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Amendment to IAS 12 for deferred tax related to assets and liabilities arising from a single transaction International Accounting Standards Board (IASB) in May 2021 issued an amendment to IAS 12 Income Taxes titled Deferred Tax related to Assets and Liabilities arising from a Single Transaction. Before the amendment, IAS 12 provided for exemptions from …

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The Committee concluded that IAS 2 Inventories applies to cryptocurrencies when they are held for sale in the ordinary course of business. If IAS 2 is not applicable, an entity applies IAS 38 Intangible Assets to holdings of cryptocurrencies.

Food waste reduction has economic, social and environmental benefits and, hence, restaurants, modern groceries, food & beverage companies and even public offices like city corporations in Bangladesh should take waste reduction initiatives. Setting food waste reduction targets, measuring progress towards the targets and communicating the process and outcome of the waste reduction initiatives in a single global language like FLW Standard will make the whole process more understandable and transparent.

Businesses that do not transform will be extinct, because transformation for business is what adaptive evolution is for species of animals and plants. But it is important to choose the right pace, scale and tools for transformation, otherwise, no matter how much money and time you spend, transformation programs are doomed to failure.