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IAS 38 provides guidance on accounting for intangible assets. An intangible asset must be identifiable and controlled by the entity with probable future economic benefits to be recognized initially at cost. Expenditure on research must be expensed while development costs may be recognized as an asset if certain criteria are met. Intangible assets are subsequently measured using either the cost or revaluation model and are reviewed annually for impairment and changes in useful life. Disclosures include distinguishing between internally generated and other intangible assets, amortization methods used, and reconciliation of carrying amounts.
The document discusses the key aspects of IAS 38 - Intangible Assets including the scope, definition of an intangible asset, recognition, measurement, amortization, and disclosure requirements. It covers the initial recognition of intangible assets at cost and the subsequent measurement using either the cost or revaluation model. Internally generated intangible assets are recognized if certain criteria are met. Intangible assets with finite useful lives are amortized on a systematic basis over their useful lives while those with indefinite lives are tested annually for impairment.
- IAS 2 Inventories prescribes the accounting treatment for inventories and provides guidance on determining inventory costs and recognizing them as expenses. It applies to all inventories except work-in-progress for construction contracts and biological assets related to agricultural activity.
- Inventories must be measured at the lower of cost and net realizable value. Cost includes costs of purchase, costs of conversion, and other costs to bring inventories to their present location and condition. Net realizable value is the estimated selling price less costs to complete and sell.
- When inventories are sold, their carrying amount must be recognized as an expense. Write-downs to net realizable value and inventory losses must also be recognized as expenses.
The document provides an overview of accounting for intangible assets under IAS 38. It discusses the definition of intangible assets, recognition criteria, measurement at cost or fair value, amortization of intangible assets with finite useful lives, impairment testing, and disclosure requirements. The document also covers topics such as government grants, internally generated intangible assets, revaluation model, and differences between IFRS and Indian GAAP treatment of intangible assets.
IAS-1: Presentation of Financial StatementsAmit Sarkar
IAS 1 Presentation of Financial Statements sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current/non-current distinction. The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows.
This document summarizes IAS38 Intangible Assets. It defines an intangible asset as a non-monetary asset without physical substance, including items like software, logos, and customer lists. Internally generated intangible assets from the development stage may be capitalized if they meet six criteria: it is technically feasible, there is intent to complete, it is commercially viable, resources exist to complete it, future economic benefits are probable, and costs can be reliably measured. After initial recognition, intangible assets can be measured either using the cost model with amortization over useful life or the revaluation model using fair value with regular revaluations. Assets with indefinite useful lives are not am
This document summarizes the key requirements of IAS 1 regarding the presentation of financial statements. It outlines the general purpose and components of financial statements, including statements of financial position, comprehensive income, changes in equity, and cash flows. It describes the general features that financial statements must adhere to, such as fair presentation, going concern basis, accrual accounting, materiality and offsetting. It provides details on the minimum line items that must be presented in each financial statement and notes. In the end, it gives examples of how Burj Bank implemented IAS 1 in its own financial statements.
IAS 38 provides guidance on accounting for intangible assets. An intangible asset must be identifiable and controlled by the entity with probable future economic benefits to be recognized initially at cost. Expenditure on research must be expensed while development costs may be recognized as an asset if certain criteria are met. Intangible assets are subsequently measured using either the cost or revaluation model and are reviewed annually for impairment and changes in useful life. Disclosures include distinguishing between internally generated and other intangible assets, amortization methods used, and reconciliation of carrying amounts.
The document discusses the key aspects of IAS 38 - Intangible Assets including the scope, definition of an intangible asset, recognition, measurement, amortization, and disclosure requirements. It covers the initial recognition of intangible assets at cost and the subsequent measurement using either the cost or revaluation model. Internally generated intangible assets are recognized if certain criteria are met. Intangible assets with finite useful lives are amortized on a systematic basis over their useful lives while those with indefinite lives are tested annually for impairment.
- IAS 2 Inventories prescribes the accounting treatment for inventories and provides guidance on determining inventory costs and recognizing them as expenses. It applies to all inventories except work-in-progress for construction contracts and biological assets related to agricultural activity.
