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.
Wednesday, 28 June 2017
Tuesday, 6 June 2017
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.
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.
Thursday, 30 March 2017
‘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. "
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. "
Monday, 9 January 2017
Why I became . . .
I studied music in UCD. I knew there was money in pop music and did not want it like a star. Nor wanted to be a chamber musician; For me, it had to be a composer, writing and selling music, or being involved in music production.
But I spent most of my time on the websites doing the University, working for computer companies and digital video surveillance systems. I was going to enter the company, but had not realized that I wanted to be an entrepreneur.
As time passed, I became more and more involved in business all played and writing music groups. I have created different companies over the years. Many did not work, some were successful, and some just ran its course before trying anything else. This is the way in business, but I never thought of it as a failure: it is part of the learning experience in this industry.
Little Vista is my project and software for the current industry so do childcare so that parents can feel confident that their children are duly taken into account.
Besides music, I held it in my hand, I do not know what else but an entrepreneur, because it is constantly challenging and rewarding in many ways. Although if I were a billionaire, I would like to be an investor and philanthropist: I heard you can reach the International Space Station if you have enough money.
But I spent most of my time on the websites doing the University, working for computer companies and digital video surveillance systems. I was going to enter the company, but had not realized that I wanted to be an entrepreneur.
As time passed, I became more and more involved in business all played and writing music groups. I have created different companies over the years. Many did not work, some were successful, and some just ran its course before trying anything else. This is the way in business, but I never thought of it as a failure: it is part of the learning experience in this industry.
Little Vista is my project and software for the current industry so do childcare so that parents can feel confident that their children are duly taken into account.
Besides music, I held it in my hand, I do not know what else but an entrepreneur, because it is constantly challenging and rewarding in many ways. Although if I were a billionaire, I would like to be an investor and philanthropist: I heard you can reach the International Space Station if you have enough money.
Thursday, 24 November 2016
How CIMA P2 Exam Questions Dumps Can Help in Exam?
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There are many websites that offer their services for preparing the CIMA Advanced Diploma In Management Accounting exam. Choosing a right option for the preparation of CIMA P2 Test should be the first choice of a candidate. An authentic CIMA Advanced Diploma In Management Accounting study guide renders the assistance to the candidate about the objectives. The CIMA P2 Practice Test provides a guide and keeps your points focused. If you need to buy CIMA P2 Practice Exam then you must avail online CIMA P2 Test Questions for this purpose.
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How to Pass CIMA P2 Exam?
There are many websites that offer their services for preparing the CIMA Advanced Diploma In Management Accounting exam. Choosing a right option for the preparation of CIMA P2 Test should be the first choice of a candidate. An authentic CIMA Advanced Diploma In Management Accounting study guide renders the assistance to the candidate about the objectives. The CIMA P2 Practice Test provides a guide and keeps your points focused. If you need to buy CIMA P2 Practice Exam then you must avail online CIMA P2 Test Questions for this purpose.
The CIMA Advanced Diploma In Management Accounting CIMA P2 Study Material does a great job in this matter. All the CIMA P2 Questions Answers are formed as per the requirement of CIMA P2 Test Engine. There are the perfect CIMA P2 Real Exam Questions which are designed by the expert faculty. In this way, a learner can be able to take custom education. It is the fact that CIMA Advanced Diploma In Management Accounting CIMA P2 VCE is hard to master because it is not as simple as paper writing. It needs your complete concentration.
A solid and authentic research are required to pass the CIMA Advanced Diploma In Management Accounting exam. If you are looking for the services of a professional individual who can assist you in this regard then you must take online help.
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Thursday, 10 November 2016
Cima P2 Exam Question 49
Question No 49:
The standard direct labour cost of one batch of 100 units of a product is $50.40. This assumes a standard time of 4.2 hours, costing $12 per hour. The standard time of 4.2 direct labour hours is the average time expected per batch based on a product life of 12,800 units or 128 batches. The expected time for the first batch was 20 hours and an 80% learning curve is expected to apply throughout the product’s life.
The company has now completed the production of 32 batches of the product and the total actual direct labour cost was $3,493. The following direct labour variances have also been calculated:
Direct labour rate $85 Adverse
Direct labour efficiency $891 Adverse
Further analysis has shown that the direct labour efficiency variance was caused solely by the actual rate of learning being different from that expected. However, the time taken for the first batch was 20 hours as expected.
Required:
(a) Calculate the actual rate of learning that occurred.
(b) Assuming that the actual rate of learning and the actual labour rate continue throughout the life of the product, calculate the total direct labour cost that the company will incur during the life of the product.
Answer:
(a)
The standard cost of the actual hours worked was $3,493 - $85 = $3,408.
At $12 per hour the actual hours worked were $3,408 / $12 = 284 hours.
So the average time per batch for the first 32 batches was 284 / 32 = 8.875 hours per batch.
32 batches represent 5 doublings of output.
The learning rate was therefore:
5 √ 8.875 / 20 = 0.85 = 85%
(b)
Actual labour rate paid = $3,493 / 284 = $12.30 per hour.
