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Accounting for real work and IFRS

Accruals and prepayments with examples you can copy

Accruals and prepayments explained with two worked journal entries: an unbilled electricity cost and prepaid annual insurance, plus a month-end checklist.

Last checked 2026-10-31

Accounting for real work and IFRS

How to do a bank reconciliation step by step, with an example

A bank reconciliation proves the ledger cash balance against the bank statement. Follow six steps, with cheques, a deposit in transit and bank charges.

Last checked 2026-10-31

FP&A

Budget versus actual: how to read your first variance report

Learn to read a budget versus actual report: the sign rules, favourable and adverse, what counts as big, and how to find the cause, with Palm Gate figures.

Last checked 2026-10-31

Accounting for real work and IFRS

Debits and credits explained simply, without memory tricks

Debits and credits are only left and right. Learn the five account types, the one rule that balances every entry, and a worked example with four entries.

Last checked 2026-10-31

FP&A

What an FP&A team does all year: the planning calendar

A plain guide to what FP&A does through the year: the monthly report, the quarterly forecast, the strategic plan and the budget, with a worked example.

Last checked 2026-10-31

Financial statements and analysis

Why profit is not the same as cash, with a worked bridge

A company can report a profit and still run short of cash. See the five gap items, the bridge from profit to cash, and a worked Oasis Retail example.

Last checked 2026-10-31

Technical skills: Excel, data and AI

XLOOKUP vs VLOOKUP for finance work: which to use and why

XLOOKUP or VLOOKUP? Compare syntax, default match, lookup direction and missing-key handling, with a general ledger mapping example and a version warning.

Last checked 2026-10-31