The following article provides a brief summary of the main principles of the new interpretation of the National Accounting Board: I-41 “Customer Loyalty Programmes”.
In business, leases usually represent a significant fixed cost that needs to be paid regularly. The COVID-19 epidemic stopped or restricted the business activities of many lessees who thus lost their income but…
As government assistance and contributions have been provided more frequently in the period affected by the COVID-19 epidemic, a need has arisen to reflect the use thereof appropriately in accounting. In this a…
With the development and globalisation of the manufacturing industry, there has been an increase in the number of producers involved in supplying individual components to assemble a final product. The automotiv…
New standardised INCOTERMS® 2020, issued by the International Chamber of Commerce in September 2019, became effective on 1 January 2020. Compared to the 2010 version, INCOTERMS® 2020 are clearer and offer more …
In this article, we will briefly summarise the main features of Interpretation I-40 of the National Accounting Council entitled “Reporting of Intangible Results of Research and Development”.
In the November article on foreign exchange rate gains and losses, we promised our readers that we would get back to the revaluation of equity investments in greater detail and provide you with some of the opin…
The year-end is approaching, which entails financial statements for those companies whose reporting period corresponds to the calendar year. The financial statements involve a number of procedures, referred to …
On 14 November 2019, the Ministry of Finance sent a consultation document on the Accounting Act for inter-resort comment procedure. It is expected that the material could be presented to the government in mid-2…