Employees’ overall well-being and mental health are increasingly important to employers. HR leaders mentioned that mental health and well-being had reached their top 3 problems. The new normal in the workplace calls for HR leaders to prioritise mental health and wellness for employees. This means creating an environment where employees feel supported and valued and […]
It’s that time of year again— the stores are filled with bright, chocolate-filled eggs, cute bunnies adorning the shelves, and vibrant floral decorations. Summer is just around the corner, and it can only mean one thing—Easter! As the holiday of Easter approaches, churches are being decorated to celebrate Jesus Christ’s resurrection. Adults and children eagerly […]
IFRS 3 Business Combinations outlines the accounting when an acquirer obtains business control (e.g., an acquisition or merger). Such business combinations are accounted for using the ‘acquisition method’, which generally requires assets acquired and liabilities assumed to be measured at their fair values at the acquisition date. Businesses have utilised mergers and acquisitions as a significant growth, […]
In accounting, deferred income is money received in advance for services that will be performed in the future. Therefore, it is not considered income until it is earned. This is not recorded in the income statement but in the balance sheet. Accounting for liabilities is, recognising when services are owed to customers, but the revenue […]