Dr Dawkins Brown

Accountants and accounting firm accountants and auditors Financial Analysis International auditing standards (ias)Management Consultants

Measurement of ECL: Probability of Default vs Loss Rate Approach

January 21, 2025by Dr Dawkins Brown

The measurement of Expected Credit Losses (ECL) is a cornerstone of modern credit risk management under IFRS 9. ECL quantifies the potential losses a financial institution could face due to the default of a counterparty. Two widely used methodologies for calculating ECL are the Probability of Default (PD) approach and the Loss Rate (LR) approach....

Accountants and accounting firm accounting firm International auditing standards (ias)The International Accounting Standards Board (IASB)The International Financial Reporting Standards

How to Calculate Bad Debt Provision Under IFRS 9: A Comprehensive Guide for Receivables vs. Loans

January 21, 2025by Dr Dawkins Brown

IFRS 9 introduced the Expected Credit Loss (ECL) model to replace the incurred loss model for bad debt provisioning. The ECL model is a forward-looking approach that incorporates historical, current, and future economic data to estimate credit losses. While the principles of the ECL model apply universally, there are distinct approaches when calculating bad debt...

Accountants and accounting firm accountants and auditors Accountants and Auditors in Kingston Jamaica accounting firm Accounting Software AML Audits:Audit and Assurance Services Audit firm

Dawgen Global: Your Trusted Partner for Auditing and Accounting Services in Jamaica

January 17, 2025by Dr Dawkins Brown

At Dawgen Global, we are dedicated to providing top-notch professional services that empower businesses to achieve financial clarity, compliance, and operational excellence. With a presence in Jamaica and across the Caribbean, Dawgen Global is a globally integrated multidisciplinary professional service firm offering a wide array of services, including audit, accounting, tax, IT, risk management, and...

Accountants and accounting firm Tax Firm Tax Planning Services Taxation Services The International Accounting Standards Board (IASB)The International Financial Reporting Standards

Understanding Deferred Tax: Bridging Temporary Differences in Financial Reporting

January 15, 2025by Dr Dawkins Brown

Deferred tax is often viewed as a complex and esoteric concept, misunderstood by many professionals and businesses alike. Contrary to popular belief, deferred tax is not an actual tax payment but an accrual for tax. It functions similarly to other accruals or provisions by aligning the tax effect of transactions with the period in which...

Accountants and accounting firm Tax Firm Tax Planning Services Taxation Services The International Accounting Standards Board (IASB)The International Financial Reporting Standards

Demystifying Deferred Tax: A Thought Leadership Article by Dawgen Global

January 14, 2025by Dr Dawkins Brown

Deferred tax is often viewed as a complex concept, misunderstood by many professionals and businesses alike. Contrary to popular belief, deferred tax is not an actual tax payment but an accrual for tax. It functions similarly to other accruals or provisions by aligning the tax effect of transactions with the period in which they occur....

Data Protection Digital Transformation Digitalization Management Consultants Management Consultants in Jamaica Performance Consulting Performance Management

Navigating the Ethical and Regulatory Landscape of AI in Banking

January 12, 2025by Dr Dawkins Brown

Artificial Intelligence (AI) is revolutionizing the banking sector, offering unprecedented opportunities to improve efficiency, enhance customer experiences, and drive innovation. From predictive analytics and fraud detection to personalized financial advice, AI has become integral to modern banking operations. However, this rapid adoption brings significant ethical and regulatory challenges. Banks must navigate a complex landscape...

Corporate Strategy Data Protection Digital Transformation Digitalization Financial Services

The Digital Evolution of Banking: Unveiling the Impact of Fintech and AI

January 12, 2025by Dr Dawkins Brown

The rapid evolution of technology has redefined the banking industry, transforming traditional products and services into more innovative and accessible offerings. As fintech disrupts conventional banking, it ushers in an era where customer-centricity, efficiency, and personalization are the new benchmarks. This article explores the ways in which technology is reshaping the financial services landscape, with...

Artificial Intelligence (AI)Blockchain Technology Business Development Data Protection Digital Transformation Digitalization

The Impact of Technology on Banking Products: Shaping the Future of Financial Services

January 12, 2025by Dr Dawkins Brown

The banking industry has long been a cornerstone of global commerce, but it is currently undergoing one of the most transformative periods in its history. Technological advancements have disrupted traditional banking models, introducing innovative products and services while reshaping customer expectations. This article explores the profound impact of technology on banking products, the role of...

Advisory Services Artificial Intelligence (AI)Performance Consulting Performance Management Risk Advisory Services

Strategic Risk Management in New Product Development for the Banking Sector

January 12, 2025by Dr Dawkins Brown

In today’s rapidly evolving financial landscape, banks face increasing pressures to innovate while maintaining robust risk management frameworks. New product development (NPD) is a critical avenue for growth in the banking sector, enabling institutions to respond to shifting customer demands, technological advancements, and competitive pressures. However, this process comes with inherent risks that, if not...

Advisory Services Data Protection Digital Transformation Digitalization Enterprise Resource Planning (ERP)

A Holistic Approach to Digital and AI Transformation

January 12, 2025by Dr Dawkins Brown

In an era dominated by rapid advancements in technology, the digital and artificial intelligence (AI) transformation has become a cornerstone for organizations seeking to remain competitive and innovative. While the opportunities are vast, the journey is fraught with challenges, especially when organizations adopt short-term strategies that fail to deliver sustainable results. A holistic approach to...

Newer Posts

Older Posts

Measurement of ECL: Probability of Default vs Loss Rate Approach

How to Calculate Bad Debt Provision Under IFRS 9: A Comprehensive Guide for Receivables vs. Loans

Dawgen Global: Your Trusted Partner for Auditing and Accounting Services in Jamaica

Understanding Deferred Tax: Bridging Temporary Differences in Financial Reporting

Demystifying Deferred Tax: A Thought Leadership Article by Dawgen Global

Navigating the Ethical and Regulatory Landscape of AI in Banking

The Digital Evolution of Banking: Unveiling the Impact of Fintech and AI

The Impact of Technology on Banking Products: Shaping the Future of Financial Services

Strategic Risk Management in New Product Development for the Banking Sector

A Holistic Approach to Digital and AI Transformation

February 8, 2025Generative AI vs. Traditional AI: What CEOs Need to Know

February 8, 2025The Digitalisation of Accounting Processes: A Key Lever for Business Optimisation

February 8, 2025The Critical Role of Audit in Building a Fair and Prosperous World

February 8, 2025Navigating Complex Transfer Pricing Challenges with Global Expertise

February 8, 2025The Importance of a Skilled and Independent Advisor in Business Valuation

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