Blogs

With the trends facing north for intangible currencies and digital money, efficient fraud tracing has become a primary requirement. In recent times, blockchain has become that efficient method, which can be incorporated with accounting practices. With digitization, we have compromised on privacy on cloud and… Read More »

The key to business success during this unprecedented time is effectively engaging with clients. It is important to spend time and energy on building long-term relationships to push your business forward. Square Mile Global Consulting and the Global Growth Institute recently organised a webinar focusing… Read More »

Financial adherence is primary for any type of organization, irrespective of their industry or geography. It helps the stakeholders and management to analyze and take data driven decisions. With globalization and open markets, the need for standardization of accounting principles was inevitable. The standards that… Read More »

Square Mile Global Consulting is delighted to announce our partnership with the US based Association of International Certified Professional Accountants (Association) to offer new-age accredited online courses in Blockchain, Cybersecurity and Data Analytics. The Association is the most influential body of professional accountants, combining the… Read More »

We often find that technical expertise is a given in any organisation, whether in manufacturing, trading, IT, financial services or professional services (including accounting and law firms). In today’s highly competitive, uncertain environment, what are the key factors that give your team and organisation an… Read More »

Financial training and consulting are at the very heart of the Square Mile Global Consulting team. An integral part of enhancing the skills of finance teams in any organisation is the development of their managers. The Global Growth Institute and Square Mile Global Consulting are… Read More »

The world has turned upside down in the last few weeks with the impact of COVID-19 spreading to businesses and people globally. Who would have imagined this at outset of the decade? Bill Gates said in his 2015-TED talk “If anything kills over 10 million… Read More »

Role of IFRS in safeguarding investor interests IFRS is a global financial reporting language. There are 130+ countries that have either adopted the International Financial Reporting Standards (IFRS) or are in the process of doing so. How does IFRS help companies to safeguard investor interests?… Read More »

IFRS 9 Expected Credit Loss Model IFRS 9 Financial Instruments requires impairment allowance to be recognised based on expected credit losses. What are expected credit losses? Expected credit loss = Exposure at default x Loss given default x Probability of default. The general approach requires… Read More »

“US$ 3.3 trillion of lease commitments.  Over 85% do not appear on the balance sheet” (Based on a sample of 30,000 listed companies using IFRS or US GAAP) Did you know that IFRS 16 Leases effective for periods beginning on or after 1 January 2019 changes… Read More »

International Financial Reporting Standards (IFRS) govern the reporting of accounting transactions and events in financial statements. IFRS has become a global financial reporting language in the last 15 years. We now have 130+ countries that prepare IFRS financial statements for their large companies. 5 Key… Read More »