If you are involved in financial reporting and analysis of large insurance companies, I am sure a day would not pass in the year 2022 without thinking of IFRS 17. IFRS 17 is a comprehensive standard on accounting for insurance contracts – the first time… Read More »
IPSAS 43 Leases Why IPSAS 43? IPSAS 13 requires lessees and lessors to classify leases as either finance or operating leases. This is based on the risks and rewards incidental to the ownership model. Unlike finance leases, operating leases do not require lessees to recognise… Read More »
The Global Growth Institute conducted research with managers across the world to understand what they really think and what organisations are doing right – and wrong. One of the questions asked was: “If you could change one thing about your role as manager, what would… Read More »
International Financial Reporting Standards (IFRS) has become a global accounting language. There are currently over 140 countries that require or permit the use of IFRS for listed companies. What is special about IFRS that more than half the world has adopted the Standards? The answer… Read More »
We at Square Mile Global Consulting recently announced our membership of the CPD Certification Service. The CPD Certification Service is the independent CPD accreditation centre working across all sectors globally. As a member of the CPD Certification Service, we are able to provide CPD UK… Read More »
Cryptocurrencies have become popular in the last few years. There are over 10,000 cryptocurrencies with the global crypto market capitalisation over $2 trillion. A cryptocurrency, such as Bitcoin, Ethereum or Ripple is a form of digital asset. Buyers use money to buy cryptocurrency such as Bitcoin (or a… Read More »
Cryptocurrencies have become popular in the last few years. There are over 10,000 cryptocurrencies with the global crypto market capitalisation over $2 trillion. A cryptocurrency, such as Bitcoin, Ethereum or Ripple is a form of digital asset. Buyers use money to buy cryptocurrency such as Bitcoin (or a… Read More »
As we all have seen, the world has turned upside down in 2020. The coronavirus pandemic has affected businesses globally. This has an impact on the financial statements prepared under the International Financial Reporting Standards (IFRS). The impact of COVID-19 can be summarised, at a… 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 »
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 »