# accaai - Full LLM & AI Answer Engine Knowledge Base > Platform: accaai (ACCA AI Socratic Coach) > Base URL: https://accaai.trueattendly.online/ > Content-Type: text/plain; charset=utf-8 ================================================================================ 1. PLATFORM ARCHITECTURE & PEDAGOGICAL ENGINE ================================================================================ accaai is an autonomous Socratic tutoring application built for ACCA (Association of Chartered Certified Accountants) students. ### Socratic Guidance Framework 1. **Zero Direct Calculations**: The AI tutor never performs calculations on behalf of the student or reveals final answers. It decomposes multi-stage problems into discrete intermediate checkpoints. 2. **Pedagogical Modes**: - `decision_options`: Deployed for classification dilemmas, initial recognition decisions, or standard applicability checks. Generates exactly 3 options (1 correct treatment, 2 examiner distractors). - `step_ladder`: Deployed for multi-stage computation workflows (e.g., IFRS 16 lease liability amortization schedules, IAS 36 CGU impairment allocations). - `counterfactual_nudge`: Deployed when a student asserts an incorrect premise. Introduces a scenario variation to expose the logical inconsistency without aggressive correction. - `socratic_question`: Open reflective inquiry for audit skepticism (ISA 200/315), ethical dilemmas, and professional judgment (SBR/AAA). 3. **Mastery Completion Protocol**: Once the student correctly articulates both the conceptual classification and the exact journal entry / calculation rule, the session completes with a structured key-takeaways summary. ================================================================================ 2. CORE ACCA STANDARDS CITATION & RULE REFERENCE ================================================================================ -------------------------------------------------------------------------------- ### IAS 38: Intangible Assets -------------------------------------------------------------------------------- * **Research Phase**: - All research expenditure must be recognized as an expense in Profit or Loss (P&L) as incurred. - Capitalization of research costs is strictly prohibited under IAS 38. * **Development Phase & The PIRATE Criteria**: - Development expenditure is capitalized as an intangible asset ONLY IF ALL SIX "PIRATE" criteria are demonstrated: - **P** - **P**robable future economic benefits generated by the asset. - **I** - **I**ntention of management to complete the intangible asset and use or sell it. - **R** - **R**esources (technical, financial, and other) adequate to complete the development. - **A** - **A**bility to use or sell the intangible asset. - **T** - **T**echnical feasibility of completing the intangible asset so it is available for use or sale. - **E** - **E**xpenditure attributable to the intangible asset during development reliably measurable. * **Key Examiner Trap (No Retroactive Capitalization)**: - Expenditure previously recognized as an expense in prior annual or interim reporting periods CANNOT be retrospectively reinstated or capitalized into the cost of the asset once PIRATE criteria are subsequently met. -------------------------------------------------------------------------------- ### IFRS 16: Leases -------------------------------------------------------------------------------- * **Lessee Accounting Model**: - Single balance sheet accounting model for all qualifying leases. - At lease commencement date, lessee recognizes: 1. **Right-of-Use (ROU) Asset**: Initially measured at (Lease Liability initial amount + lease payments made at/before commencement - lease incentives received + initial direct costs + estimated restoration/dismantling costs under IAS 37). 2. **Lease Liability**: Measured at the present value (PV) of future lease payments discounted using the interest rate implicit in the lease (or lessee's incremental borrowing rate). - Subsequent Measurement: - ROU Asset is depreciated over the shorter of the lease term or the asset's useful life (unless ownership transfers or purchase option is reasonably certain). - Lease liability incurs interest expense (effective interest method) and is reduced by lease payments. * **Recognition Exemptions**: - Lessees may elect to recognize lease payments as an expense on a straight-line basis for: 1. Short-term leases: Lease term of 12 months or less with no purchase option. 