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A Synopsis of IFRS 16 – Accounts Receivable

Introduction: Accounts receivable – IFRS 16 has removed the classification concept between operating and finance leases in the lessee’s books...

How to determine a functional currency in financial reporting

Introduction : With the ever increasing globalization, many companies around the world are expanding their reach to multiple countries. The...

A guide to period-end closure of the Accounts Payable

Being accounting professionals, we need to be on top of things when it comes to the period-end closure of the books...

What Is Audit Support and QuickBooks, How Does It Work?

Introduction: If you have been fortunate enough to work with a good Auditing firm, you must have come across the...

How to expand Business Registration in the USA

In the USA, states have powers to recognize the incorporation of the business in the case of Intracompany sales. If...

Form W-2 Wage and Corporate tax: What It Is and How to Read It

What is W2? W2 is a form prepared, filed with the IRS and shared to all the employees. The structure...

Audit Materiality & Significance of Financial Statements

‘Materiality’ – If you are an audit or accounting professional, this term should sound very much familiar to you. Right from...

Debt Modification and Cash Flow

IFRS 9 – Debt Modifications There can be various modifications in the terms of your debt agreements such as change...

Are Financial Advisors Ready for Audit Support?

When we are filing the 1040 of any individual, the most common question for any person is about virtual currency...
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