Huolong’s CIMA

I don’t understand how the following formula is derived:
Min. level = Reorder level - (average lead time X average usage).
But, as I would think, a minimum level of stock is a level at which a reorder must be placed so that the reorder can arrive just in time to replenish a stock level to last […]

Here is an interesting blog post discussing today’s accounting qualifications and certificates.
 
“With the plethora of accounting certifications and qualifications out there today, no matter what country you are in, it can be a daunting task to choose which certification is right for you. Gone are the days when if you were a young […]

My wife says I can’t even easily and comfortably do additions and deductions within a range of 100 and often teases me for making so obvious mistakes in simple elementary school math level calculations - which would be disasters for a certified or chartered accountant candidate.
I was trained to be an accountant, for just one […]

The question was whether I should count a discount offered from a supplier for an early cash payment as something against the purchase price of a group of commodity items. The answer is No.
Instead, according to Paper C1, it should be regarded as a financial transaction item, not a trading account item and therefore […]

I want to have a new career orientation with CIMA. Maybe it’s right for me because it’s a multi-faceted qualification.