The International Financial Reporting Standards

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Navigating Complex Transfer Pricing Challenges with Global Expertise

February 8, 2025by Dr Dawkins Brown

In today’s interconnected business landscape, managing transfer pricing across borders has become increasingly complex. Companies that operate internationally face mounting regulatory and tax challenges, making transfer pricing compliance a critical concern for mid-sized and large businesses. Ensuring adherence to local tax regulations while maintaining competitive agility is essential for sustainable business growth. Comprehensive Transfer Pricing...

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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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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 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....

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The Evolving Role of NFRA in Regulating Auditing Standards: Implications for the ICAI and Quality Management

January 2, 2025by Dr Dawkins Brown

The recent clarification by the Solicitor General of India (SGI), Tushar Mehta, has reaffirmed the boundaries of authority between the National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI). This pivotal decision highlights a defining moment in the governance of auditing and quality management standards in India. The implications of...

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Embracing Simplified Auditing Standards: The International Standard for Less Complex Entities

September 27, 2024by Dr Dawkins Brown

The audit landscape is evolving, particularly for businesses classified as less complex entities (LCEs). In response to these unique needs, the International Standard on Auditing (ISA) for LCEs has been introduced, offering a tailored approach that simplifies the audit process while maintaining essential standards. This standalone standard presents a streamlined framework, making audits more accessible...

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Navigating the Shift: Understanding IFRS 18 and Its Impact on Financial Reporting

August 21, 2024by Dr Dawkins Brown

The International Accounting Standards Board (IASB) has introduced one of the most significant updates to financial reporting in over two decades with the release of IFRS 18, Presentation and Disclosure in Financial Statements, on April 9, 2024. This new standard, set to supersede IAS 1, will become mandatory for reporting periods beginning on or after...

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IASB Issues Annual Improvements to IFRS Accounting Standards: Volume 11

July 22, 2024by Dr Dawkins Brown

The International Accounting Standards Board (IASB) has announced the release of a new set of amendments to the International Financial Reporting Standards (IFRS), under the title “Annual Improvements to IFRS Accounting Standards—Volume 11.” This latest volume is part of the IASB’s ongoing efforts to maintain and enhance the clarity, consistency, and applicability of IFRS Accounting...

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IFRS 18: A New Era in Financial Statement Presentation and Disclosure

July 21, 2024by Dr Dawkins Brown

The International Accounting Standards Board (IASB) has introduced a groundbreaking standard aimed at enhancing the clarity and comparability of financial statements. On April 9, 2024, the IASB completed its work on IFRS 18, “Presentation and Disclosure in Financial Statements,” which is set to revolutionize the way companies report their financial performance. This new standard is...

The International Financial Reporting Standards

Navigating Complex Transfer Pricing Challenges with Global Expertise

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

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

Understanding Deferred Tax: Bridging Temporary Differences in Financial Reporting

Demystifying Deferred Tax: A Thought Leadership Article by Dawgen Global

The Evolving Role of NFRA in Regulating Auditing Standards: Implications for the ICAI and Quality Management

Embracing Simplified Auditing Standards: The International Standard for Less Complex Entities

Navigating the Shift: Understanding IFRS 18 and Its Impact on Financial Reporting

IASB Issues Annual Improvements to IFRS Accounting Standards: Volume 11

IFRS 18: A New Era in Financial Statement Presentation and Disclosure

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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