CA Sri Lanka individuals would now be able to acquire AICPA universal partner participation

The Institute of Chartered Accountants of Sri Lanka kept on making advances over the worldwide bookkeeping field, as it marked one more Memorandum of Understanding (MoU) with the Association of International Certified Professional Accountants (AICPA), which plans to fortify the remaining of CA Sri Lanka individuals globally.

The MoU marked by Jagath Perera, President of CA Sri Lanka and Jim Knafo, Director, Global Alliances — Public Accounting of AICPA in Kuala Lumpur, Malaysia, clears the pathway for CA Sri Lanka Members to acquire the AICPA International Associate participation.

The understanding will likewise open up roads for both expert bodies to team up including on Continuing Professional Development (CPD) and the organization of CPA Exams in Sri Lanka.

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AICPA is a worldwide group of expert bookkeepers, joining the qualities of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA), with 35 workplaces in 20 nations. It speaks to 667,000 individuals and understudies openly and the executives bookkeeping.

CA Sri Lanka appreciates concurrences with a portion of the world's top global expert bookkeeping associations, including the Institute of Chartered Accountants in England and Wales (ICAEW), Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia and Chartered Institute of Management Accountants (CIMA).

Cima P2 Exam Question 48

Question No 48:

A company uses activity based costing. The total production overheads of $16,050 for the next period are for set up costs of $6,450 and quality inspection costs of $9,600. The company produces two products, Product F and Product G. Details relating to the next period are as follows:
 

A new customer has offered to purchase Product F for $28.00 per unit. The only costs incurred would be those shown above.
What is the profit per unit of Product F that would be gained by accepting the offer? Give your answer to two decimal places.

 Answer: $3.90

Get more samples like this from CIMA P2 Exam Questions

Tianli Holdings Appoints New CFO

Hong Kong-listed Tianli Holdings Group Limited has appointed Yu Zhenyu as an Executive Director and Chief Financial Officer of the company with effect from 22 September 2017.

Yu, aged 35, received his master’s degree in Accounting and Finance with Management Studies from University of Hertfordshire in 2006. From 2006 to 2012, Yu worked in the branch offices of two international accounting firms (Deloitte and KPMG) in the PRC successively, providing listing and statutory audit services for several major companies and financial institutions.

From 2012 to 2017,  Yu held a senior position in Treasury and Accounting Department at the principal overseas investment platform of a nationwide asset management firm, being in charge of domestic finance and domestic and cross-border financing.

Yu is a member of Forensic Certified Public Accountant International, a fellow of Chartered Institute of Management Accountants and a member of the Institute of Public Accounts. He has extensive experience in auditing, financial management and corporate finance.

Yu has not held any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas for the last three years.

New head office team to open doors for GAI members

Angie Corkhill is the new Director who comes to the GAI with more than 15 years experience in executive responsibility in the professional and educational sector in London, Singapore and Sydney.

Her most recent role was Director of Member Relations and Digital at Finsia (Financial Services Institute of Australasia) where she was responsible for developing and delivering the digital strategy to retain members and enhance their membership experience. This role has also involved building relationships with other international organizations to maintain a high profile.

Previously, she had roles as director of member services and policies, director of transformation and projects, and as regional director in Asia-Pacific at the Chartered Institute of Management Accountants (CIMA).

Angie said: "The Guild already has a strong global presence, especially in the GCC and Asia, and I look forward to making these relationships to the next level, expanding the already excellent education program and promoting technical support That we offer to our members.

Keiron Lewis was appointed Head of Marketing for GAI. He joined the GAI with extensive experience in B2C and B2B companies, including Domino's Pizza and Cadbury. These roles involved the design of advertising material and the creation of marketing plans to help position brands in the expanding market. He has taken several courses at the Chartered Institute of Marketing (CIM) and has an advertisement from BA (Hons) and media from the University of Coventry.

One of the first functions of Keiron will be to organize the GAI Education Awards on November 9 which recognizes the outstanding academic achievements of the emerging stars of the architectural ironwork industry.

Members of the Guild and the Institute will be well supported by Abigail Wong, a new administrator of the guild. Abigail has experience in the implementation and coordination of office procedures and ensures the highest quality customer service for clients and members. In his previous role within the Venn group, Abigail worked in the team's administrators department, responsible for more than 340 staff and support to company directors.

David Stacey, President of GAI, said: "When I started my presidency in May of this year, the first task was to recruit the right people to support Douglas Masterson's excellent headquarters team, Rachel Tipton and Davina King.

"I am pleased that we have found Angie, Keiron and Abby who can help us make the Guild and the Institute to the next level, continue to support and develop the UK and our growing membership abroad, Particularly in the face of the globalized construction regulation ".

AICPA and Ad Council Launch Free Digital Game ‘Yesterday’s Tomorrow’

Like many adults between the ages of 20 and 30 are very aware, building a solid financial foundation is crucial. In fact, research shows that one of the three thousand (34%) is ranked as the number one target. To help these young people navigate the path of prosperity, launched the American Institute of CPA (AICPA) and the Ad Council today yesterday, a free game of digital financial literacy. The new game will help players understand the long-term impact of their financial decisions and take control of their personal finances. Yesterday, Tomorrow is part of the joint campaign of public service organizations, eating pork.

