INTRODUCTION IFRS 2 is the accounting standard that explains how to deal with share based payments. Many companies offer shares, share options, or other equity related rewards to their employees and directors. These rewards help in motivating people and in…
Introduction of IFRS 1 International Accounting Standards IAS and International Financial Reporting Standards IFRS are important guidelines that help businesses prepare financial statements in a clear and consistent way. These standards make it easier for investors and professionals to compare…
IFRS SERIES Standard Full Name Short Definition / Objective Key Points / Recommendations IFRS 1 First-time Adoption of IFRS Provides guidance for companies adopting IFRS for the first time Focus on transitional adjustments and exemptions IFRS 2 Share-based Payment Recognizes…
1. Introduction In recent years, business reporting has changed rapidly. Traditional financial statements are no longer enough to explain the true performance of a company. Investors and regulators now expect organizations to show not only their profits but also how…
Introduction Corporate Social Responsibility (CSR) has become an essential part of modern business operations. It refers to how organizations take responsibility for their impact on society and the environment while maintaining profitability. Companies today are expected to go beyond making…
Introduction Planned obsolescence is a business strategy that many companies quietly use to keep customers buying again and again. It happens when a product is designed to last for a short period or to become outdated sooner than expected. This…
Introduction Artificial intelligence is reshaping the world of accounting faster than anyone expected. What once took hours of manual work can now be completed in minutes with the help of automation and intelligent software. From data entry to auditing, AI…
INTRODUCTION In today’s world, financial frauds are becoming more sophisticated and complex than ever before. Businesses across industries face growing challenges in maintaining transparency and trust. This is where accountants step beyond their traditional duties and play a vital role…
Introduction Accounting has always evolved with time. From the days of simple records in books to today’s digital systems each stage has changed how businesses keep track of money. Double-entry bookkeeping is the base of modern accounting, but now a…
Introduction Accounting has changed a lot in the last ten years. It is no longer only about preparing financial statements or checking numbers at the end of the month. Today, businesses produce huge amounts of information every second through sales,…