- Inventories must be measured at the lower of cost and net realizable value. Cost includes costs of purchase, costs of conversion, and other costs to bring inventories to their present location and condition. Net realizable value is the estimated selling price less costs to complete and sell.
- When inventories are sold, their carrying amount must be recognized as an expense. Write-downs to net realizable value and inventory losses must also be recognized as expenses.
The document provides an overview of accounting for intangible assets under IAS 38. It discusses the definition of intangible assets, recognition criteria, measurement at cost or fair value, amortization of intangible assets with finite useful lives, impairment testing, and disclosure requirements. The document also covers topics such as government grants, internally generated intangible assets, revaluation model, and differences between IFRS and Indian GAAP treatment of intangible assets.
IAS-1: Presentation of Financial StatementsAmit Sarkar
IAS 1 Presentation of Financial Statements sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going concern, the accrual basis of accounting and the current/non-current distinction. The standard requires a complete set of financial statements to comprise a statement of financial position, a statement of profit or loss and other comprehensive income, a statement of changes in equity and a statement of cash flows.
This document summarizes IAS38 Intangible Assets. It defines an intangible asset as a non-monetary asset without physical substance, including items like software, logos, and customer lists. Internally generated intangible assets from the development stage may be capitalized if they meet six criteria: it is technically feasible, there is intent to complete, it is commercially viable, resources exist to complete it, future economic benefits are probable, and costs can be reliably measured. After initial recognition, intangible assets can be measured either using the cost model with amortization over useful life or the revaluation model using fair value with regular revaluations. Assets with indefinite useful lives are not am
This document summarizes the key requirements of IAS 1 regarding the presentation of financial statements. It outlines the general purpose and components of financial statements, including statements of financial position, comprehensive income, changes in equity, and cash flows. It describes the general features that financial statements must adhere to, such as fair presentation, going concern basis, accrual accounting, materiality and offsetting. It provides details on the minimum line items that must be presented in each financial statement and notes. In the end, it gives examples of how Burj Bank implemented IAS 1 in its own financial statements.
The standard provides guidance on accounting for inventories. It defines inventories as assets held for sale, in production for sale, or materials used in production. Inventories must be measured at the lower of cost and net realizable value, with cost determined using purchase cost, conversion cost, or formulas like FIFO or weighted average. If net realizable value falls below cost, inventories must be written down with the loss recognized in profit or loss. Entities must disclose information about inventory accounting policies, measurements, and write-downs.
This document summarizes IFRS 5, which specifies accounting for non-current assets held for sale and discontinued operations. IFRS 5 outlines criteria for classifying non-current assets as held for sale, including that the sale must be highly probable within one year. Assets held for sale are measured at fair value less costs to sell and are presented separately in financial statements. The standard also provides guidance on presenting discontinued operations and additional disclosure requirements.
1) Intangible assets are non-physical assets that provide long-term benefits to a company such as patents, copyrights, and goodwill.
2) The costs of intangible assets are capitalized and amortized over the shorter of their legal or economic useful life. Amortization expense is recorded systematically over time.
3) Examples of intangible assets include patents, copyrights, trademarks, goodwill, franchises, and research and development costs. The accounting treatment depends on whether the asset was internally generated or purchased.
The document provides an overview of IAS 36 Impairment of Assets, including the standard's objective to ensure assets are reported at no more than their recoverable amount. It discusses identifying impaired assets, calculating recoverable amount, recognizing impairment losses, reversing impairments, and disclosure requirements. Examples are provided for testing assets and cash-generating units for impairment.
This document provides an overview of Ind AS 38 on Intangible Assets. It discusses the objective and scope, key definitions, recognition and measurement criteria, disclosure requirements, and differences between Ind AS 38 and the previous Accounting Standard AS 26. Some of the key points covered include defining an intangible asset, the criteria for recognition of intangible assets, measurement at cost or revaluation model, amortization periods, impairment testing, and additional disclosures required under Ind AS 38.
