Financial Statements For the year ended
Download 0.68 Mb. View original pdf
|
| 4 Segmental reporting ACCA has taken the view that, for reporting purposes, it has one operating segment which relates to the supply of services to its stakeholders including members and future members. ACCA has decided to report its income byproduct type but not by region or activity. It does not report expenditure by region, activity or product type. During the year ACCA’s income activities were organised by category Admission and registration fees, subscriptions, examinations, exemptions, regulation and discipline and other income. These are ACCA’s categories reported internally for income purposes and are detailed in notes 6 and 7. Short descriptions of the main categories areas follows Admission and registration Members admission fees and future members initial registration fees Subscriptions Comprise members, future members annual subscriptions for the relevant period Examinations Examination fees for the relevant session within the financial year for the Professional and other qualifications Exemptions Exemption income from future members for the Professional and other qualifications Regulation and discipline Audit, practice and other certificates Other income Member and future member engagement, advertising, Continuing Professional Development (CPD) income, locally generated markets income and sponsorship Expenditure is reported internally by function and these are detailed in notes 8 and 9. Short descriptions of the expenditure categories areas follows Corporate pension costs, depreciation, executive team, credit card charges, global redundancy provisions Strategy and Development delivery of strategic outcomes, corporate training, market research, brand management, public relations, publishing, technical policy and research, development and maintaining of qualifications, ensuring the integrity of the syllabus and of the examination process, verifying and awarding exemptions and setting and scrutiny of exam papers • Markets Staff, operational and corporate marketing and promotional costs of ACCA’s global operations and IFAC costs Governance Regulation of members, secretariat, professional conduct, practice monitoring, legal services and internal audit People Human Resources, corporate recruitment and talent and capability • Finance and Operations IT, finance and procurement, member and future member support, examinations, service improvements • Strategic investment Digital transformation, exam delivery, workplace transformation, strategic efficiency, market adoption and meet compliance The presentation of both income and expenditure has changed from the previous year so as to align with new management reporting following the implementation of anew finance system. Download 0.68 Mb. Share with your friends:
|