|

Debt Covenants and Potential Impact on Debt Classification

Recently, under the debt classification amendments 2020 to IAS 1, the International Accounting Standards Board clarified how an entity classifies debts as current or non-current in specific conditions. And the amendments will come into force for the reporting periods starting on or after Jan 1st, 2023. What are Debt Covenants? Debt covenants are the conditions/restrictions…

Integrate Meditation In Addiction Treatment Program Like Reynold For Surefire Recovery

There is a very thin line when social drinking turns into a serious addiction, as happened with Reynold. When he first started drinking, he was just like his peers; he attended parties during his college years and enjoyed drinking in a good, fun, and light manner. As soon as he graduated from college and landed…