The accounting term going concern refers to the assumption that an entity will continue its operations for the foreseeable future. General purpose financial statements are prepared using the going concern basis of accounting unless management either intends to liquidate the entity or cease operations or has no realistic alternative but to do so (ISA 570.2). […]
Graphic design has been around for many years and evolved into many different specifications within the same field over time. The marketing team at GCS Malta has outlined seven types of graphic design in this article. Visual Identity Design Visual identity includes the visual elements of branding, making a brand recognisable through images, shapes and […]
In another article focusing on Gen Z in the workplace, the Recruitment team at GCS Malta highlighted how important it is to cater to and craft a successful internal communications strategy that appeals to all the different generations in the workforce. Internal communications are how a company interacts with its people, and a whopping 44% […]
IFRS 9 is effective for annual periods beginning or after 1 January 2018, with early application permitted. In accounting, IFRS 9 specifies how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items. IFRS 9 requires an entity to recognise a financial asset or a financial […]
Despite the conveniences of teleworking, some employees still prefer to work onsite. A report from Eurofound states that 73% of those whose jobs provide hybrid work setups, and 33% of those whose jobs are entirely teleworkable, never work remotely. In another report, The Malta Employers’ Association states that despite the recent spike in remote work, […]
One of the security challenges that organisations face in compliance is how to protect their data, especially when employees access company servers outside the organisation’s premises. Since the COVID-19 pandemic, most employees have been working from home, so more organisations need to invest in technology that will provide them with the most benefits regarding the […]
A logo is a combination of text, colour and symbols used to identify a business or organisation. However, what truly makes a logo ‘good’? Our fantastic marketing team at GCS Malta discusses a good logo’s characteristics in this article. Good logo design has to do with how a brand’s needs are satisfied; usually, this is […]
International sanctions are penalties imposed in an attempt to be as diplomatic as possible when a country is breaking international law and threatening international peace and security. Due to the rise in conflict between Russia and Ukraine, a significant amount of new international sanctions are being imposed. The auditors at GCS Malta discuss the impact […]
Similarly to real property, intellectual property is subject to tax. However, IP is not subject to physical constraints, so its owners are theoretically free to own it in any jurisdiction. Therefore, IP is patents, trademarks, and copyrights. These patent rights or intellectual property rights allow you to exclude other people, companies and practically every country […]
While every aspect of a company is important, human resources (HR) is what keeps the door open. Good human resource management is essential for all businesses, which is why the HR team at GCS Malta has outlined the 7 core functions of HR in this article. What is a human resources? While it might feel […]