This document provides an overview of IAS 16, which establishes the accounting requirements for property, plant and equipment. It defines key terms, outlines the requirements for recognition, measurement, depreciation, impairment, derecognition and disclosure of property, plant and equipment. The standard aims to prescribe the accounting treatment for PPE, including how to determine the carrying amount and calculate depreciation charges and impairment losses. It applies to tangible items used in operations or for administrative purposes that are expected to be used for more than one period.
The document discusses the accounting treatment for borrowing costs under Ind AS 23. It defines key terms like borrowing costs and qualifying assets. Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset must be capitalized. Capitalization should commence when expenditures for the asset are being incurred and cease when the asset is substantially ready. The disclosure requirements and differences between Ind AS 23, IAS 23 and the previous AS 16 are also outlined.
This document provides an overview of IAS 2 on inventory. It discusses the objective and scope of IAS 2, which is to prescribe the accounting treatment for inventory. Key areas covered include measurement of inventory at the lower of cost or net realizable value, techniques for determining cost, and required disclosures. Measurement of inventory requires identifying applicable costs and allocating fixed and variable production overheads. Inventory is recognized as an expense when the related revenue is recognized.
This document provides instructions for preparing final accounting statements, including a profit and loss account and balance sheet. It defines key terms like gross profit, cost of goods sold, direct expenses, and indirect expenses. It explains how to prepare a trading and profit and loss account, showing gross profit, expenses, net profit or loss. It also defines current and fixed assets and notes that a balance sheet shows the financial position of a business by reporting asset and liability balances. The overall purpose is to explain the accounting cycle and the process of preparing final accounting statements.
The document provides an overview of IAS 36 Impairment of Assets. Key points include:
1) IAS 36 provides guidance for determining when the carrying amount of an asset exceeds its recoverable amount and an impairment loss must be recognized. It excludes certain assets and requires annual impairment testing of goodwill and indefinite-lived intangible assets.
2) An impairment loss is recognized when the recoverable amount of an asset or cash-generating unit is less than its carrying amount. The recoverable amount is the higher of an asset's fair value less costs to sell or its value in use.
3) Impairment losses are allocated first to reduce the carrying amount of goodwill allocated to
This document provides an overview of IAS 2 on inventories. The objectives of IAS 2 are to prescribe the accounting treatment for inventories and determine the amount of cost to be recognized as an asset. Inventories are assets held for sale, in production, or in the form of materials used in production. Inventories must be measured at the lower of cost or net realizable value. Cost includes all purchase, conversion and other costs to bring inventories to their present condition. Inventories are recognized as an expense when sold. Financial statement disclosures on inventories are also required.
This document discusses the key aspects of IND AS 16 regarding the accounting treatment of property, plant, and equipment. It covers the scope of IND AS 16, initial recognition and measurement of PPE at cost, subsequent measurement using either the cost or revaluation model, and depreciation of PPE over its useful life. PPE are tangible assets held for use in production, rental, or administration that are expected to be used for more than one period.
IAS 41 Agriculture provides guidance on accounting for biological assets and agricultural produce. It requires that biological assets and agricultural produce be measured at fair value less costs to sell, with changes in fair value recognized in profit or loss. If fair value cannot be reliably measured, biological assets are measured at cost less depreciation and impairment. Extensive disclosures are required, including reconciliation of changes in biological assets, descriptions of groups of biological assets, and information on government grants.
The document provides an overview of the development of accounting principles and professional practice. It discusses how the environment of accounting has evolved over time to meet changing demands and influences. Three key influences are: 1) recognizing scarce resources, 2) current concepts of property rights and equity, and 3) measuring information for absentee investors. The document also describes the objectives of financial reporting, key qualitative characteristics of accounting information, elements of financial statements, and basic principles of accounting including measurement, revenue/expense recognition, and full disclosure.
