem now. We’ve all felt the frustration of having a lukewarm pizza turn up at the door because it’s taken so long for the delivery driver to find us, or of being lost despite the sat nav telling us ‘you have arrived at your destination’.”

The random algorithm allocation of word codes can lead to some weird and wonderful results, which the company says makes address references more memorable. The London addresses of the Big Four, for example, read:

  • Deloitte: piles.flips.served
  • EY: reveal.trips.slams
  • KPMG: crass.wider.bunny
  • PwC: pumps.shots.hurls

You can find out your front door's unique three-word code by visiting what3words and exploring their map of the world.

what3words is already being used by the likes of Domino's Pizza, StarBoard Hotels and several African, Caribbean and Pacific Island nations.

Get in touch

Do you think your postcode is accurate enough? Will this solution help or just over-complicate the issue? Email studentblog@icas.com or tweet @ICAS_students to share your view.


In today's blog, we look at boosting your commercial awareness for TPE and go back to basics on director responsibilities with handy mnemonics. We also revisit why we favour the Casio Fx85 as our calculator of choice and recommended for use during your qualification.

TPE: Improving your commercial awareness in five steps

The term ‘commercial awareness’ refers to; your knowledge of business, the impact this will have on the industry you work in, and the clients you are doing work for.

Back to basics: the Responsibilities of Directors

The responsibilities of a company director are often tested as part of TC Business Law exam, and they are also worth remembering for the TPE case study.

Casio Fx85: why we use it

The calculator is one of the most important tools you will use during your time as a CA student, besides your brain. Our education team share their tips and tricks for getting the most out of the Fx85.


Thursday 5 April: Hey Alexa, how are my stocks?

Anyone with an Amazon Echo device in their home may have gotten used to asking Alexa about the weather, for travel updates, and to play their favourite music. But now you can also ask her for investment advice, thanks to J.P. Morgan.

Actual 'advice' might be a bit of a stretch, but Wall Street investors will now be able to request analyst reports, price targets and have other queries related to J.P. Morgan research - all answered by Amazon's voice assistant.

The new service works by allowing institutional clients of J.P. Morgan's Corporate & Investment Bank to log in and access information through a new Alexa 'skill'. Alexa will then be able to email requested information to investment clients.

Joyce Chang, Global Head of J.P. Morgan Research, commented: "This partnership seamlessly empowers our clients to access J.P. Morgan research whenever and however they choose, making it more accessible, providing a new digital platform for our research."

This is not the first joint project between the bank and Amazon. Existing collaborations include a healthcare venture, the leasing of cloud computing power, and a project to develop a special credit card for small businesses.

Get in touch

Would you trust a voice assistant to give you the right investment information? Share your thoughts on Twitter @ICAS_students or email studentblog@icas.com.


In today's blog, we delve into the intricacies of income tax in and out of Scotland, update our perspective of RegTech in the wake of a new KPMG deal, and deliver advice on keeping healthy and well-fed during study sessions.

What is RegTech and what does it do for compliance?

Regulation understanding and adherence is a key component of a CAs expertise and of the financial sector as a whole. Now it has joined the ever-expanding list of specialisms getting a technological makeover with the rise of 'RegTech'.

What you need to know about Scottish Income Tax, even if you don’t live in Scotland

From April 2018, the introduction of five bands of Scottish Income Tax (SIT) may mean significant changes in the way Scottish Taxpayers income tax liabilities are calculated.

Cooking for the busy student

Our students are completing training contracts, which are essentially full-time jobs, as well as studying hard to pass exams and build knowledge - and you need the right fuel to do so!


Monday 2 April: A short history of bank holidays

While not everyone celebrates Easter, hopefully at least some of you are benefitting from the Easter Monday bank holiday today. But why are certain days of the year flagged as a day off for bankers?

The UK Bank Holidays Act of 1871 gifted four days off to England, Wales and Ireland, plus five holidays in Scotland:

  • England & Wales: Easter Monday, Whit Monday, 1st Monday of August, Boxing Day.
  • Ireland: Easter Monday, Whit Monday, 1st Monday of August, St. Stephen's Day.
  • Scotland: New Year's Day, Good Friday, 1st Monday of May, 1st Monday of August, Christmas Day (Christmas and Good Friday were already included as religious holidays in England, Wales and Ireland).

Prior to the Act, the Bank of England is thought to have celebrated over 30 saints' days and religious festivals as breaks from work. The introduction of official bank holidays, however, was the first time secular public holidays had been declared for the masses and quickly became hugely popular.

For a short time, the days were commonly known as ‘St. Lubbock’s Days’ after Sir John Lubbock, who had championed the 1871 Act.

Over the years, more bank holidays have been added to the calendar and, though Easter Monday still isn't officially recognised in Scotland, readers north of the border can be happy knowing that they are the only ones in the UK to have 2 January off every year.

Upcoming UK Bank Holidays in 2018

England & Wales

Northern Ireland

Scotland

Easter Monday: 2 AprilEaster Monday: 2 AprilEarly May holiday: 7 May
Early May holiday: 7 MayEarly May holiday: 7 MaySpring holiday: 28 May
Spring holiday: 28 MaySpring holiday: 28 MaySummer holiday: 6 August
Summer holiday: 27 AugustBattle of the Boyne: 12 JulySt Andrew's Day: 30 November
Christmas Day: 25 DecemberSummer holiday: 27 AugustChristmas Day: 25 December
Boxing Day: 26 DecemberChristmas Day: 25 DecemberBoxing Day: 26 December
 Boxing Day: 26 December 

Source: GOV.uk

Get in touch

Do you get a break from work on bank holidays? How do you use the extra time? Tell us your plans on @ICAS_students or email studentblog@icas.com.


In today's blog, we look at the future of financial reporting and consider how new standards and technology might improve reporting overall. We also consider the differences between being busy and being productive, and go back to basics on corporate insolvency.

How is financial reporting set to improve?

The quality and content of financial reporting can be a point of some contention in the corporate sphere. What information is most pertinent to the reader? Are short-term results less valuable than future forecasting? How do the figures tie into the business plan?

Back to basics: Corporate Insolvency

Insolvency is taught at TPS Advanced Finance, and is also relevant to TPE case studies, where a company is, or may become insolvent. Read our back to basics on corporate insolvency for a great summary on types of voluntary liquidation and more.

Infographic: Busy vs productive 

Do you ever reach the end of a busy workday and wonder what you actually achieved with all that work? For many professionals, it's easy to get caught up in being 'busy' to do anything 'productive'. Our infographic looks at the difference between the two.

Topics

  • CA Student blog

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