Harry Mac Master Institute - ACCA & CIMA Studies

CIMA/ACCA Classes - 2025
Full time/ Part time classes
Syllabus/Revision Classes
Personal/Group Classes,
Home Visit/ minimum 2.5 Hrs per secession
Any Subjects/Any Level/Friendly approach
R.Sutharsan(ACMA/CGMA)
0741614869
Whatsapp 0774166380
Email address : [email protected]
246/3 Temple Road Nallur Road Jaffna

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How HR approaches in the selection of right candidates,
My view is learn while you are earning,
Experience is more than what you learn from text books, its about the learning about the people, cuture and social behaviour and the recognition in the society.
The success starts when you are loyal to your own self, you should understand about your interest and skills to match with your career desires
ambitions to progress and will start to do achievements in your life.
Achievements will be the starting point to define yourself and it will highlight you from others.
Today's scenario, if you apply for a job the first filter by systems,
system check the level of match with various factors such as location, experience, educational qualification, your interest, etc
if you are filtered with some form of match with the system then only human Resource staff(physical check) will start assess the suitability and match for the particular job, if you are successful they might call and have a informal chat, usually Human Resource Staff are good hearted people to talk nice and keep in mind they invite you to informal chat start talking to you with the intension to find best applicant from the number of applications they rereceived, attention speak
So what you should do for your job search?
1) Job vacancy requirement
a) Job Designation - have any similar potential in the past(experience matters)
b) Qualification - Financial/Management Accountant, over qualification still disqualify from selection process, they believe you will move to anothher job
c) location - reporting station from your home
d) Nature of work - full time/part time and Saturday work and your availability.
If you are a student they know your focus will be part and partial and your commitment will be less on work
e) gender - they may say they are not but of course, it's all about their productivity of job requirement
f) race and culture - definitely overrides when it comes to selection,
Cheers be ready with your cv.

Harry Mac Master Institute - Untouched Magazine - Vol 3
What you can gather from Business Law,
Subject to look at its main feature of an Business Entity and its Contractual Agreements between its customers and various stakeholders and the importance of its business promises and how it turns into breach of contractual agreements and the main consequences of breaching the contractual agreements as an business entity,
A Business Entity is defined as an entity which is incorporated as a separate legal entity on its legal territory(location to which the legal laws subject to) and by virtue given powers to operate within its legal territory to undertake its registered trade activities as per companies act,
Business entities enters into various forms of contractual agreements between its main stakeholders such as customers, suppliers, shareholders, employees, environmental groups, financial institutions and the local council where its operate from,
Customers - Business Entity gives various kinds of business promises to its business customers by nature of its trade and by entering into effective sale to its customers,
Product should be fit for the purpose of its use, and features should be listed upon sale and failure to use the product for its purpose of use will become as a breach of contractual agreement and the customer can sue against the company for any kind of losses he incurred by entering into an act of sale with the company.
If a professional Institution undertakes an educational activity such as professional course, the institute should specify its course limitations(which stage of the course,who will conduct the corse,and his professional background and qualifications and the timelines of the professional course when it commence and its duration and the contents of the professional course ) in advance and accordingly the students gather the given promise (course content/course material as per leaflet) and enters into an contractual agreement, (any deviations which can harm the course conduct can terminate the contractual agreement and may lead to legal losses to the institute,not properly conducted with the contents ( professional standards, not conducted by the course by a professionally competent lecturer/ Course material not issued as per promised in the leaflet/ the environment is not good for undertaking the course(too noisy) or even like study leaves not given as per plan to prepare for the examination etc.
Suppliers - credit periods and credit limits to be obeyed and returns should be as per legal clause and should be clearly documented and accouted for.
Shareholders - The business entity should make sure that it undertakes various forms of business activities to maximise its promise with in listed sale of activities. Maximise the wealth and capacity utilisation and safeguarding of its assets while conduct of its business activity), employees - lectures and other supportive staff should be given their legal entitlement of pay and privileges such as working environment.
Say for example restroom facilities, washroom facilities, pieceful place to conduct classes, provided with enough supportive support to minimise/avoid disruptions,
Environmental groups - parents and well wishers will be frequently updated with the progress of the course and the benefits and entitlements to their children and other responsibilities such as go green policy and less paper work etc.
Financial Institutions - Loan installment payment with interest should be paid on a timely manner by conducting various courses and may also arrange installment facilities to students, by this the financial institution, students and the institute will be benefitted with various forms.
Local councils - professional course may enhance the competency level amoung the youth but the conduct of professional institute should not be too noisy or should not pollute the environment on its various forms of activities.
Businesses can advertise(Invitation) their products and services for publuc awareness purposes have its own social responsibility and ethical standards to give promises as per what they really do in their business activities will try to avoid business conflicts when it comes to trade activities, if the business fails to provide main form of business promise when it conducts its business activity it may be taken as breach of condition unprofessional person can not be a lecturer because he may not have that professional competency or update of the professional course content ethical guides and code of conducts etc.
But warranty does not impact the termination of the contract but can lead to discomfort and will bring some forms of damage to the image of the professional institute and financial losses.
Course may not be conducted in a air-condition environmen
In India main interesting judgements were given recently it is reasonable to expect a leg piece of the chicken in buriyani,contains with a leg piece, otherwise negligence of duty.