 Yesterday morning (https://game.feedthepig.org/) teaches players to consider how the financial decisions they make now can affect them later in life and encourages them to develop a relationship with a future version of them -The same. Research shows that most millennia see the obvious benefits of digital games. Two out of three (67%) say that games are important to help them learn how to create winning strategies and seven out of ten (70%) believe that it helps them learn to solve problems. With yesterday's morning, Ad Council and AICPA use the positive effects that games can have to help thousands of years to develop healthy financial habits.

"Yesterday morning helps young adults realize the importance of making positive financial decisions early in life and shows the long-term benefits to being financially competent," said Gregory Anton, CPA, CGMA, president, national financial education APICA Commission. "With the morning yesterday, feed the pig campaign uses the game to help thousands of years to prepare for future financial success."

"Yesterday morning offers a fun, fast and educational gaming experience," said Lisa Sherman, president and CEO of the Ad Council. "Young adults are playing online games more than ever, offering the country an unconventional approach to reach thousands with saving money resources."

 The digital game is presented in narrative form of a photo album with snapshots that are mandatory and optional financial decisions that people make throughout their lives. The player decides to work part-time at school, get married or travel the world, learn the impact of their decisions in the future as the game progresses. Developed by Crafter.life Morning Studies Yesterday is available at FeedThePig.org. The game takes about 15 to 20 minutes.

In 2016, the AICPA Board Announcement and Games for Change (G4C) have partnered to launch the Pig Feed Challenge, which invited game designers to offer a digital game that encouraged young people to save part of their daily lives . The winning game, yesterday morning, was introduced by Scott Garner, who introduced a group of financial experts and play games and the Media Summit Tribeca Film Festival.

Yesterday morning is the last resort of the pig feed campaign, which aims to educate and support young adults aged 25 to 34 to help develop better habits of money. While one of the three thousand (34%) is the number one target, most millennia (65%) say impulse buying and lack of personal budget (62%) prevent more savings. These statistics highlight the importance of teaching thousands of good money management habits early in their financial lives.

The Feed Pig website offers a range of interactive tools, including calculators and free subscriptions to weekly savings tips by e-mail to help promote positive savings habits. To date, the pig-eating campaign has received more than $ 440 million from the media donated through the Ad Council model.

The CPA profession launched a unified financial education initiative, Financial Education 360, there are twelve. The effort brought together the AICPA, state corporations and CPA CPA individual fight against financial illiteracy.

Why is CPA Australia hoarding $91 million?

Alex Malley was called several times by now "record surplus" CPA Australia during his time at the helm. This jargon, of course, ignores the fact that the CPA is not a for-profit business, but a service provider owned by its members. In this case, huge surplus funds are either overcharged or under-invested funds.

It's the same for the assets. Why, oh, why CPA that has assets worth $ 195.4 million, including $ 97 million in cash? If you deduct a liability of $ 104.4 million, a net asset of $ 91 million, equivalent to $ 568 per member.

The competitor CPA, Accountants, Australia and New Zealand is an even more obvious advantage, with net worth of $ 71.6 million, or $ 612 per member. Engineers from Australia is another clash with 32 million, or $ 320 per member.

Searching abroad (such as Malley, the general is forced to do by actual peers), and ACP America reported net balance of assets in 2014 to 39.4 million, or 94 dollars per member. The Chartered Institute of Accountants UK Management Institute has net assets of $ 4 million, or $ 40 per member.

Whether it be Medical Colleges, recommendations from institutes or management, the mandates for basic services were buried by the lines of letters. Superior imagine how real estate trustees and fund managers will justify the proportional share package and is inflated. Is it any wonder that these "leaders" constantly prohibit new frontiers, every new space for growth justify a new online penetration costs?

Whether it's 91 million or 32 million - both are evidence of severe overload and maintenance of the members. This is a bloody time for a special dividend payment! And a return to the basics, especially in values. And no, not the self-aggrandis proverbs that read in the lousy airport books.

‘Information evaluation, decision-making techniques key to business success’

Using relevant information, reaching and implementing decisions quickly, streamlining operating models, building an organizational culture were identified as factors that would enable business leaders to succeed more in their organizations.

This was the opinion expressed by the speakers in the inaugural edition of General Management Accountants, CGMA Habla Series, Lagos and was organized by the Collegiate Institute of Accountants Management, CIMA, in collaboration with Phillips Consulting under the theme; "The event, which hosted the high-level leaders of local and multinational companies, spoke to power by insisting that leaders should lead by example while encouraging their employees to realize that they are part of a system in An organization and do not function as individuals.

Opening speech Internet broadcasting and technology, President CIMA, Andrew Miskin said that the mode of communication around the world has evolved due to the invention and development of the Internet and technology now with real-time data easily Available for commercial information exchange and is now a comprehensive two-way process. However, he noted that, despite the presence of abundant data, the interpretation of information has become less clear today due to overhead registration. "We have real-time information about what is going on in our business, but we can not have real-time help with data.

This gives us a very different view of the decision-making process that can Accounting, since he is not comfortable with that, "he said. On the other hand, the CEO, Phillips Consulting, Folusho Phillips, said that if we make the relevant decisions, the ability to articulate, make and execute decisions is also a key component of decision making quickly. "Yes, we have to make good decisions, but once we make a decision, it is the execution speed that matters because that is how we execute such a decision could determine the outcome of this program or this plan goes beyond the decision in The right time, this is implemented and to make sure that making the right decision quickly make the right decisions and it is necessary to execute it. "