Learning index = log 0.85 / log 2 = -0.2345
Y = 20 x 128-0.2345 = 6.41 hours
Total cost of direct labour = 6.41 x 128 x $12.30 = $10,092
The standard direct labour cost of one batch of 100 units of a product is $50.40. This assumes a standard time of 4.2 hours, costing $12 per hour. The standard time of 4.2 direct labour hours is the average time expected per batch based on a product life of 12,800 units or 128 batches. The expected time for the first batch was 20 hours and an 80% learning curve is expected to apply throughout the product’s life.
The company has now completed the production of 32 batches of the product and the total actual direct labour cost was $3,493. The following direct labour variances have also been calculated:
Direct labour rate $85 Adverse
Direct labour efficiency $891 Adverse
Further analysis has shown that the direct labour efficiency variance was caused solely by the actual rate of learning being different from that expected. However, the time taken for the first batch was 20 hours as expected.
Required:
(a) Calculate the actual rate of learning that occurred.
(b) Assuming that the actual rate of learning and the actual labour rate continue throughout the life of the product, calculate the total direct labour cost that the company will incur during the life of the product.
Answer:
(a)
The standard cost of the actual hours worked was $3,493 - $85 = $3,408.
At $12 per hour the actual hours worked were $3,408 / $12 = 284 hours.
So the average time per batch for the first 32 batches was 284 / 32 = 8.875 hours per batch.
32 batches represent 5 doublings of output.
The learning rate was therefore:
5 √ 8.875 / 20 = 0.85 = 85%
(b)
Actual labour rate paid = $3,493 / 284 = $12.30 per hour.
Learning index = log 0.85 / log 2 = -0.2345
Y = 20 x 128-0.2345 = 6.41 hours
Total cost of direct labour = 6.41 x 128 x $12.30 = $10,092
Sunday, 16 October 2016
ACCA and IMA: Preparing Your Company for Change and Disruption
According to a new report from ACCA (Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants)), companies must regularly and systematically to include emerging risks to stimulate innovation. More information about the report, "Innovation and ERM: partners in managing shock waves"
The traditional thinking about strategy has become less relevant as a disturbance wave accelerates the pace of business. The report, written by Dr. Paul L. Walker, Ph.D., CPA, highlights the main ways in which enterprise risk management (ERM) can be linked successfully for strategy and innovation, including:
In accounting and finance profession specifically, understanding the risks is a key to successfully hijack the failure of a company to success. Consequently, there is increasing pressure for accountants to develop a keen sense of business risk on your financial experience.
"Financial professionals are generally risk averse, but need to expand your comfort level to become true strategic partners," said Raef Lawson, Ph.D., CMA, CPA, Vice President of Research and Policy at the IMA. "CFOs and finance future professionals need a change of mentality of accounting and control to focus on value factors in the company."
ERM not only allows a company to innovate but can also protect the decline in innovation. Companies that are new and strategic things to create their own wave of unrest must also manage risk and uncertainty. This requires a different approach to capturing new ideas and new tools for risk.
"Innovation without knowing the risk is the main reason for failure," said Faye Chua, Managing Director of Business Insights at ACCA. "Being proactive in planning against unforeseen challenges paves the way for success in times of uncertainty."
This report is a product of the strategic alliance between ACCA and IMA, focusing on research to study the future of global accounting profession.
The traditional thinking about strategy has become less relevant as a disturbance wave accelerates the pace of business. The report, written by Dr. Paul L. Walker, Ph.D., CPA, highlights the main ways in which enterprise risk management (ERM) can be linked successfully for strategy and innovation, including:
- Interpretation of disturbing waves: By integrating risk detection tools, companies can anticipate and respond to disturbances waves more easily.
- Rethinking the strategy and tools: With the tools that improve understanding of the risks, companies can develop and modify the key assets to combat changes in the external environment.
- Innovate business models: In response to the risk, it is important for companies to innovate not only in their fields but also consider the innovatios business model.
In accounting and finance profession specifically, understanding the risks is a key to successfully hijack the failure of a company to success. Consequently, there is increasing pressure for accountants to develop a keen sense of business risk on your financial experience.
"Financial professionals are generally risk averse, but need to expand your comfort level to become true strategic partners," said Raef Lawson, Ph.D., CMA, CPA, Vice President of Research and Policy at the IMA. "CFOs and finance future professionals need a change of mentality of accounting and control to focus on value factors in the company."
ERM not only allows a company to innovate but can also protect the decline in innovation. Companies that are new and strategic things to create their own wave of unrest must also manage risk and uncertainty. This requires a different approach to capturing new ideas and new tools for risk.
"Innovation without knowing the risk is the main reason for failure," said Faye Chua, Managing Director of Business Insights at ACCA. "Being proactive in planning against unforeseen challenges paves the way for success in times of uncertainty."
This report is a product of the strategic alliance between ACCA and IMA, focusing on research to study the future of global accounting profession.
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