Travel, Transportation and Hospitality
Tuesday, October 24, 2023
Embracing AI in Industries
Embracing AI in Industries
Artificial Intelligence is becoming an essential part of today's operations, having the power to change existing methods and revolutionize a wide range of sectors. There is unprecedented potential for the use of artificial intelligence to accelerate business growth. AI technologies will significantly reduce human error while providing unparalleled speed and accuracy and will allow businesses to simplify operations and streamline processes. With AI powering the industries, it can help the businesses gain a substantial competitive advantage in the data-driven business landscape. The potential of AI is enormous, and the time has arrived to embrace this technology, as it will fundamentally change a wide range of industries that may alter the very fabric of our society.
BFSI
BFSI
Payments:
The "Payments" course provides an Overview of the payment ecosystem, the payment processing system, and the payment 4.X trends, including information on their most recent trends, histories, definitions, and benefits. The course is intended to be a basic introduction to the idea of payment patterns. Suitable for associates who have basic understanding of payments industry. The course has an assessment at the end to check the understanding of the associate.
Bank Deposits:
Industry Trends
Industry Trends
https://www.startus-insights.com/innovators-guide/banking-technology-trends/
https://www.startus-insights.com/innovators-guide/retail-industry-trends-innovation/
https://www.startus-insights.com/innovators-guide/retail-industry-trends-innovation/https://www.startus-insights.com/innovators-guide/retail-industry-trends-innovation/
https://www.startus-insights.com/innovators-guide/manufacturing-trends-innovation/
https://www.startus-insights.com/innovators-guide/manufacturing-trends-innovation/
Life Sciences & Healthcare
Life Sciences & Healthcare
Life Sciences & HealthcareThe life sciences and healthcare industry is in fact a mix of various underlying industries hospital management, pharmaceuticals, retailing organisations, health insurance companies, manufacturer of medical devices, clinical operations, research, and heath technology organisations, regulatory bodies. It is the life blood of any nation as it tries to bring the best in health to its people. The main purpose is to provide the best treatment to patients, and offer health related benefits like health insurance and aid, while ensuring that research is on to constantly improve medicinal and medicare standards. The industry has been a hot bed of innovations.
Overview of Life Sciences Industry
https://youtu.be/9gBH5xAk3G4
Different Branches of Life Sciences
Pharmaceuticals
Biotechnology
Medical devices
Bioinformatics
Telehealth
Functional foods & Nutraceuticals
Biomonitoring
https://youtu.be/8HkpURR7VIc
Biotechnology
https://youtu.be/UkgcptAz9IA
Bioinformatics
https://youtu.be/3Xs7S3r_Eo0
Genetics
https://youtu.be/v8tJGlicgp8
Pharmacogenetics
https://youtu.be/AXi68Qp3hQ0
Healthcare Overview
IFRS
IFRS
International Financial Reporting Standards
https://www.ifrs.org/groups/international-accounting-standards-board/
https://youtube.videoken.com/embed/7-l-4NW8dpo?VKDEBUG=1
https://www.linkedin.com/pulse/evolution-ifrs-standards-international-accounting-board-giri-/?trk=public_profile_article_view
https://youtube.videoken.com/embed/W2qYPOgxd20?VKDEBUG=1
https://www.smartcapitalmind.com/what-are-the-different-types-of-ifrs-regulations.htm
https://youtube.videoken.com/embed/Gl43ihm1GfM?VKDEBUG=1
https://youtube.videoken.com/embed/ZhZw04Rxdb0?VKDEBUG=1
https://www.iasplus.com/en/standards/ifrs/ifrs1
https://www.iasplus.com/en/standards/ifrs/ifrs2
