by Noorjahan S. Yargatti | May 2, 2020 | English Topics, Uncategorized
The amount of economic benefits is the amount recoverable according to terms IAS 36. An entity is expected to determine at the end of any reporting period if there is any evidence that an asset may be impaired (i.e. its carrying amount may be greater than its...
by Noorjahan S. Yargatti | May 2, 2020 | English Topics, Uncategorized
The buyers would like to quote a lesser value whereas the seller will always quote a higher value of the Company in order to gain the maximum from the deal. Moreover, the claimed Company’s value forms a basis of negotiation between the two parties. Valuation of...
by Noorjahan S. Yargatti | Apr 28, 2020 | English Topics, Uncategorized
The Transfer of business going concern rules are mandatory, so it is important to determine if the business is being sold as an ongoing business. There are two methods of transfer of business has been described one is transfer through sale of shares and another is...
by Noorjahan S. Yargatti | Apr 27, 2020 | English Topics, Uncategorized
IAS 37 seeks to ensure that reasonable identification requirements and calculation frameworks are applied to contracts, contingent liabilities and contingent assets and that appropriate information is reported to the financial statements in the notes to allow users to...
by Noorjahan S. Yargatti | Apr 27, 2020 | English Topics, Uncategorized
At initial level all financial instruments are calculated at fair value plus or minus under IFRS 9. The financial assets and liability not at fair value through profit or loss. Transaction costs. This requirement is consistent with IAS 39. Classification on assets...
by Noorjahan S. Yargatti | Apr 27, 2020 | English Topics, Uncategorized
The main objective of IAS 7 is to allow the presentation of information on the historical changes in an entity’s cash and cash equivalents by means of cash flow statement. Which classify cash flows during the period according to operating, investing, and financing...
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