The leases standard is changing the new standard IFRS 16 leases an insight is applicable with effect from January 1, 2019. The requirements of the new standard will have a significant impact on the accounting leases by lessees’ business processes,…

IFRS 15 Overview IFRS 15 determines how and when an IFRS columnist will perceive income just as requiring such substances to furnish clients of financial reports with progressively instructive, important revelations. The standard gives a solitary, standards-based five-advance model to…

IFRS 16 Leases introduction IFRS 16 Leases gets critical changes in accounting requirements for lease accounting, essentially for lessees. IFRS 16 replaces the current suite of norms and elucidations on leases: IAS 17 Leases (IAS 17) IFRIC 4 Determining whether…

Tips To Prepare For Financial Audit: Financial audits are usually associated with a great deal of trepidation. That shouldn’t be the case though. Audits are important because they help you uncover vital information about your business and its financial position….