Career development: seven steps to your success

Every student focuses on her or his studying and exams. After sleepless nights and stressful examinations, a newly qualified professional starts to seek how to progress professionally.
We are on 28000 days on the planet on average and work for 10000 of these days. Thus, it is the crucial thing to decide where you want to be?

Step #1 Establish the reasons for your move

Tax havens: excellence or fragility for corporations

Tax havens: where they are?

There is no precise definition on tax havens. The OECD (Organisation of Economic Co-operation and Development) initially defined the folowing features of tax havens:

• no or low tax;

• lack of effective exchange of information;

• lack of transparency;

• no requirement of substantial activity.

European vector for Ukraine - The Diplomatic Insight

Hello to everyone,

today my first article about Ukraine, its history and European vector was published by the Pakistany magazine "The Diplomatic Insight".

Muhammad Asif Noor, the Chief Editor of the magazine, has decided to publish Special issue of The Diplomatic Insight on Ukraine. This issue was devoted to celebration of 22nd of Independence of Ukraine.

I highly appreciate this offer to write about Ukraine. Hope you like my article))

http://thediplomaticinsight.com/magazine/septmagazine/#/8

Follow the link above and you can find my article in the pages 9-10. I use Adobe Flash Player to read it.

For someone who could not read my article in The Diplomatic Insight I post this text below.

ACCA Advanced Diploma in Accounting and Business

Advanced diploma in accounting and business

If you decide to complete the ACCA Qualification, you will be awarded the Advanced Diploma in Accounting and Business on your way to completing ACCA Qualification.

What's involved?

You will need to register for the ACCA Qualification. When you have completed the Fundamentals level exams (F1-F9) and also the Professional Ethics module, you will be awarded the Advanced Diploma in Accounting and Business. You can progress to the Professional level to continue your ACCA Qualification.

How long will it take to complete?

It's up to you, but please note there is a 10-year time limit to complete the exams when gaining the ACCA Qualification. You can sit exams in June and December at one of 380 exam centres around the world. You can complete Foundations in Professionalism before or after the exams. So you could complete this Diploma in 12 to 18 months.

How can you get your certificate?

ACCA procedure of claiming your Practical Experience Requirements (PER)

To become an ACCA member and to call yourself a qualified accountant you need to complete practical experience. You should prove that you are able to apply in the work place the knowledge which has learned in your exams. It helps to demonstrate your potential employer that you have practical skills, not only knowledge and ethical behaviour.

You can gain your PER before, during or after completing your exams. It would be great advantage if you complete your PER at the same time with your exams as it reinforces what you learn for the exams.

What is PER?

PER is a guidance for you which includes 36 months practical experience and 13 performance objectives (POs) requirements. POs are closely linked to the exams syllabus. It would be a benefit to coordinate your study and achieving POs to gain the most from both.

What is the relevant experience?

Useful Mnemonics for ACCA P1 Governance, ethics and risks

Preparing for exams, I have noticed that such enormous amount of new information is not able to be retained in my mind (!) How to improve the memory? The answer of this question is given by mnemonics. Many of teachers at Opentuition, BPP & LSBF use this technique in their lectures to improve the memorizing of their students.

I have collected some useful mnemonics for ACCA P1 Governance, ethics and risks. Hope it facilitates you to remember the relevant. :)

Ethical principles
PrOFIT

Probity
Openness
Fairness
Integrity
Transparency


Internal controls - categorisation
OPA SPAMS

Organisational Controls

• Control over the organisation structure including managers having specific responsibilities and delegations tasks.

Authorisation

• Controls to ensure that transactions do not proceed until an appropriate individual has given approval.

Physical

• Protection of assets against theft, unauthorised access or use.

Supervision

• Oversight of work of other individuals to ensure tasks are carried out correctly.

Personnel

• Controls in place to ensure the suitable people are employed.

Arithmetic Accounting

• Checking accounting transactions for accuracy, includes use of accounts and reconciliations (e.g. bank reconciliation).

Segregation/rotation

• Different people for each transaction to – Authorise, Record, Maintain physical custody of any assets (i.e. petty cash), pay for it.

Management Controls

• Control actions taken by management depending on the contents of reports received. Managers should be involved in the day to day supervision of staff.

Internal control - objectives

SCARE

Safegard Assets

Comply with Laws&Regulation

Accurate Financial Information

Reduce Fraud

Efficient Business

Corporate governance - concepts

HAIR DRIFT

ACCA Professional Ethics Module (2017 Update)

Ethics is a crucial thing for a financial professional. Its importance is not less than the knowledge and skills ones. That's why ACCA requires the completion of online Ethics module for ACCA members and students who completed the fundamental level and wish to have an Advanced Diploma in Accounting and Business.

You go to the module via your page MyACCA. You choose Ethics & Professionalism and then go to Professional Ethics Module.

If you work on PC, then you click To begin working online, click here. The mobile version is also available.

After clicking you work throughout nine units. This screenshot of my page.

Финансовый контролер: штрихи к профессии

Финансовый контролер обычно фокусируется на руководстве бухгалтерией. Чтобы возглавить бухгалтерскую функцию на предприятии, ему / ей необходимо иметь солидный опыт в бухгалтерском учете, налогообложении, финансах и контроле. Однако, сейчас бизнес вовлечен в жесткую конкурентную борьбу, которая требует быстрых и качественных реакций на запросы рынка.
Поэтому финансовый контролер больше не может фокусироваться только на управлении бухгалтерской службой. Ему/ей нужно развивать в себе новые навыки и способности. Чтобы быть успешным в этих новых условиях, нужно следовать следующим направлениям:

• понимание работы других подразделений. Одного лишь знания бухгалтерского учета и финансов уже не достаточно. Так как финансовый контролер имеет дело с операциями, которые инициируют другие подразделения, ему/ей необходимо понимать те цели, задачи и вызовы, которые стоят перед персоналом этих подразделений. К примеру, нужно понимать цели рекламной компании, предпринимаемой отделами маркетинга и продаж, необходимости внеурочной работы в производственных цехах и т.п. Такое понимание поможет компании быстро двигаться в направлении поставленной цели, когда вся команда четко понимает тактические шаги и стратегию. 
• поддержание взаимоотношений внутри компании.