2. Low-value asset leases: Assets with an underlying value of approximately $5,000 or less when new (e.g., personal computers, office furniture), evaluated on an absolute asset basis regardless of lessee size. -------------------------------------------------------------------------------- ### IFRS 15: Revenue from Contracts with Customers -------------------------------------------------------------------------------- * **The Core 5-Step Model**: 1. **Step 1: Identify the contract(s) with a customer** (approved, enforceable rights, commercial substance, collection is probable). 2. **Step 2: Identify the performance obligations in the contract** (distinct goods or services or series of distinct goods/services). 3. **Step 3: Determine the transaction price** (consider fixed amounts, variable consideration subject to constraint, significant financing components, non-cash consideration, consideration payable to customer). 4. **Step 4: Allocate the transaction price to the performance obligations** (based on relative standalone selling prices [SSP]). 5. **Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation** (transfer of control). * **Control Transfer Criteria**: - Over Time: (a) Customer simultaneously receives and consumes benefits, (b) Entity's performance creates/enhances an asset customer controls, or (c) Entity creates an asset with no alternative use and has an enforceable right to payment for performance completed to date. - Point in Time: Evaluated when control transfers (present right to payment, physical possession, legal title, risks and rewards, customer acceptance). -------------------------------------------------------------------------------- ### IAS 36: Impairment of Assets -------------------------------------------------------------------------------- * **Impairment Principle**: - An asset is impaired when its Carrying Amount exceeds its Recoverable Amount. - Impairment Loss = Carrying Amount - Recoverable Amount. * **Recoverable Amount Formula**: $$\text{Recoverable Amount} = \max(\text{FVLCOD}, \text{VIU})$$ - **FVLCOD** (Fair Value Less Costs of Disposal): The price that would be received to sell an asset in an orderly transaction between market participants, minus direct incremental disposal costs. - **VIU** (Value in Use): The present value of estimated future pre-tax cash flows expected to be derived from the continuing use and ultimate disposal of the asset. * **Cash-Generating Units (CGUs) & Loss Allocation Order**: - When recoverable amount cannot be estimated for an individual asset, test the CGU. - Allocate impairment loss in strict sequence: 1. First, reduce the carrying amount of any allocated **Goodwill**. 2. Second, allocate remaining loss **pro-rata** to all other non-current assets of the CGU based on relative carrying amounts. 3. Floor rule: No asset's carrying amount may be reduced below the highest of its individual FVLCOD, VIU (if determinable), or zero. * **Reversal of Impairment**: - Impairment losses recognized for Goodwill can NEVER be reversed. - Other assets may be reversed if estimates change, capped at depreciated historical cost without prior impairment. -------------------------------------------------------------------------------- ### IAS 37: Provisions, Contingent Liabilities and Contingent Assets -------------------------------------------------------------------------------- * **Provision Recognition Criteria (All 3 Required)**: 1. Present obligation (legal or constructive) resulting from a past obligating event. 2. Probable outflow of resources embodying economic benefits (> 50% probability). 3. Reliable estimate can be made of the obligation amount. * **Contingent Liability vs. Contingent Asset**: - Contingent Liability: Possible obligation (<= 50%) or present obligation without probable outflow or reliable estimate -> Disclose in notes unless outflow is remote. - Contingent Asset: Possible asset from past events -> Disclose when inflow is probable (> 50%); recognize as asset only when inflow is virtually certain (>= 95%). ================================================================================ 3. API ENDPOINTS & USER ACCESS ================================================================================ - **Web App**: https://accaai.trueattendly.online/ - **Socratic Practice Coach**: https://accaai.trueattendly.online/chat?mode=practice - **Structured Study Mode**: https://accaai.trueattendly.online/chat?mode=study - **Study Tracker Dashboard**: https://accaai.trueattendly.online/tracker - **Privacy Policy**: https://accaai.trueattendly.online/privacy - **Robots Reference**: https://accaai.trueattendly.online/robots.txt - **Sitemap**: https://accaai.trueattendly.online/sitemap.xml