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General accounting helps deliver essential information so business professionals can make wise economic decisions.  In a business, the two types of reports prepared are management and financial, which are both essential in their own way. But for those who don’t know much about the specifics of accounting, what’s the difference?

You’ve decided that outsourcing your accounting was in the company’s best interest and have built an offshore team. But what happens now?

Although its actual implementation has been delayed to 2018, buying us all another year to study it in full, the new IFRS 15 revenue standard is something you should be making yourself aware of sooner rather than later.