A contribution is any economic resource that creates or can create returns as a result of applying one or more processes.A process is any system, standard, protocol, agreement or rule that, when applied to a deposit or deposits, creates or can produce returns.
Return – the result of contributions and processes applied to such deposits that provide or are able to provide income in the form of dividends, cost savings or other economic benefits directly to investors or other owners, members or participants.
Given the fact that the acquisition of a business and a group of individual assets is reflected in the statements differently, it is important to understand how the first differs from the second. Such an analysis is based on the three components of a business in terms of IFRS 3 Business Combinations, which is why if a company is able to demonstrate contributions, processes and returns, then, as a rule, there is a business as such. Continue reading
Any questions regarding the conditions for participating in the business, including the possibility of leaving the business, selling a share or a business as a whole, should be discussed at the stage of creation and active development of the business, until everyone is inspired and does not think about possible difficulties.
At the same time, it is important that all, even the most non-standard arrangements of partners, be settled as much as possible, taking into account the real tools and capabilities of the current legislation. This will help to avoid future unexpected scenarios of relations.
Today is another case from our practice to illustrate how you can formalize the fantasy vision of business owners regarding a possible way out of it. Continue reading
Initially, the law was supposed to enter into force on January 1, 2016, but the deputies decided to begin regulating the personal bankruptcy procedure on July 1, 2015. However, many experts believe that even this date is not relevant. So, financial ombudsman Pavel Medvedev, in an interview with Rossiyskaya Gazeta, said that the law should be introduced in February.
According to experts, a decrease in real salaries of citizens, a currency mortgage will lead to the fact that already in the first quarter of 2015, massive defaults by citizens of their debt obligations are possible. As of September 1, 2014, banks in the Tomsk Region issued loans to the population in the amount of 42.7 billion rubles, of which mortgage loans – 9 billion. The total debt of individuals on loans amounted to 90 billion rubles, 32 billion rubles accounted for the mortgage.
Compared to the beginning of this year, the delay in loans to individuals increased by 41%. Continue reading