PDS International Interview Questions and Answers

Planning is the process of deciding what to do and how to do it, while strategy is the overall approach to achieve a goal.

• Planning is short-term, while strategy is long-term.

• Planning focuses on specific tasks, while strategy focuses on the big picture.

• Planning is reactive, while strategy is proactive.

• Planning is a part of strategy.

• Example: Planning how to execute a marketing campaign vs. developing a marketing strategy

IFRS has various accounting treatments, such as fair value accounting, impairment accounting, and lease accounting.

• Fair value accounting involves measuring and reporting assets and liabilities at their current market value.

• Impairment accounting involves recognizing a loss in the value of an asset that has decreased in value.

• Lease accounting involves recognizing lease payments as either operating or finance leases.

• IFRS ...read more