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Navigating the Global Risk Landscape in 2025 and Beyond: A Strategic Perspective

February 8, 2025by Dr Dawkins Brown

The global risk landscape is rapidly evolving, shaped by technological advancements, environmental hazards, and increasing geopolitical tensions. According to the World Economic Forum’s (WEF) Global Risks Report, which surveyed over 900 experts, the most pressing short-term and long-term risks facing the world highlight the need for immediate action and strategic planning by businesses, governments, and...

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Decoding IAS 28 Revisions: Transforming Equity Method Practices for the Future

January 27, 2025by Dr Dawkins Brown

The International Accounting Standards Board (IASB) has recently released an Exposure Draft aimed at revising IAS 28, Investments in Associates and Joint Ventures. This initiative seeks to address longstanding application challenges, enhance comparability across financial statements, and improve the overall understandability of the equity method. These changes are particularly significant for entities using IAS 28...

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The FASTER Directive: Simplifying Withholding Tax in the European Union

January 27, 2025by Dr Dawkins Brown

The European Union’s FASTER Directive, officially published on January 10, 2025, marks a groundbreaking step in simplifying and expediting the repayment of excess withholding tax (WHT) levied by some Member States on dividends paid to non-resident equity holders. By addressing long-standing challenges in cross-border tax matters, this legislation holds transformative potential for businesses and investors...

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The Generative AI Revolution: Redefining Business Success in a Digital World

January 26, 2025by Dr Dawkins Brown

Generative AI is not just another technological innovation—it’s a game changer poised to redefine industries. From enhancing operational efficiency to driving customer engagement, generative AI offers a wide range of opportunities for businesses willing to embrace change. However, unlocking its full potential requires a thoughtful strategy, robust infrastructure, and a willingness to navigate challenges. This...

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Comprehensive Guide to IFRS 15: Revenue from Contracts with Customers

January 21, 2025by Dr Dawkins Brown

Revenue recognition is a cornerstone of financial reporting, directly impacting an entity’s financial health and stakeholder trust. IFRS 15, Revenue from Contracts with Customers, revolutionizes the approach to revenue recognition by introducing a uniform framework applicable across all industries. This article explores the five-step model at the heart of IFRS 15, its industry implications, challenges,...

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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....

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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...

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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....

Newer Posts

Older Posts

Navigating the Global Risk Landscape in 2025 and Beyond: A Strategic Perspective

Decoding IAS 28 Revisions: Transforming Equity Method Practices for the Future

The FASTER Directive: Simplifying Withholding Tax in the European Union

The Generative AI Revolution: Redefining Business Success in a Digital World

Comprehensive Guide to IFRS 15: Revenue from Contracts with Customers

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

February 18, 2025Vacancy Announcement: Information Technology Clerks

February 18, 2025Understanding the Four Core Business Processes: P2P, R2R, Q2C, and O2C

February 18, 2025Mastering Key Business Processes for Retail and CPG Success: Strategies for Enhancing Efficiency and Profitability

February 15, 2025The Role of Auditors in the Cryptocurrency Market

February 12, 2025Now Hiring: Corporate Attorney – Join Dawgen Global!

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