Articles by Vishal Thakkar

Are you struggling with budget cuts?

Vishal Thakkar 23 November 2019 at 10:36

After spending about a quarter in the budgeting exercise, when you submit the budget to higher-ups, you receive a response in no time, that the budget needs to be reduced. If reduction was the plan in the first place, why did they ask you to struggle and spend a whole quarter in coming up with an elaborate and detailed budget?

Who is more powerful? The shareholder or the director?

Vishal Thakkar 22 November 2019 at 10:31

The context of power and the ability to exercise power comes from the literature of IFRS 10 � Consolidated Financial Statements. It is important for Finance & Accounting professionals to understand the finer differences.