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.

Public Private Partnership (PPP) – Accounting Implications

The concept of Public Private Partnership (PPP) 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... Continue Reading →

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 →

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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