All Accounting and financial reporting
In January 2016 the International Accounting Standards Board (IASB) issued IFRS 16, ‘Leases’, and thereby started a new era of lease accounting – at least for lessees! Whereas, under the previous guidance in IAS 17, Leases, a lessee had to make a distinction between a finance lease (on balance sheet) and an operating lease (off […]
Lease Accounting- From IAS17 to IFRS 16 Read More »
Payroll and accounting services are a hefty and important aspect to any business of any size. It’s no wonder mistakes in those areas can cost companies billions of dollars. It’s a delicate aspect of virtually any industry, but it’s a requirement that no one can avoid. A lot of business owners, especially smaller ones just
Why to Outsource ?? Read More »
IFRS 9 is a reporting standard for financial instruments that replaces IAS39 (the previous incurred loss standard) with the introduction of provisions for expected credit losses (ECLs) on all financial assets, such as those held to collect contractual cash flows, or held with the possibility of being sold. The date for adoption was January 1,
IFRS 9 Impairment How to calculate ECL Read More »
