London School of International Business (LSIB)

Advanced Accounting Skills with a Level 6 Diploma in Business and Accounting Weekly Knowledge Bites

Week 1: Financial Reporting Standards

Topic	Description
IFRS	International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board.
GAAP	Generally Accepted Accounting Principles are a set of accounting standards used in the United States.

Week 2: Management Accounting Techniques

Topic	Description
Cost-Volume-Profit Analysis	A technique used to study the relationship between costs, volume, and profits.
Variance Analysis	Comparing actual costs to budgeted costs to identify differences and analyze their causes.

By mastering the Advanced Accounting Skills with a Level 6 Diploma in Business and Accounting Weekly Knowledge Bites, you will gain a deeper understanding of financial reporting standards and management accounting techniques that are essential in today's business world. Share this valuable knowledge with your colleagues and friends to help them excel in their accounting careers!