Consolidation of Financial Statements part 6 - SOCI In the past articles we looked at the details of consolidation and its related complications. We have looked at the statement of financial position in detail and now we are going to look at the statem... Accounting IFRS Nov 20, 2023
IFRS_Exam_Dec2019 Question 3 (a) Explain the principles underpinning the TIMING of revenue recognition and the MEASUREMENT of that revenue which are outlined in IFRS 15. You should provide examples of revenue transacti... IFRS Nov 18, 2023
Accounting For Customer Incentives Under IFRS15 Accounting for customer incentives under the recent Revenue standard IFRS15 Determining the correct accounting treatment will depend on some factors. And before start explaining, let me tell you that ... Accounting IFRS Nov 18, 2023
Steps of Using DCF for Business Valuation The DCF is among the most widely used valuation methodologies in finance. It gives you an estimate of the intrinsic value of an entity given a set of assumptions (that mainly based and drive future ca... Finance Investment Nov 18, 2023
Wirecard Scandal and Quality Control in Audit FirmsPart Two: Importance of Quality Control for Audit Firms Importance of Quality Control for Audit Firms As we have mentioned before, the term "Quality Control" has a different meaning for Audit firms. When this term is used in the manufacturing sector it ref... Audit Nov 18, 2023
Wirecard Scandal International Standard on Quality Control - ISQC 1 Wirecard Scandal and Quality Control in Audit Firms Part Three: International Standard on Quality Control - ISQC 1 ISQC 1 sets out a few principles that Audit firms need to follow to maintain a base l... Audit Nov 18, 2023
A Primer into Consolidation A Primer into Consolidation of Group Financial Statements The consolidation of financial statements of groups is an important topic when it comes to financial accounting and reporting. While making th... Accounting IFRS Nov 18, 2023
Consolidation of Financial Statements| Part 2 Consolidation of Financial Statements | Part 2 In the last article we went through the introduction of consolidation of group financial statements and touched the considerably basic definitions and pr... Accounting IFRS Nov 18, 2023
Consolidation ofFinancial Statements|Part 3 Consolidation of Financial Statements| Part 3 In the last article we started to learn the consolidation of the statement of financial position (SOFP). In this article we are going revise a bit from wh... Accounting IFRS Nov 18, 2023
Consolidation of Financial Statements| Part 4 Consolidation of Financial Statements| Part 4 In this article we are going to continue looking at some of the complications that arise during consolidation of group financial statements. In the previo... Finance IFRS Nov 18, 2023
Consolidation ofFinancial Statements |Part 5 Consolidation of Financial Statements | Part 5 We have so far covered in detail the rationale behind preparing the consolidated financial statements and the various complications that arise upon conso... Accounting IFRS Nov 18, 2023
Four Behaviours That Empower CFOs to Lead with Compassion While added stress of managing the impact of the COVID-19 pandemic hit all leader s and functions hard, the hardest hit has been chief financial officers and the departments they are leading through t... Finance Nov 18, 2023