The job market is evolving at an unprecedented pace. Automation, artificial intelligence, and digital transformation are reshaping industries, making traditional skills obsolete while increasing demand for new expertise. Employers today value more than just degrees; they prioritize adaptability, problem-solving skills, and a willingness to learn. Whether you aim to rise within your current job, transition to a new field, or launch your own business, committing to learning is key to achieving lasting success. By investing in up skill development , professionals can confidently navigate these shifts and remain competitive in their industry. Benefits of Continuous Learning: With rising competition across industries, s taying Competitive in the Job Market is necessary. Employers today are on the search for team members who can adapt to new technologies and demanding working trends. Continuous knowledge enhancement includes mastering new software, acquiring language skills, or develo...

  Background In previous blog we had seen what property, plant and equipment (PPE) is and its recognition and initial measurement principles under International Financial Reporting Standards (IFRS) as per IAS 16 – PPE. In this blog we will understand accounting for an equally important resource or asset for a business, however, which does not have physical substance, called as intangible asset. Intangible assets cannot be seen or touched because they lack physical substance for e.g. brands, copyrights, patents, trademarks, trade names, Customer relations etc. Intangible assets are crucial for businesses in some sectors because they provide competitive advantage, innovative capabilities and long-term value, in the business.   IAS 38 – Intangible assets under IFRS framework  provides the detailed accounting for such intangible resources. It provides in depth guidance on the topics like which resources can be considered as intangible assets (IA), when entity is eligible...

  Introduction As financial training has changed its methodologies, IFRS online classes are now crucial for those professionals who are looking to upskill. Among the most popular learning formats are live and self-paced IFRS online classes. Choosing the right format depends on your goals, schedule, and learning style. You can read on and decide how to learn IFRS online: through live or self-paced classes. IFRS Classes: Live and Online Live IFRS classes are conducted virtually but in real-time in which participants can interact directly with both their instructors and peers online. These interactive sessions in virtual classrooms run with preset schedules and structured guidance. Features: The best features of IFRS courses for professionals include: ·         Live instructor-led courses ·         Live Q&A sessions for instant doubt clarification ·         Varied oppor...

Introduction: Accounting is the backbone of the business financial world. The aim of financial reporting is to understand the business through the numbers and facts. Worldwide accounting practice was highly diverse and meaningfully comparing financial statements of entities located in different countries was very difficult. Considering the increasing trend of globalisation across the world, harmonisation in the accounting was necessary. International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board. In simple words IFRS are a set of accounting rules for how information should be gathered and presented in financial reports. They constitute a standardised way of describing the company's financial performance and position so that company  financial statements  are understandable and comparable across international boundaries. They are particularly relevant f...