Struggling with AAT Variances?

BLOG-Variances

Variances are often found difficult by AAT students.  Here’s an analogy that may help you to understand them better.  Eggsamine business decisions with variances: When my second son was very young we discovered that he was intolerant to gluten.  As a family we enjoy baking and cakes, although not necessarily in that order.  To accommodate […]

IAS18 est mort, vive IFRS 15!

BLOG-IFRS-15

IFRS 15 Revenue from contracts with customers IFRS 15 Revenue from contracts with customers is examinable in your AAT exams now, replacing IAS 18 Revenue and IAS 11 Construction contracts.  The good news is that the while there are differences, the overall approach is not significantly different.  The new standard tightens up on practice which […]