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FGL Knowledge Desk · Global standards

Accounting & IFRS

Practical explanations of financial reporting standards, reconciliations, month-end work and the accounting judgments behind reliable reporting.

IFRS & reportingWorked examplesFinance workflowsCross-links to tax & controls

This desk connects financial-reporting standards to the operating work behind reliable accounts: contracts, reconciliations, month-end evidence, systems and the professional judgments finance teams make before numbers reach a report.

IFRS practical guides

Standards explained through the questions finance teams, students and reviewers actually need to answer.

IFRS 15

Revenue Recognition: When Has Revenue Really Been Earned?

The five-step model, performance obligations, transfer of control and the difference between billing and accounting revenue.

Read IFRS 15 guide → Accounting + tax

Reconciling ERP Sales, VAT Sales and Income Tax Returns

Why reported revenue can differ across systems and returns, and how finance teams should document the bridge.

Read reconciliation guide →

Finance operations and reporting controls

Reliable reporting depends on the processes and evidence below the financial statements.

Automation for Finance Teams: Do Accountants Need IT Knowledge? → Case Brief: When an ERP Go-Live Breaks the Financial Control Chain → Explore FGL's Systems & Automation desk → Explore Governance & Controls →

Reconciliations as accounting evidence

FGL treats reconciliations as evidence: they explain differences, expose control failures and support judgments across accounting and tax.

Evidence

Medisell v URA

A tax case with wider lessons on accounting differences, audit methodology and the evidence needed before a variance becomes a conclusion.

Read analysis → Revenue bridge

Ericsson AB v URA

Useful lessons on VAT and income-tax variances, revenue data and why differences need explanation rather than assumption.

Read analysis →
Desk roadmap: this library will expand deliberately into IFRS 16, IAS 12, month-end close, bank reconciliations and revenue-control guidance. New resources should strengthen this desk rather than create disconnected one-off posts.
Need the legacy chronological feed?Browse the accounting label archive →

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