Business Valuations – Science or Art?

There can be multiple approaches to business valuation and few are explained in this article. However, business valuations are not restricted to numbers only. There are many other qualitative factors that impact business decisions.

Business Plan for Startups

A great Business Plan is the Corner stone for securing funding for startups. However, not all the business owners are great in developing a compelling Business Plan. I have tried to summarize the key components of any business plan. Do give it a read and provide your feedback.

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 →

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 →

IAS 37 – Provisions (only)

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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