by alertsprofessionalservices | Jun 24, 2024 | Blog
Definition Financial statements are written records that illustrate the business activities and the financial performance of a company. In most cases they are audited to ensure accuracy for tax, financing, or investing purposes. What are the elements of financial...
by alertsprofessionalservices | Jun 10, 2024 | Blog
FUNDAMENTALS OF IFRS 15 IFRS 15 establishes the principles that an entity applies when reporting information about the nature, amount, timing and uncertainty of revenue and cash flows from a contract with a customer. Applying IFRS 15, an entity recognises revenue to...
by alertsprofessionalservices | Jun 5, 2024 | Blog
Both the International Accounting Standards (IAS) and the International Financial Reporting Standard (IFRS) are issued by International Accounting Standard Board (IASB), in London. They are developed to provide a consistent and transparent framework for financial...
by alertsprofessionalservices | May 10, 2024 | Blog
What is Tax Planning? Tax planning can be defined as an arrangement of one’s financial and economic affairs by taking complete legitimate benefits of all deductions, exemptions, allowances and rebates according to laws and regulations to ensure that tax liability...
by alertsprofessionalservices | May 10, 2024 | Blog
Benjamin Franklin once said that “the only thing certain in this world is death and taxes”. Whilst it is extremely difficult to deal with the loss of a loved one, it is important to understand the tax consequences of death. When a person passes on, all their assets...
