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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.
Reverse factoring can create substantial benefits across the supply chain and can be a better alternative to other working capital management schemes. Suppliers and buyers should make sure, before being engaged in this, that this is consistent with their long-term financial strategies and their back-office functions are efficient enough to get the maximum benefits out of this.
Rising purchasing power, growing participation of women in economic activities and behavioral changes associated with rising purchasing power (e.g. looking for convenience and quality, brand loyalty) suggest a bright future for ‘modern grocery retail’ sector in Bangladesh.
Entrepreneurship is neither concerned with only venture creation nor is it a ‘either-or’ phenomenon. These misconceptions are dangerous in that they may prevent organizations and individuals from utilizing the power of entrepreneurial process. Executives should focus on understanding the behaviors and attitudes underlying the entrepreneurial process and creating an environment where those behaviors and attitudes are encouraged and rewarded.
Most lessees will find that a range of accounting outcomes on transition is possible because of several policy choices permitted in IFRS 16. We suggest that lessees having lease contracts with significant financial impact evaluate all the possible consequences of different transition approaches and then decide what approach best suits them.