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Accounting Policies | O Level Accounting 7707 & IGCSE Accounting 0452 | Detailed Free Notes To Score An A Star (A*)

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  • Comparability
    • By using international accounting standards, we can compare the statements prepared in two different areas and times to each other.
  • Relevance
    • The accounting system should provide information that can help the end users of the information to make crucial decisions
    • Any irrelevant and unnecessary information should not be present.
  • Reliability
    • Accounting systems should be consistent
    • It should not produce different results and use different methods every time.
    • All transactions must be checked, reviewed and verified
  • Understandability
    • The financial information present should be easy to understand
    • It should not have too many jargons
    • The statement should be easy to understand for a reader with reasonable business knowledge
    • It should not require too much high level understanding to be understood.
Hunain Zia

Hunain Zia has previously achieved considerable success in the high-school educational stream, gaining a massive 154 Total A Grades and 7 Major Distinctions, a process in which he broke/ set 11 different world records, including the most A grades ever achieved, most subjects ever appeared in, most distinctions, gaining distinctions across two separate boards (Pearson Edexcel and CAIE) within the same year/ ever, and even 19 hours of constant examination. All records stand intact today. Hunain pursued his Honors Accounting Degree from the prestigious Bentley University, and then completed an LLB (in Honors) from University of London. Currently, he manages multiple social and commercial projects, has founded digital streams and works tirelessly in the education sector.

Educate A Change focuses on truly bringing change in the educational sector worldwide. All our courses are designed to ensure success, and provide complete preparation without requiring any other external material. Therefore, it takes away the expense of academies, books, past paper compilations and other miscellaneous items. Instead, by just the courses we offer, the student can prepare fully for the best grades in their CAIEs, Edexcel and other high-school exams. The earnings from our course-sales are invested in social projects and growing the free educational activities of Educate A Change.