IFRS – 3 Business Combinations

IFRS – 3 Business Combinations

Purchase Consideration The purchase consideration is including the fair value of all interests that the acquirer may had held previously in acquired company. This includes any interest in an associate company or joint venture company, or other equity interests of the...
IAS 38 Intangible Assets

IAS 38 Intangible Assets

Intangible assets definition: an identifiable non-monetary asset without physical substance. An asset is a resource that is controlled by the entity as a result of past events (for example purchase, or self-creation) and from which future economic benefits (inflow of...
IFRS and its benefits

IFRS and its benefits

IFRS stands for international financial reporting standards. It is a set of accounting rules and standards that determine how accounting events should be reported in your businesses’ financial statements. IFRS make financial statements consistent, comparable, and...
Companies Liquidation in UAE

Companies Liquidation in UAE

There are two main types of liquidations for insolvent companies– compulsory liquidation and creditor’s voluntary liquidation (CVL). When the companies all assets are sold to repay its creditors, business closes down, and its name is removed from the register at...
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