This document summarizes the key aspects of IAS 23 Borrowing Costs. It defines borrowing costs and qualifying assets. For qualifying assets, borrowing costs directly attributable to the acquisition or construction must be capitalized as part of the asset cost, while other borrowing costs are expensed. Capitalization begins when expenditures are incurred, borrowing costs are incurred, and activities necessary for intended use/sale begin, and ceases when activities are substantially complete. An entity must disclose the amount of borrowing costs capitalized and capitalization rate used.
The document discusses the accounting procedures for business combinations, including acquisition of a controlling interest in another company through either purchasing the company's stock or net assets. It explains how to record the acquisition transaction on the parent company's books and prepare consolidation working papers and consolidated financial statements by eliminating entries between the parent and subsidiary. The consolidated financial statements present the financial position, results of operations, and cash flows of the parent company and its subsidiary as a single economic entity.
This document provides an overview of accounting standards for inventories according to IAS 2. It defines inventories as assets held for sale, in production, or as supplies. The objectives of IAS 2 are to prescribe accounting treatments for inventories. Inventories must be measured at the lower of cost or net realizable value, using methods like FIFO, LIFO, or weighted average. The document outlines costs that are included in inventory valuation and disclosure requirements.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
The standard provides guidance on accounting for inventories. It defines inventories as assets held for sale, in production for sale, or materials used in production. Inventories must be measured at the lower of cost and net realizable value, with cost determined using purchase cost, conversion cost, or formulas like FIFO or weighted average. If net realizable value falls below cost, inventories must be written down with the loss recognized in profit or loss. Entities must disclose information about inventory accounting policies, measurements, and write-downs.
This document summarizes IFRS 5, which specifies accounting for non-current assets held for sale and discontinued operations. IFRS 5 outlines criteria for classifying non-current assets as held for sale, including that the sale must be highly probable within one year. Assets held for sale are measured at fair value less costs to sell and are presented separately in financial statements. The standard also provides guidance on presenting discontinued operations and additional disclosure requirements.
1) Intangible assets are non-physical assets that provide long-term benefits to a company such as patents, copyrights, and goodwill.
2) The costs of intangible assets are capitalized and amortized over the shorter of their legal or economic useful life. Amortization expense is recorded systematically over time.
3) Examples of intangible assets include patents, copyrights, trademarks, goodwill, franchises, and research and development costs. The accounting treatment depends on whether the asset was internally generated or purchased.
The document provides an overview of IAS 36 Impairment of Assets, including the standard's objective to ensure assets are reported at no more than their recoverable amount. It discusses identifying impaired assets, calculating recoverable amount, recognizing impairment losses, reversing impairments, and disclosure requirements. Examples are provided for testing assets and cash-generating units for impairment.
This document provides an overview of Ind AS 38 on Intangible Assets. It discusses the objective and scope, key definitions, recognition and measurement criteria, disclosure requirements, and differences between Ind AS 38 and the previous Accounting Standard AS 26. Some of the key points covered include defining an intangible asset, the criteria for recognition of intangible assets, measurement at cost or revaluation model, amortization periods, impairment testing, and additional disclosures required under Ind AS 38.
This document provides an overview of IAS 16, which establishes the accounting requirements for property, plant and equipment. It defines key terms, outlines the requirements for recognition, measurement, depreciation, impairment, derecognition and disclosure of property, plant and equipment. The standard aims to prescribe the accounting treatment for PPE, including how to determine the carrying amount and calculate depreciation charges and impairment losses. It applies to tangible items used in operations or for administrative purposes that are expected to be used for more than one period.
The document discusses the accounting treatment for borrowing costs under Ind AS 23. It defines key terms like borrowing costs and qualifying assets. Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset must be capitalized. Capitalization should commence when expenditures for the asset are being incurred and cease when the asset is substantially ready. The disclosure requirements and differences between Ind AS 23, IAS 23 and the previous AS 16 are also outlined.
This document provides an overview of IAS 2 on inventory. It discusses the objective and scope of IAS 2, which is to prescribe the accounting treatment for inventory. Key areas covered include measurement of inventory at the lower of cost or net realizable value, techniques for determining cost, and required disclosures. Measurement of inventory requires identifying applicable costs and allocating fixed and variable production overheads. Inventory is recognized as an expense when the related revenue is recognized.
