The main scope of IAS 36 in accounting is that an asset must not be carried in the financial statements at more than the highest amount to be recovered through its use or sale. The asset is impaired if the carrying amount exceeds the recoverable amount. Therefore, the entity must reduce the asset’s carrying amount […]
Investments are assets held by enterprises to generate income through dividends, interest, capital appreciation, rentals, or other benefits. Auditors must design and perform the necessary procedures to reduce the risk of inappropriate classification or incorrect value of investments within the client’s books. The audit team at GCS Malta delves into auditing investments in this article. […]
What do you think of when you hear the word Christmas? Chocolate, presents, carolling, and holiday cheer. However, for marketers, Christmas is also an opportunity to outshine competitors with original and creative holiday content, keeping your audience engaged through the entire festive season. The innovative marketing team at GCS Malta outline 6 content marketing ideas […]
Christmas is around the corner, and with all the mouth-watering food, flowing drinks and presents buying—who is thinking about work? As early as mid-December, studies show that 60% of employees become mentally distracted during the festive season, resulting in a drop in productivity. So the HR team at GCS Malta have created a list of […]
Gone are the days when inventories and properties of companies are regarded as the most important to the business. Now, in this information age, data is considered the most valuable asset of an organisation. The IT Audit experts at GCS Malta discuss what to consider when creating a data retention policy. Data is collected and […]
Crypto assets are cryptographically secured digital representations of value that can be transferred, stored, or traded electronically. They use some form of distributed ledger technology, such as blockchain. The growing popularity of crypto assets means that owners and their tax advisors must be aware that tax authorities are also interested in these assets. The accountants […]
While many use content marketing and content writing interchangeably, content marketing is a marketing discipline involving various aspects such as market research, keyword research, customer personas etc. In contrast, content writing is creating written content that supports your content marketing objectives. Content writers are the storytellers for their brand—they write, edit and publish content digitally […]
Especially post the COVID-19 pandemic, employers should be rethinking their benefits packages to match the new needs and wants of their employees. Offering a range of benefits is a great way to attract top talent and retain the best employees. The recruitment team at GCS Malta outline the 7 most sought after benefits that employers […]
An investment is an item or asset acquired with the hope that its value increases over time to generate income. While there are several types of investments in accounting, the three main types are stocks, bonds and mutual funds. The accounting team at GCS Malta discuss these types of investments in this article. The 3 […]
The Malta 2023 Budget Highlights were published on the 24th of October 2022. This year’s budget addresses the record inflation and economic uncertainty, focusing on certainty and stability, through several measures. Click here to view our budget highlights.