“Good CFO/Bad CFO” The CFO is as much about the business itself as the numbers, A good understanding of both makes a good chief financial officer. Also, a good CFO has a good team and allows them to grow professionally ... 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 Keeping DSO Down As the economic impacts of COVID-19 continue to unfold the world, many organizations face hard decisions. If your company is slashing discretionary spending, lengthening its payables,... Cash Management Finance Nov 18, 2023
Impact of IFRS 16 on Business Valuation Introduction The International Accounting Standards Board (IASB) issued IFRS 16: Leases in 2016. The standard is effective for financial periods beginning on or after 1 January 2019. IFRS 16 replaces ... Accounting IFRS Nov 18, 2023
Disposal of controlling interest while retaining associate holding IFRS 10 sets out the adjustments to be made when a parent loses control of a subsidiary: • Derecognize the carrying amount of assets (including goodwill), liabilities and NCIs • Recognize the fair val... Accounting IFRS Nov 18, 2023
Goodwill and non-controlling interests (NCI) Goodwill is 'an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised' (IFRS 3 App... Accounting IFRS Nov 18, 2023
IFRS 10, Consolidated financial statements. The objective of IFRS 10 is to establish principles for the presentation and preparation of consolidated financial statements. These are the financial statements of a group where the parent and its su... Accounting IFRS Nov 18, 2023
Purchase consideration | Business Combinations – IFRS 3 The purchase consideration includes the fair value of all interests that the acquirer may have held previously in the acquired business. This includes any interest in an associate or joint venture, or... Accounting IFRS Nov 18, 2023
How To Get Liquid and Free-up Resources For Your Next Big Strategic Move If you want to make a big business move like increasing your product line or breaking into a new market, you first need some research for planning out the strategies but you also need money -- lots of... Finance Investment Nov 6, 2023