Knowledge Base
Explore clear, reliable explanations of key concepts across accounting, finance, and business. Designed for ACCA and CMA students — and anyone wanting to understand essential syllabus topics — this Knowledge Base helps you grasp complex ideas quickly and build stronger foundations.
Books of prime entry
Books of prime entry (also known as books of original entry) are the first accounting records used to capture business...
Boundaryless organizations
A boundaryless organisation is a modern organisational design that removes traditional barriers such as rigid hierarchies, departmental silos, and geographical...
Buchanan and Huczynski's definition of organizations
Buchanan and Huczynski’s definition of organizations as “social arrangements for the controlled performance of collective goals” is a concise and...
Budgets: Definition, Advantages and Disadvantages
A budget is a detailed financial plan that sets out an organisation’s expected revenues and expenditures over a defined period—typically...
Business ethics
Business ethics refers to the moral principles, values and standards that guide the behaviour of individuals and organisations in the...
Centralization and decentralization
Centralization and decentralization describe how decision-making authority is distributed within an organization, shaping how power, control, and responsibility flow across...
Cloud computing
Cloud computing is a model for delivering computing services—including storage, processing, networking, software, analytics, intelligence, and more—over the Internet (the...
Data and information
Data refers to raw, unprocessed facts and figures collected through observation, measurement, or research. On its own, data has limited...
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Insights & updates
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How KitKat snapped its way into Gen Alpha’s cool list...
For decades, KitKat was one of the UK’s most familiar chocolate bars—reliable, recognisable, and refreshingly uncomplicated. But in recent years,...
Domino's pizza spreads its wings...
Domino’s Pizza Group is taking a step outside its traditional territory. After more than a year of development, the company...
Two weeks' sick leave a year: the new normal?
The UK is experiencing its highest level of employee sickness absence in more than 15 years, with staff taking nearly...
Are workplace friendships worth more than a pay rise?
In the modern workplace, salary isn't the only thing that matters. According to KPMG’s Friends at Work 2.0 study, employees...