Documente Academic
Documente Profesional
Documente Cultură
ASH CLOUD
CHAOS
ASSESSING
RISK
FINANCIAL
REPORTNG
FINDING YOUR WAY
THROUGH THE MAZE
WORLD CUP
2010 COMPETITION
EMAIL YOUR
PREDICTIONS
AC CHA
C N
UP A Q GES
DA UA T
TE LIF O T
S F IC H
OR AT E
20 ION
11
London College
of Accountancy
Quality Flexibility Affordability
Ravi Gill Steve Lumby Doug Beardon David Benjamin Michael Mainwaring Dave Sexton Fred Keer
FCCA BA, MSc MA, LL.M, FCA, FCCA, AIIT FCCA BA, MBA, MSc MSc, CPFA, FHEA BA, MSc
For more W: www.londoncollege.org T: +44 (0)20 7407 1119 F: +44 (0)20 7407 1004
information E: info@londoncollege.org 200 Great Dover Street, London SE1 4YB
Geoff Hughes Nigel Grant Tony Mock Dianne Ramdeen Feroz Kassam-Kanji Peter Keeling Naraine Singh
BA, FCA BSc, FCCA, PGCE BSc, FCA ACCA BSc, FCCA BSc, FCA LLB, Cert Ed, Barrister
dispatch
06 GRAPHIC NEWS Late payments in Europe
08 NEWS ROUNDUP Global accounting and finance news
features
18 ashes to ashes Using the recent volcanic
ash cloud as an example, we investigate what risk
assessment processes airline companies might
have used
22 find your way Navigate your way
through the maze of reports that you
will produce as an accountant
learning centre
10 3 things you should know about Social interviews
10 problem solved Public to private
11 member profile Kamran Malik, UAE 14 my working life Nicky Chandarana, UK
12 PER SUPPORT Online resources 16 competition Predict the winner of the 2010 World Cup
ASH CLOUD
CHAOS
Dean Westcott
WORLD CUP
2010 COMPETITION
EMAIL YOUR
PREDICTIONS
Editorial Team
28 changes
Victoria Morgan
to the acca
Editor
qualification
for 2011 Jamie Ambler
Relevant to all Editorial Consultant
ACCA students Jackie Dollar
34 the bsc Art Editor
(hons) in applied Richard Gooding
accounting Designer
degree
Rhian Lewis
Relevant to all
Editorial Executive
ACCA students
36 planning
www.accaglobal.com
and preparing
Glen Patterson
your rap
Online Editor
Relevant to all
ACCA students
29 Lincoln’s Inn Fields London
student WC2A 3EE
accountant United Kingdom
technical article tel: +44 (0)20 7059 5700
archive email: info@accaglobal.com
Visit www.accaglobal. www.accaglobal.com
com/students/
student_accountant/ publishing and Advertising
archive/ to access all Adam Williams
technical articles from Head of Publishing
past issues of Student Anthony Kay
Accountant Production Manager
study tools
www.accaglobal.com/ For all advertising-related matters please
students/acca/ contact Lisa Peake:
www.accaglobal.com/ tel: +44 (0)20 7902 1224
students/cat/ email: lisa@educate-direct.com
2.1
2.8 3.6 3
.5
1.6
2.6 3.3
3.3
3.3
1.1
1.6 3.0 2.9
2.8
2.4
en
nd
ia
ed
2.9
via
an
la
Sw
2.4
Lat
2.3 hu
nia
Ice
Lit
3.1
to
1.9
2.6
Es
2.0
UK
1.4
3.0 3.0
2.1
3.0 3.5
2.3
nd
3.0
2.5 2.2
2.0
2.7
la
3.0
bli
2.9
IRe
2.3
an
pu
re
1.8
a
Ge
kia
2.2
ch
2.5
l
1.9
Po
nd
Cze
a
y
in
v
la
ce
ar
Slo
Spa
er
an
ng
itz
Fr
Hu
Sw
KEY xx 2010
Payment
loss as % of xx 2009
turnover
xx 2008
More life-changing scholarship
opportunities available at LSBF
LSBF has secured a further 100 scholarship places
through its partnership with Dubai Bank. But hurry,
places are going fast so act now to get ahead of the
game and secure 100% funding for your MBA/MSc*.
at LSBF.org.uk/SA
**”FT” and “Financial Times” are trademarks of The Financial Times Ltd. *See website for details. Terms and conditions apply. E&OE.