Environmental, Social, and Governance (ESG) factors are rapidly transforming the business landscape. Investors, customers, and stakeholders are increasingly demanding transparency from companies regarding their impact on the environment, their social responsibility practices, and their commitment to ethical governance. This is …
Environmental, social, and governance (ESG) issues are no longer fringe concerns. They are central to a company’s long-term viability and a critical lens through which stakeholders assess corporate performance. To address this growing need for transparency, companies are increasingly adopting …
Warranty sometimes lures us into buying a product or service. Warranty for two, five, or ten years on several products and services ranging from a backpack to an electronic gadget. Warranties assure of quality in a sense that the said …
The acquisition method’s overall principles can be summarised in the following steps: Step -1: Identifying the acquirer. Step 2: Determining the acquisition date. Step 3: Recognising and measuring the consideration transferred for the acquiree, including any previously held interest, and …
Stapling transaction and Dual-listed entities under IFRS 3 A stapling arrangement (that is, one that combines separate entities and businesses by the unification of ownership and voting interests in the combining entities) is a business combination. The formation of dual …
What is CGU……. We have heard a lot of times that impairment should be carried at the individual CGU levels. now, what is this CGU… Here is what we have discussed some of the excerpts; A cash-generating unit is “the …
Scope This Standard shall be applied in accounting for the impairment of all assets, other than: inventories; contract assets and assets arising from costs to obtain or fulfil a contract that are recognized in accordance with IFRS 15 Revenue from Contracts with …
IFRS 15 – Revenue from contracts with customers. The core principle of IFRS 15 (the revenue standard) requires an entity to recognise revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration …
Q&A. 1: Is a perpetual period a ‘period of time’? In order to qualify as a lease, an arrangement must convey a right to use an identified asset for a ‘period of time’. However, some contracts such as certain land …
Not always a stake of more than 20% means that an entity has significant influence. The whole thing depends on how influence is exercised in closed rooms of the Board. The ability to participate is what matters… It is important …