Students need to understand that accounting is political
You may think that accountants have no business meddling in economics and politics because their job is to report objectively…Read More
Read moreIFRS
International Financial Reporting Standards
IFRS (and previously IAS) are accounting standards issued by the IFRS Foundation, a not-for-profit organisation. The standards are developed by the International Accounting Standards Board (IASB).
More tips on teaching measurement
Accounting students are understandably keen to put numbers next to everything. But often our students don’t understand why and how…Read More
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Classification
When accounting students understand that classification of assets and liabilities is an important step towards deciding how to report events, then they appreciate the importance of professional judgement in accounting. Here are some tips for teaching classification.
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Top 5 most confusing things about accounting
At Accounting Cafe we’re discussing how we help our students ❤️ accounting. Accounting terms that we take for granted are…Read More
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The nature of income
Dictionaries, from an accounting perspective, invariably provide an incorrect and conflated definition of income.
Read more Explaining “qualitative characteristics” from the IFRS Conceptual Framework for Financial Reporting
Helping students to understand, rather than just memorise, IFRS principles The IFRS Conceptual Framework underpins what international financial reporting standards…Read More
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