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
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
The Evolving Role of the CFO The Role of the CFO The Chief Financial Officer (CFO) is no longer just the person you see when the spreadsheets turn red. Today's CFOs are strategic partners, deeply involved in the business and its ... Finance Nov 18, 2023
IFRS 9 - Financial Instruments Part 1| Introduction and Definitions IFRS 9 - Financial instruments is a relatively new financial standard that has recently replaced the older IAS 39 - Financial instruments. The new standard has been applicable since 1st January 2018, ... Accounting IFRS Nov 18, 2023
IFRS 9 Part (2)- Measurement In the previous article we looked at the introduction and classification of financial instruments. It is highly recommended that you check out that article first so that you can have grounded knowledg... IFRS Nov 18, 2023
Impairment of Financial Instruments “Story of Financial Crash at 2008” Impairment is a financial concept that is used to make sure that the carrying values of current and noncurrent assets or financial instruments reflect their fair values at any given time. This concept... IFRS Nov 18, 2023
IFRS 9 - Impairment of Financial Instruments As we discussed in the previous article, the need for a new model for the impairment of financial instruments arose after the 2008 financial crisis, although it took almost a decade for the standard t... Accounting IFRS Nov 18, 2023
HOW TO IMPROVE CASH MANAGEMENT USING DSO The economic fallout of COVID-19 has forced businesses to make tough choices. From cutting expenses to extending payment terms with suppliers, many companies are prioritizing short-term survival. But ... Cash Management Finance Nov 18, 2023