by Rafaqat Ali Khan | Apr 18, 2020 | English Topics, Uncategorized
The standard says that biological assets should be measured at fair value less cost to sell at the time of harvest. Its aim is to accounts for transformation of biological assets into agricultural produce. Initial recognition An entity recognises a biological asset or...
by Rafaqat Ali Khan | Apr 18, 2020 | English Topics, Uncategorized
Under the tourists refund scheme introduced by the government for expats entering into the UAE and are not on resident visa can claim the vat refund back when they are exiting from the UAE the amount of vat they have paid by putting the tax invoices in the kiosk...
by Rafaqat Ali Khan | Apr 16, 2020 | English Topics, Uncategorized
There are five simple steps aimed at reducing ambiguity around the timing and amount relating to the recognition of revenue. The five steps are below Identifying the contract. Identifying the performance obligations in the contract. Determining the contract price....
by Rafaqat Ali Khan | Apr 16, 2020 | English Topics, Uncategorized
Income Statement One of the change is sub operating profit as part of the development of its proposals, the IASB sampled 100 sets of company financial statements. Of these, 63 showed some form of operating profit subtotal, and the operating sections will only include...
by Rafaqat Ali Khan | Apr 15, 2020 | English Topics, Uncategorized
Internal audit shows highlight on the internal control, audit and compliance in corporate governance. The best practice should be that the company maintains sound internal control systems and risk management systems. The effectiveness of internal control systems and...
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