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 →
There has been no clear guidance available in IFRS (accounting standards) in relation to the accounting for Capital Spares and Stand-by equipment. I have tried to summarize the interpretations used by various accounting firms and committees. Hope you find it useful.
Pakistan is ranked 108 in the World Bank (WB) recently updated Ease of Doing Business Index, an improvement of 28 from the previous rank of 136. The one achievement that the PTI government can claim for itself in this troubling environment, is the improvement in the ease of doing business index. So, what actually does... Continue Reading →
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 →
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 →
“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 →
via What motivates you?
We all have studied in our college or university days that debt financing is cheaper than equity financing as the returns of the debt holders are secured. However, considering the current monetary environment of the country where the benchmark interest rate has been increased to 10% -- its six years high level, Companies are more... Continue Reading →
The book I have chosen to share with you is Origins by Dan Brown. It’s a mystery thriller novel, set out in Spain. Dan Brown is an American author who has written many Best Selling Books including The De Vinci Code. He follows the theme of Science vs. Religion, where scientific discoveries challenge the religious... Continue Reading →