Category: Accounting

As climate change becomes an increasingly material risk for corporations, investors, and governments, the field of accounting is undergoing a major transformation. Climate-related financial risks—ranging from extreme weather disruptions to carbon pricing and stranded assets—are now recognized as significant factors influencing a company’s financial position. This article explores how climate risk is being integrated into…

In recent years, Environmental, Social, and Governance (ESG) reporting has transformed from a voluntary, peripheral disclosure to a central pillar in corporate transparency. As stakeholders increasingly demand non-financial metrics to assess long-term value and sustainability, ESG disclosures have become crucial to both investor decision-making and regulatory oversight. This shift presents both opportunities and challenges for…

Revaluation of fixed assets involves adjusting the book value of an asset to reflect its current fair market value. This process ensures that the asset's value on the balance sheet is not materially different from its recoverable amount. The revaluation can result in either an upward (gain) or downward (loss) adjustment and must be recorded…

Rethinking the Logic of Selling Public Assets Privatisation—the transfer of ownership and control of enterprises from the public to the private sector—has been a defining feature of global economic policy since the 1980s. Promoted for its promises of efficiency, innovation, and fiscal prudence, privatisation has reshaped economies from the UK to India, from Argentina to…

Ownership and the State The debate between privatisation and nationalisation is central to the design of modern economies. Both concepts pertain to the ownership and control of key industries and services. While privatisation involves transferring ownership from the public sector to private hands, nationalisation denotes the state’s assumption of control over private enterprises. This article…

Rethinking Concentration Public discourse often associates monopolies and mergers with economic harm—higher prices, reduced innovation, and restricted competition. However, certain public policies have supported or tolerated monopolistic structures and large-scale mergers due to their perceived benefits. Contrary to popular belief, the state’s engagement with corporate concentration is not always adversarial. In fact, in some circumstances,…