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THE REGULATORY FRAMEWORK

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › THE REGULATORY FRAMEWORK

  • This topic has 7 replies, 4 voices, and was last updated 9 years ago by John Moffat.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • July 14, 2015 at 8:22 pm #260791
    mumbaikar
    Participant
    • Topics: 50
    • Replies: 45
    • ☆☆

    Hi, I am new to opentuition.com so I would like to ask you that where can I find lectures for this topic stated above including lectures for standard setting bodies (IFRS) and the qualitative characteristic of financial information

    July 15, 2015 at 9:20 am #260821
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    All our lectures and other material is linked from this page:
    https://opentuition.com/acca/f3/

    In order to be confident of passing F3 well, you need to download the free Lecture Notes and work through the chapters in order watching the lectures that go with them. (Not every chapter has lectures because a few of them do not involve calculations and it is a question of just reading those chapters).
    When you have done that you should watch the Revision Lectures.

    Then is a question of practice and you must buy a Revision Kit from one of the ACCA approved publishers. They contain lots of exam standard questions to practice on, and practice is vital.
    In addition you should attempt our free mock exam. The questions are drawn at random from a bank of questions and so every time you attempt it you are likely to get different questions.

    If any of the topics give you problems then you should ask for help in this forum 🙂

    July 25, 2015 at 9:05 am #261831
    zahidkhan2015
    Member
    • Topics: 0
    • Replies: 9
    • ☆

    corporate governance primary purpose is to monitor the organization and its directors,now who basically produce all those rules for the organization?

    July 25, 2015 at 4:09 pm #261908
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    Corporate governance is not the same as the regulatory framework.

    It is not a question of monitoring the organisation or its directors, there is no formal definition but is the way in which the company is directed and controlled in the interests of all the stakeholders (shareholders / lenders / employees / customers etc. etc.).
    It is the directors who decide on the policies, but in the process they must adhere to the laws of the relevant country (such as laws relating to the rights of shareholders) and the accounting standards. But other aspects are not a question of following rules but a question of things like being ethical in the trading.

    For Paper F3, you are not required to know about the law relating to companies. You are required to understand some of the accounting standards (the ones that are dealt with in our lecture notes and lectures).

    July 27, 2015 at 11:29 am #262453
    zahidkhan2015
    Member
    • Topics: 0
    • Replies: 9
    • ☆

    thank you sir.. 🙂

    July 27, 2015 at 3:47 pm #262475
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    You are welcome 🙂

    July 30, 2015 at 3:03 pm #263010
    gteo
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    Hi John

    I noticed in the notes there isn’t a chapter that discuss the functions of the various regulatory system. Where can I obtain further explanation on the roles of the IASB..like IFRS foundation, IFRS Advisroy , IFRS Interpretation Committee?

    Can you explain their different roles please?

    GTeo

    July 31, 2015 at 8:30 am #263129
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    But there is a chapter – if you look on the contents page you will find it is chapter 27!
    It contains all you are likely to need for the exam.

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