Harry Mac Master Institute - Initiative - Untouch magazine - Discussion/Insights NPV
Your understanding about NPV?
abbreviation NPV? Net Present Value?
Projected/Forecasted Cash Flows?
Wait ? here we go? Assumptions ?
Discounting Factor?
Attention, please,
Todays money value is not equivalent to tomorrows money value, accomodate the future cash flows (tomorrow's and subsequent cash flows) in todays money value.
Accomodate/consider the inflation as per prediction/assumptions level
Main streams of outflows(expense) of cash flows and the recovery of cashinflows over a period of time?
To build Highway Infrastructure?The firstt few years significant cash out flows to build the highway as per set of standards, and understand the total spending on the project over year on year until completion, and then highway maintenance cost,
The mainn stream of income may be through the contractual agreement between the parties (government and the organiser of the project)
Initial payment may be by budget allocation and then to continue with the amount received from the use of specific Infrastructure(highway) by highway usage charge collected from terminals of use by year on year(cumalative amount as per predictions of use of the highway by various tools and techniques such as number of vehicles, percentage use of highway versus main roads with comparison level of traffic and the additional time,fuel and labour or the enhanced level of any additional trips by the use of highway.
Then, the main stream of outflows and inflows of cashflows will be discounted to see the net effect of the project feasibility/viability.
If the projected cash inflows are greater than the projected outflows then the project is said to be viable and can be undertaken subject to other objectives such as stragic importance with the trust of basic assumptions made such as highway will be useful for 10/15/25 years of use, but understand that other technological improvement may challange this particular use of highway?
Cable cars, metro railways, etc

Harry Mac Master Institute for Professional Educution - Initiative - untouch magazine -
Volume 1
Private Limited companies can be incorporated as separate legal entities.
Private Limited companies are different from its owners of the business organization.
Shareholders are the owners of private limited organizations.
Shareholders take risk and return on their investments - equity - capital of the organization.
Return on investment will differ from industry to industry, as well as business plans and proposals.
Just a startup business can be financed by a venture capital - the success of the business is not certain with a startup businesses so the venture capitalist takes a high level of risk, and finance the business to grow at certain size then list the shares for trade at the stock exchange and willing to realise the value of the business, product reach/ business plan will be supported by the venture capitalist to grow with unique ideas in the target market.
Where as share holders expect by being owners of the business and equity shareholders an appreciation in the share price(constant increase in the share price over time periods as per growth perspective and size and a promising return on their investment (dividend payments)
Business organizations may have conflicting objectives among various stakeholders, stakeholders' interest will change as per their representation of the business activity,
Main stakeholders can be identified as
1) shareholders - shareholders want to realise their investment in much favourable terms,
If the management declares promising returns, then the share price appreciates over a period of time
Value of the business based on P/E ratio
Promising returns by management enhance the rise in share price as per market expectational behaviour will be the best interest of share holders.
2) Management - agents of the business organizations - execute the business plans and realise the business as per industry norms and try to achieve success of the business in terms of financial stability and sustainability of the business, the more the success of the business the more their job is secure as well if they are successful in terms of financial objectives they may be entittled for PRP(performance related pay/bonus payments as per their success level)
3) Financial Institutions like banks provides debt - loans as per the business plan and net assets, bank will be interested about the realisation of the business as per business plan and repayment of installment of loan payment with interest and further growth as a financing business partner of the organzation.
4) Employees work for the business organization, frequently expect a secured job with growth of the business organization for more recognition and privilege.
5) Customers expect the product feasibility - fit for the purpose of use - customer supports,- technological impac, and user friendly product use throught the life, after sale benefit, etc
6) Local council - expects the employment opportunities created by the particular organization, pollution impacts from the business operation, the importance of its presence in its location etc
7) competitors - competitors will be worried about the retention of market share, price war based on market share requirement, investment requirement for product research and developments and analytics about the customer base and growth perspective of the total market.
8) The general public will be interested if more employment opportunities are created with their area and the best interest to receive more product choices and tax contributions by the entity to the local councils to establish infrastructure.
9) Pressure groups-volunteer themselves and represent to protect certain values such as basic rights of woman and child rights/environment
Stakeholders may have different levels of interest and influence on the business entities
Share holders have the voting power to elect or dismiss the directors of the business organizations, if they have control over 50 of the stake or voting rights and will involve the decision making process of the business organization.
Less than 50% they may have interest but of course they can not control the business alone but they can join to represent the decision making process this is interest turns into influence when it comes to stand as cumative power.
When it comes to general public/employee opinions, individual opinions will well represent the best interests but their cumalative stand as community becomes as power to negotiate with the management as well with the local council elected representatives
Mergers and Aquisitions -
Mergers - companies collaborate with each other to become as one to avoid price competitions and also to achieve benefits such as economies of scale through large scale of operation and standardisation and specialisation and less scale of waste but mergers may also lead to product monopoly and also can act as barriers to entry as small scale operators even can not think about competing with giants of business operators within the specific industries.
Acquisitions- large organizations may sometimes acquire the small scale operators to reduce the competition and sometimes they discontinue the small growing brands which previously challenging business performers in the industry and addressed with redundancy payment and discontinueation of the operion of the acquired business will be considered as unethical.
Occasionally , as a major business acquires small businesses for growth perspectives should look at strategic fit/strategic match (cultural perspective) and autonomy of the two different management cultures should be enabled to realised the overall best.
This article is designed to illustrate Economics - chapter one.

