Practice Question - Basic
IAS 16 | Incremental Depreciation
Accounting Studies
Solve your accounting problems here! From basic to advanced each concept will be available. If you a
Operating as usual

Section 76 Restriction of transfer of shares by the members of a private company | Companies Act, 2017
Regulation 13 of Companies (General Provisions and Forms) Regulations, 2018
Video Link: https://youtu.be/kAy4oFff8UY

Private Company | Companies Act, 2017
Explanation of the definition: https://youtu.be/6ZIEKNPxZDo
Definition of Private Company | Companies Act, 2017
Full video link: https://youtu.be/6ZIEKNPxZDo

Assistant Operations Finance Manager
BAT is evolving at pace - truly like no other organisation.
To achieve the ambition we have set for ourselves, we are looking for colleagues who are ready to live our ethos every day. Come be a part of this journey!
BAT PAKISTAN IS LOOKING FOR ASSISTANT COMMERCIAL FINANCE MANAGER
SENIORITY LEVEL Experienced Professional
FUNCTION Finance
LOCATION Jhelum Factory
ROLE POSITIONING AND OBJECTIVES
Reports to Senior Corporate Finance Manager
Reporting Level Single Contributor
Geographic Scope End market/Area/Region
What You Will Be Accountable For
- Manage the delivery of financial information and scenarios required for S&OP meetings, budget and for actuals in line with the agreed service level agreements of our customers & respecting deadlines
- Drive process improvements to better simplify and integrate processes
- Handle accounting policy and procedure inquiries and ad hoc reporting and analysis requests; provide periodic customer/site training
- Ensure customer needs and relationships are fulfilled and enhanced through proactive involvement and interaction
- Develop and assist in automating processes utilizing innovative technical and processing solutions
- Support SAP User Access Management
- Maintain complete and accurate standard operating procedures and support control documentation requirements
- Coordinating with the global process owners on the implementation of reporting changes, which includes submission of comprehensive business specifications where technology enhancements are required, providing training and user testing resources to test enhancements
Essential Experience, Skills And Knowledge
- MBA Grad with at least 2 years of relevant work experience in Major MNC OR Graduate of Finance & Accounting with at least 2-3 years of relevant work experience (in Major MNC) OR ACCA, CIMA or CFA with 4 years bachelor’s degree in finance & Accounting, and at least 1-2 years of relevant work experience in major MNC
- A thorough understanding and knowledge of relevant finance tools and systems, specifically BI/BPC, SAP or ERP equivalent
- Understand the impact of the accounting process and practice.
- Understand the platforms and analyze reports, identify issues and challenges within reports functionalities and data;
- Able to drive projects and process improvements and handle a remote customer base model
- Detail-oriented, analytical, proactive, and can work under pressure with minimum supervision
- Knowledgeable in identifying risks and in implementing controls
WE ARE BAT
At BAT we are committed to our Purpose of creating A Better Tomorrow. This is what drives our people and our passion for innovation. See what is possible for you at BAT.
- Global Top Employer with 53,000 BAT people across more than 180 markets
- Brands sold in over 200 markets, made in 44 factories in 42 countries
- Newly established Tech Hubs building world-class capabilities for innovation in 4 strategic locations
- Diversity leader in the Financial Times and International Women’s Day Best Practice winner
- Seal Award winner – one of 50 most sustainable companies
BELONGING, ACHIEVING, TOGETHER
Collaboration, diversity and teamwork underpin everything we do here at BAT. We know that collaborating with colleagues from different backgrounds is what makes us stronger and best prepared to meet our business goals. Come bring your difference!
Job link:
BAT hiring Assistant Operations Finance Manager in Jhelum, Punjab, Pakistan | LinkedIn Posted 11:17:53 AM. BAT is evolving at pace - truly like no other organisation. To achieve the ambition, we have set…See this and similar jobs on LinkedIn.

PRACTICE QUESTION
Solve and check your answer along with steps to solution: https://youtu.be/L_ZAryyVxjo

PRACTICE QUESTION
Solve and check your answer along with steps to solution: https://youtu.be/2RZKppLh_xU

SHORT CONCEPTS
IFRS 16 - LEASES
Identifying lease as a operating or finance lease.
Explanation link: https://youtu.be/rX4lwPMD4ww
You may visit the following link for further lectures of IFRS and IAS: https://bit.ly/3enIX8M

DISCOUNT ON IFRS 16 LECTURES
Explained with paragraph references along with illustrative examples.
Visit the link to see the contents of the lectures, along with a demo lecture.
https://www.udemy.com/course/ifrs-16-paragraph-wise-explanation/?referralCode=451F119562419C102BE2

IAS 37 - PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Paragraphs 59 & 60
You may visit the following link for further lectures of IFRS and IAS: https://bit.ly/3enIX8M

IFRS 16 - LEASES
Paragraph 29 - 36
For further explanation of these paragraphs, visit the following:
https://www.youtube.com/watch?v=_uGw_UprUu0
https://www.youtube.com/watch?v=zJ_zDNsyoIU
You may visit the following link for further lectures of IFRS and IAS: https://bit.ly/3enIX8M

IFRS 16 - LEASES
Paragraph 23, 24, 26 & 27
For further explanation of these paragraphs, visit the following:
https://www.youtube.com/watch?v=_uGw_UprUu0
https://www.youtube.com/watch?v=zJ_zDNsyoIU
You may visit the following link for further lectures of IFRS and IAS: https://bit.ly/3enIX8M

IAS 1 - PRESENTATION OF FINANCIAL STATEMENTS
Paragraph 25 (Going Concern)
You may visit the following link for the lectures of IFRS and IAS: https://bit.ly/3enIX8M

Definition of asset explained. Visit the link for the explanation:
https://youtu.be/4MTTss704yQ
Explained in English

IAS 21 - THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES
Paragraph 21
You may visit the following link for the lectures of IFRS and IAS: https://bit.ly/3enIX8M

IFRS 8 - OPERATING SEGMENTS
Paragraph 13 (Quantitative thresholds)
You may visit the following link for the lectures of IFRS and IAS: https://bit.ly/3enIX8M
IFRIC 1 - CHANGES IN EXISTING DECOMMISSIONING, RESTORATION AND SIMILAR LIABILITIES
This video describes concepts of IFRIC 1.
For further understanding of this interpretations with examples, visit: https://bit.ly/3enIX8M

IAS 10 - EVENTS AFTER THE REPORTING PERIOD
Paragraph 3 (Definition of events after reporting period)
You may visit the following link for the lectures of IFRS and IAS: https://bit.ly/3enIX8M
This video describes the rules of accounting (debit and credit) and transaction cycle.
Hoping to clear the concept after listening to the whole video. Comment your feedback's.

IAS 8 - ACCOUNTING POLICIES, CHANGES IN ACCOUNTING ESTIMATES AND ERRORS
(Paragraph 14 and 19)
- Changes in Accounting Policies
- Applying Changes in Accounting Policies
Accounting Policies
This video describes the concepts of Equity / Capital, Revenue and Expenses as per the accounting standards.
Hoping to have cleared the concept after listening to the whole video. Comment your feedback's.

IAS 1 - PRESENTATION OF FINANCIAL STATEMENTS
Paragraph 10 (Set of Financial Statements)
You may visit the following link for the lectures of IFRS and IAS: https://bit.ly/3enIX8M
Hello everyone! This video describes the concepts of assets and liabilities as per the accounting standards.
Hoping to clear the concept after listening to the whole video. Comment your feedbacks.