In a sale-and-leaseback transaction (‘SALT’), an entity (seller-lessee) sells an asset to another entity (buyer-lessor) who then leases it back to the seller-lessee. The accounting for a…… Read more “IFRS 16 – Sale & Leaseback”
Blog
IFRS 15 – Costs to fulfil a contract
If the costs to fulfil a contract (e.g. a construction company may need to mobilize equipment to the construction site) are not within the scope of another…… Read more “IFRS 15 – Costs to fulfil a contract”
IFRS 15 – Costs of obtaining a contract
Under IFRS 15, costs to obtain a contract that would have been incurred irrespective of whether the contract was obtained are recognized as an expense when incurred,…… Read more “IFRS 15 – Costs of obtaining a contract”
How to Spot a Pyramid Scheme
Pyramid profile checklist: Promise large monthly income working from home?Require to invest your own money?Strongly emphasizes recruiting?Complex commission structure?Lacks outside retail sales?Sounds too good to be true?…… Read more “How to Spot a Pyramid Scheme”
IFRS 9 – The ‘SPPI’ test
Under IFRS 9, one important condition for a financial asset to qualify for amortized cost classification is that the financial asset must meet the “SPPI” contractual cash…… Read more “IFRS 9 – The ‘SPPI’ test”
The Crisis of Credit Visualized
https://www.youtube.com/watch?v=bx_LWm6_6tA Contact us to find out more about our pre-designed and tailored financial training seminars.
5 most scandalous fraud cases of 2018
Danske Bank ranks at the top with the $234 billion money laundering scandal. As a result of the scandal coming to light, Danske’s CEO resigned. He said in…… Read more “5 most scandalous fraud cases of 2018”
How does money laundering work?
https://www.youtube.com/watch?v=257wV-AbKaE Contact us to find out more about our pre-designed and tailored seminars on Fraud Prevention, Detection & Deterrence.
How people rationalize fraud
https://www.youtube.com/watch?v=Tb6QX9Yy1GM Contact us to find out more about our pre-designed and tailored seminars on Fraud Prevention, Detection & Deterrence.
Pyramid Schemes and Ponzi Schemes Explained in One Minute
What is the difference between the 2 schemes? https://www.youtube.com/watch?v=1QkZcdCDJJg Contact us to find out more about our pre-designed and tailored seminars on Fraud Prevention, Detection & Deterrence.