Dear Students,
I am planning to post some of the economics topics with explanations chapter by chapter and will move forward as per CIMA (UK) syllabus,
Discipline your self with knowledge is one of the key to success.
I welcome your comments on the below,
I have two alternative options,
1) making videos (you tube) and will be able to share the link on my Harry Mac Master Institute post
2) Straightaway to share the post on Economics topic areas as per CIMA syllabus chapter by chapter.
***** Welcome your comments*****
1) * Please let me know whether if anyone is interested on my posts in the area of economics as per CIMA Syllabus
2) * If Interested please indicate your preferential option
Youtube videos/Facebook posts
3) if anyone interested on every subjects than limiting to economics, which you feel most useful as a CIMA certificate student.
4) still interested but for other subject areas, please comment below(which level and specify the subject), I will consider yourself as well.
Please subscribe my Harry Mac Master Institute facebook, for more initiatives which is beneficial for CIMA Students.
Thank you in advance,
R.Sutharsan ACMA/CGMA

Its still, Friday 01/12/2023 23:30
Do you ever heard about capacity utilisation? Sri Lankan Airlines carrier can fly to different destinations all around the world but seats are fully booked or not fully booked? If fully booked? airlines are as on plan and can meet the revenue as plan to cover its forecasted level of activity
If not booked as per its plan? Not fully utilised its capacity?Its going to fly with empty seats? Those seats are not going to achieve any sales revenue? Not as per the plan and something is going to be worse?
Think about yourself as a O/L student and just received your results on your hand and this is the time to think about your future?
prepare your self for a better future? Time is limited? 24 hours a day? Once you failed to utilised its gone, can not get back that time again? Another day? But still not too late? Utilise your time and prepare your self by being with your plan? If you believe on your Advance Level? Choose your best field? Which is most suit for you? Sri Lankan Airlines can fly anywhere in the world but we choose as per our requirement and interest? To fulfill our holiday requirement/plan or else to migrate to a different world for a short period of time to earn and settle down our life? Same for you? What is your common interest and what is your plan which field will give you the most mental satisfaction and fulfill your inner search of meaningful life? Choose your destination and start your journey? What you are going to achieve in your life? Any ambitions in your life? Allocate some time to read books, may be novels and understand the characters and what they realised or achieved in their life? Best selling novels and reasons behind their success stories? Artists? Pain of real life can give you a way?while you read allocate your time for your future goals? Consistency is important? Practice daily? Stat today? Be the achiever for your A/L
You are the reason to build your own competency level? Practice makes sense? GOOD

Risk Management by R.Sutharsan (ACMA/CGMA) Please find the link below

Risk Management RISK MANAGEMENT - BY R.SUTHARSAN (ACMA/CGMA)

Dear Sri Lankan Students,
I am aware about the prevailing economic condition in Sri Lanka,
I am also aware about the importance of professional education, which enables you to acquire the professional skills and expertise to specialize in a particular area,
I invite and offer you all to follow professional course in accountancy either ACCA/CIMA conducted via ZOOM as a FREE OF CHARGE,
If you are interested
Please email to [email protected] on or before 05/06/2022
Please mention your name, what's app contact number and which subjects you are interested to follow,
I encourage you to make utilise your idle time to learn basics in professional accountancy.
Thank you
R.Sutharsan (CIMA/ACCA)