IAS 2: Your Guide to Understanding Inventories
Welcome to our simplified guide on IAS 2, the International Accounting Standard that lays down the rules for how businesses account for their “inventories” – basically, all the stuff they have on hand to sell or use in making things to sell. The Big Idea Behind IAS 2 The main goal of this standard is…
The Insight Mirror
What is fiscal and monetary policy? How does it function?
To strengthen a country’s economy, necessary planning, policies, and strategic actions are required. Particularly for the development of an economy and to keep it at the top, governments and economists work tirelessly. Among the various policies they implement, fiscal policy and monetary policy are prominent. But what exactly are these policies, and how do they…