Gross vs net profit: Why numbers are deceiving
In the world of business, your earnings can make a large difference between getting investors to invest in your business and being completely overlooked. Many business owners think that the more money they bring in, the more likely it is that investors will show interest. This is true to some extent, but in actuality, thinking […]
IFRS 15 – Revenue from contracts with customers
IFRS 15 recently became effective for financial periods beginning on or after 1 January 2018. IFRS 15 is only applicable to entities that have implemented International Financial Reporting Standards as their financial reporting framework. The new standard does not currently affect entities utilising the International Financial Reporting Standards for Small and Medium-Sized Entities as financial […]