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    17
    Jan
    ,

    Accounting for Goodwill

    In the aftermath of the financial crisis, easing monetary policies provided financially strong companies with access to funding more efficiently and at a lower cost, allowing them to scale up their businesses and finance their merger and acquisition (“M&A”) activities. As a result, there has been a significant surge in the carrying value of accumulated goodwill among major corporations worldwide. This surge in goodwill has been particularly evident during active M&A periods, where acquisition prices tend to be higher.
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    28
    Dec
    ,

    Reflections from the COP28 Summit

    The COP28 summit, hosted in Dubai, UAE, concluded with optimism and apprehension as world leaders grappled with the intricate challenges around climate negotiations. H.E. Dr. Sultan al-Jaber, serving as the COP28 President, opened the conference with a resounding call for collaboration, stating, "The urgency of the climate crisis demands unprecedented collaboration. Our success lies in bridging gaps and finding common ground." Echoing this sentiment, UNFCCC (UN Framework Convention on Climate Change) leadership including Executive Secretary, Simon Stiell, emphasized the need for concrete outcomes and global cooperation to address the pressing challenges we are currently facing effectively.
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    19
    Dec
    ,

    FASBs’ Amendments to Segment Reporting Disclosure Requirements

    Segment reporting remains an important element of financial reporting for public entities. The fundamental principle of Topic 280, Segment Reporting, is that a company’s segment disclosures should be consistent with management’s reporting structure. The primary objective is to enable users of financial statements to “see a company’s business performance through the eyes of management,” i.e., how management assesses and evaluates the performance of the business. Segment reporting disclosures enable financial statement users to be better positioned to understand the public entity’s performance, assess its prospects for future cash flows, and make more informed judgments about the entity’s current performance and prospects.
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    12
    Dec
    ,

    IPOs in Kingdom of Saudi Arabia

    Capital markets are rapidly transforming under Saudi Arabia’s Vision 2030 program (“the Program”). The Program provides a strategic plan to diversify the Saudi economy, reducing its dependence on oil and related products. At the same time, it aims to strengthen further the role of the Saudi Stock Exchange as the Middle East and North Africa (“MENA”) region financial hub.
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    16
    Nov
    ,

    Regulatory Measures by RBI

    The RBI Governor’s Statement dated October 6, 2023, stated that certain components of personal loans were recording very high growth. He further noted that the RBI closely monitored such loans for signs of incipient stress. Banks and NBFCs were advised to strengthen their internal surveillance mechanisms, address the build-up of risks, if any, and institute suitable safeguards in their interest.
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