Public Private Partnership – Accounting Implications

The concept of public private partnership was introduced to combine contrasting objectives i.e. public sector whose prime objective is to provide maximum service to general public whereas private sector whose main objective is to maximize profits and returns for its shareholders. There is no consensus on the definition of PPP however, the most relevant definition... Continue Reading →

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IFRS 9 – The Expected Credit Loss Method

In Numerology, Number 9 is known as the number of Universal Love, though in the International Financial Reporting Standards, IFRS 9 ‘Financial Instruments’ was certainly not welcomed with much love. After the financial crisis of 2007 and 2008, the accounting standard bodies were blamed for not adequately catering the impairment provisions of financial assets. The... Continue Reading →

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Inflation Indices

We all have come across the recent headlines relating to inflation in Pakistan that our Consumer Price Index (CPI) based inflation increased to 9% on year on year basis. However, CPI is not the only inflation index, there are other indices as well through which inflation is being measured. Let’s see what these indices are and when are they used.

The Changing Environment

We all would have come across this question in our childhood. What you want to become in future? And 99% of the answers were Doctor, Engineer and Pilot. Is this true for today? Let’s see! Current era We live in a fast evolving era where things become obsolete in months. Do we remember the black... Continue Reading →

IS IT THE RIGHT TIME?

For all those small investors who have invested their limited savings in stock exchange directly or indirectly (through mutual funds, etc.) have been wondering and asking their stock brokers is it the right time for investment or disinvestment or not? More often or not stock brokers come up with lollipop statements that its just a... Continue Reading →

Why Budgeting?

“Don't tell me what you value, show me your budget, and I'll tell you what you value.” Joe Biden That’s what the significance of Budgeting is for any Organization! But Budgeting and forecasting process in any average size Organization takes extensive amount of resources and time of all level of management. So many times executives... Continue Reading →

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