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 […]
The digital marketing world is constantly progressing, and marketers must stay updated with the ever-changing and emerging trends. You can use various tools to take your digital efforts to the next level. The marketers at GCS Malta discuss several digital marketing tools to use in 2023 in this article. 10 Tools to add to your […]
International Women’s Day arrives once every year on the 8th of March. It’s a time to celebrate women’s achievements, demand equality and fight for fundamental rights and freedoms. What is International Women’s Day? Every year on 8 March, International Women’s Day is celebrated to honour women’s accomplishments and advocate for positive change in the lives […]
According to the World Health Organization (WHO), stress can be any form of change that causes physical, emotional, or psychological strain. Contrastingly, stress management is the broad spectrum of techniques to control one’s stress levels. Managers must understand the importance of managing stress to prevent employees from burning out. The HR experts at GCS Malta […]
International Standard on Auditing (ISA) 701, effective for audits of financial statements for periods ending on or after 15 December 2016, deals with the auditor’s responsibility to identify and communicate key audit matters (KAMs) in the auditor’s report. The auditing team at GCS Malta discusses this further in the article below. What are key audit […]
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The gender pay gap is the average difference between the remuneration for men and women. The gap has decreased significantly throughout the years; however, it is still present today. Studies show that the average gender gap in the UK was 15.5% in 2020. As a human resource (HR) professional, one must ensure employees have a […]
Marketing graphic design focuses on promoting a brand’s product in the most visually appealing way possible while communicating the company’s visual identity. The marketing professionals at GCS Malta discuss the elements of Graphic design in this article. Why is design important in your marketing efforts? While many companies try to design everything themselves instead of […]
Malta taxes individuals who are both domiciled and ordinarily resident in Malta on their worldwide income. Any person who is ordinarily resident in Malta but not domiciled in Malta is taxable only on income arising in Malta and on any foreign income remitted to Malta. Such persons are not taxable in Malta on capital gains […]