ACCA P4 Advanced financial management - Interest rate swaps

I have been working as a financier for 20+ years, but I have never used swaps in my practice. It is a very interesting way to fix financial costs, but Ukrainian banks do not provide such services. I read about the swaps in P4 exam textbook. It seems that P4 examiner also likes the swaps and puts it into exam questions.

The first interest rate swap occurred between IBM and the World Bank in 1981.

ACCA P2 Dec 2007 Q 4 International conceptual framework

The question 4 in ACCA P2 exam tends to be easier than 2 and 3 in section B. It is usually a current issues question. To be highly scored on this question, you need to plan your answer, use the headings and short paragraphs for every sensible point.

Question 4 December 2007

International conceptual framework

25 marks * 1,8 minutes = 45 minutes.
15 minutes to read&understand question requirements and plan the answer
25 minutes for write 25 reasonable points
5 minutes to revise the completness of your answer under plan

You can download the past exam papers www.accaglobal.com

Q4 The IASB has begun a joint project to revisit its conceptual framework for financial accounting and reporting. The goals of the existing frameworks and converge them into a common framework.

Required:
a) Discuss why there is a need to develop an agreed international conceptual framework and the extent to which an agreed international conceptual framework can be used to resolve practical accounting issues. (13 marks)

b) Discuss the key issues which will need to be addressed determining the basic components of an agreed international conceptual framework. (10 marks)

Appropriateness and quality of dicussion (2 marks)

Q4 (a) 13 marks

(1) Convergence

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.

Думки про духовність, історію, науку і не тільки...: 10 самых успешных христиан

Думки про духовність, історію, науку і не тільки...: 10 самых успешных христиан: Сегодня часто можно услышать, что христианин должен быть успешным. Что значит успех в современном мире? Что важно в человеке, что являетс...