https://www.iasplus.com/en/standards/ifrs/ifrs3
https://www.iasplus.com/en/standards/ifrs/ifrs4
https://www.iasplus.com/en/standards/ifrs/ifrs5
https://www.iasplus.com/en/standards/ifrs/ifrs6
https://www.iasplus.com/en/standards/ifrs/ifrs7
https://www.iasplus.com/en/standards/ifrs/ifrs8
https://www.iasplus.com/en/standards/ifrs/ifrs9
https://www.iasplus.com/en/standards/ifrs/ifrs10
https://www.iasplus.com/en/standards/ifrs/ifrs11
https://www.iasplus.com/en/standards/ifrs/ifrs12
https://www.iasplus.com/en/standards/ifrs/ifrs13
https://www.iasplus.com/en/standards/ifrs/ifrs14
https://www.iasplus.com/en/standards/ifrs/ifrs15
https://www.iasplus.com/en/standards/ifrs/ifrs-16
https://www.iasplus.com/en/standards/ifrs/ifrs-17
https://designrr.s3.amazonaws.com/kounal_at_henryharvin.com_130282/list-of-international-financial-reporting-standards-in-2022-updated_62f2074a.pdf
https://www.linkedin.com/pulse/best-summary-ifrs-ias-standards-yasser-mohd-abdul-rahman/?trk=articles_directory
https://www.investopedia.com/terms/i/ias.asp
https://www.iasplus.com/en/standards/ias
https://kgrnaudit.com/ias-and-ifrs/
https://taxguru.in/chartered-accountant/indian-accounting-standard-ind-as-brief-study.html
https://byjus.com/commerce/difference-between-ifrs-and-ind-as/
https://unacademy.com/content/difference-between/ifrs-and-ind-as/
https://youtube.videoken.com/embed/23_tFJzgN9Q?VKDEBUG=1
https://www.ai-accountant.com/blog/the-basics-of-gaap/
https://byjus.com/commerce/gaap-generally-accepted-accounting-principles/
https://www.diffen.com/difference/GAAP_vs_IFRS
https://byjus.com/commerce/difference-between-gaap-and-ifrs/
https://connectusfund.org/6-advantages-and-disadvantages-of-adopting-ifrs
https://www.henryharvin.com/blog/advantages-you-will-see-of-ifrs/
https://youtube.videoken.com/embed/q1M-TuiSHLA?VKDEBUG=1
https://www.eduyush.com/blogs/ifrs/what-are-the-disadvantages-of-ifrs
https://connectusfund.org/6-advantages-and-disadvantages-of-adopting-ifrs
https://youtube.videoken.com/embed/aghMI8O9vSw?VKDEBUG=1
IFRS Summary:
International Financial Reporting Standards (IFRS) are a set of accounting standards that determine how specific transactions and events should be reported in financial statements.
These standards were developed by and are currently managed by the International Accounting Standards Board (IASB).
The purpose behind IFRS is that business entities across have a common accounting guidelines and rules that allow financial statements to be consistent and definitive.
There are four fundamental assumptions in IFRS: accrual basis, going concern, stable measuring unit assumption and units of cost purchasing power.
There are 17 IFRS standards.
The latest standard introduced under IFRS deals with insurance contracts.
The implementation of IFRS involves the following fours steps:
Impact assessment
Planning and designing
Realization
Data conversion
There are other financial reporting standards similar to IFRS, which are local.
There is Ind AS, which is Indian version of IFRS, and there is GAAP, which is an American version of IFRS.
IFRS has various benefits such as easy comparison of company ratings, greater transparency of information, globally harmonized financial reporting system, etc.
IFRS also comes with some disadvantages such as significant adoption costs, lack of detail, being less stringent than some standards such as GAAP, etc.
References:
https://www.investopedia.com/terms/i/ifrs.asp
https://www.pwc.in/assets/pdfs/publications/2017/ifrs-us-gaap-ind-as-and-indian-gaap-similarities-and-differences.pdf
https://fundamentalsofaccounting.org/pros-and-cons-of-adopting-ifrs/
https://youtube.videoken.com/embed/V5QjyV_BiLk?VKDEBUG=1
Monday, October 23, 2023
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