Bridget The CA ACCA Tutor

Here’s what you need to know to stay on track without burning out.

Which soft skill is your biggest asset at work right now?

1. Time Management
2. Communication
3. Conflict Resolution
4. Emotional Intelligence

Comment below!

Juggling work and study like a pro 🤹‍♂️
💡 Tip: Time block your day, prioritise like crazy, and remember, progress beats perfection!

What's your top tip for balancing the ACCA grind?

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📌📌Take note of key ACCA dates

Time to prepare for your ACCA examinations; kindly contact us at 0776485161 today.

The GoGetter Annual Conference was a resounding success

I was delighted by the opportunity for networking and knowledge sharing. It was enlightening to connect with like-minded professionals and gain insights from industry experts.

Well done to Trish Hakata and the entire team and the Manager Neddy Neddy Tanga

👜Outfit- Bag and Suit Shantelle Theo

Officially an ACCA Member 🎉

Earning ACCA membership is a huge milestone, and I'm so proud of myself for pushing through.

Time to celebrate and keep crushing more goals 💪🙏🥂

🎯Excellence isn’t a flash of luck or a one time event,it’s the quiet habit you build day after day.
🎯When you show up, give your best, and keep the rhythm, those small choices stack into a masterpiece.
🎯Consistency turns intention into achievement, and before you know it, “just another day” becomes the foundation of greatness.
🎯 Keep moving, keep grinding; excellence lives in the everyday grind.

📖IAS 19, or International Accounting Standard 19, prescribes the accounting treatment for all forms of employee benefits, excluding share-based payments.

📖 The core principle is that the cost of benefits is recognized when the employee provides the service in exchange for those benefits, rather than when they are paid.

📚Key Categories of Employee Benefits

📖IAS 19 categorizes employee benefits into four main types:

1️⃣Short-term employee benefits:

Benefits due within twelve months of the employee rendering service, such as wages, salaries, and paid leave. These are recognized as a liability and expense at their undiscounted value when the service is provided

2️⃣Post-employment benefits:

Benefits paid after employment, like pensions and retirement gratuities.

📥These are split into:

🎯Defined contribution plans: The entity pays fixed contributions, and its obligation is limited to those contributions. Contributions are expensed when payable.

🎯Defined benefit plans: The entity is obligated to provide agreed-upon benefits. A net defined benefit liability or asset is recognized, with movements accounted for in profit or loss and Other Comprehensive Income.

🎯Other long-term employee benefits: Benefits other than short-term, post-employment, and termination benefits (e.g., long-service leave). These are accounted for similarly to defined benefit plans, but all remeasurements go to profit or loss.

🎯Termination benefits: Benefits for the termination of employment, like redundancy pay. These are recognized as a liability and expense when the entity can no longer withdraw the offer or when a related restructuring is recognized under IAS 37.

📚Key Principles
Recognition timing: Liability and expense recognized as the employee provides service.
Discount rate: Based on market yields of high-quality corporate bonds for long-term obligations.

📖Disclosure: Extensive disclosures are required, especially for defined benefit plans.