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 →
How the ideas are conceived / businesses starts and then in a very short time shut down
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 →
How and when the offsetting of financial assets and liabilities is allowed
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 is Origins by Dan Brown. It is 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 →
The fear of public speaking is termed as among the top most fears of the world where some of the surveys rank it more than the fear of death. The authenticity of these surveys can be questioned but a litmus test can be when your boss asks to u give a presentation in the next... Continue Reading →
Keeping the staff motivate is among the most daunting task faced by the HR professionals in an organization. One of the most easiest way found by the HR in stimulating motivation is hiring an external trainer / coach who give a fancy presentation or let you play games in a day long training sessions. Similarly,... Continue Reading →
Provisions - recognition IAS 37 defines provision as a liability of uncertain timing or amount. So, provision is a type of liability the timing and amount of which is uncertain. Liability is defined in the Conceptual Framework for Financial Reporting which is repeated by IAS 37 as well, as a present obligation of the entity... Continue Reading →
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