This document provides instructions for preparing final accounting statements, including a profit and loss account and balance sheet. It defines key terms like gross profit, cost of goods sold, direct expenses, and indirect expenses. It explains how to prepare a trading and profit and loss account, showing gross profit, expenses, net profit or loss. It also defines current and fixed assets and notes that a balance sheet shows the financial position of a business by reporting asset and liability balances. The overall purpose is to explain the accounting cycle and the process of preparing final accounting statements.
The document provides an overview of IAS 36 Impairment of Assets. Key points include:
1) IAS 36 provides guidance for determining when the carrying amount of an asset exceeds its recoverable amount and an impairment loss must be recognized. It excludes certain assets and requires annual impairment testing of goodwill and indefinite-lived intangible assets.
2) An impairment loss is recognized when the recoverable amount of an asset or cash-generating unit is less than its carrying amount. The recoverable amount is the higher of an asset's fair value less costs to sell or its value in use.
3) Impairment losses are allocated first to reduce the carrying amount of goodwill allocated to
This document provides an overview of IAS 2 on inventories. The objectives of IAS 2 are to prescribe the accounting treatment for inventories and determine the amount of cost to be recognized as an asset. Inventories are assets held for sale, in production, or in the form of materials used in production. Inventories must be measured at the lower of cost or net realizable value. Cost includes all purchase, conversion and other costs to bring inventories to their present condition. Inventories are recognized as an expense when sold. Financial statement disclosures on inventories are also required.
This document discusses the key aspects of IND AS 16 regarding the accounting treatment of property, plant, and equipment. It covers the scope of IND AS 16, initial recognition and measurement of PPE at cost, subsequent measurement using either the cost or revaluation model, and depreciation of PPE over its useful life. PPE are tangible assets held for use in production, rental, or administration that are expected to be used for more than one period.
IAS 41 Agriculture provides guidance on accounting for biological assets and agricultural produce. It requires that biological assets and agricultural produce be measured at fair value less costs to sell, with changes in fair value recognized in profit or loss. If fair value cannot be reliably measured, biological assets are measured at cost less depreciation and impairment. Extensive disclosures are required, including reconciliation of changes in biological assets, descriptions of groups of biological assets, and information on government grants.
The document provides an overview of the development of accounting principles and professional practice. It discusses how the environment of accounting has evolved over time to meet changing demands and influences. Three key influences are: 1) recognizing scarce resources, 2) current concepts of property rights and equity, and 3) measuring information for absentee investors. The document also describes the objectives of financial reporting, key qualitative characteristics of accounting information, elements of financial statements, and basic principles of accounting including measurement, revenue/expense recognition, and full disclosure.
This document summarizes the key aspects of IAS 23 Borrowing Costs. It defines borrowing costs and qualifying assets. For qualifying assets, borrowing costs directly attributable to the acquisition or construction must be capitalized as part of the asset cost, while other borrowing costs are expensed. Capitalization begins when expenditures are incurred, borrowing costs are incurred, and activities necessary for intended use/sale begin, and ceases when activities are substantially complete. An entity must disclose the amount of borrowing costs capitalized and capitalization rate used.
The document discusses the accounting procedures for business combinations, including acquisition of a controlling interest in another company through either purchasing the company's stock or net assets. It explains how to record the acquisition transaction on the parent company's books and prepare consolidation working papers and consolidated financial statements by eliminating entries between the parent and subsidiary. The consolidated financial statements present the financial position, results of operations, and cash flows of the parent company and its subsidiary as a single economic entity.
This document provides an overview of accounting standards for inventories according to IAS 2. It defines inventories as assets held for sale, in production, or as supplies. The objectives of IAS 2 are to prescribe accounting treatments for inventories. Inventories must be measured at the lower of cost or net realizable value, using methods like FIFO, LIFO, or weighted average. The document outlines costs that are included in inventory valuation and disclosure requirements.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.