Finance & Accounting

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Financial Reporting

Important Financial Deadlines you can’t afford to mis...

Financial Deadlines

If you are a taxpayer or an investor, then there are various deadlines that you cannot afford to miss. These deadlines range from filing belated income tax...

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Finance & Accounting

The treatment of Non-Current Assets that are Held for S...

Non Current Assets

Non-current assets held for sale are subject to IFRS 5. Such assets occur when companies decide to stop specific operations or sell assets that were not pr...

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Finance & Accounting

5 Ways to manage debt burden

manage debt burden

In today’s time loan disbursal has become much easier than what it used to be with the advent of financial technology companies and automation of the loa...

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Finance & Accounting

Need for IAS 19 and its Accounting Principles for Emplo...

IAS 19

Employee benefit expenses and liabilities must be presented in your accounting records in a consistent and fair manner. Accounting, presentation, and discl...

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Finance & Accounting

Accounting for Business Combinations under IFRS 3

IFRS 3

A business combination is the consolidation of two or more independent entities or enterprises into a single reporting entity. Almost all business combinat...

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Finance & Accounting Income Tax

A detailed guide on IAS 12 on Income Taxes

IAS 12

Because its concept and application are difficult to understand, deferred income tax is one of the top ten causes of accountants' challenges. When it comes...

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Finance & Accounting

All you need to know about IAS 16

IAS 16

IAS 16 specifies the accounting treatment in relation to property, plant, and equipment (PPE), making it one of the essential and widely used standards. Th...

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Finance & Accounting

What does IAS 10 say about Events after the Reporting P...

IAS 10

There may be a period of time between the balance sheet date (or the reporting date) and the day the financial statements are approved. Some events will oc...

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