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...
by Rafaqat Ali Khan | Apr 23, 2020 | English Topics, Uncategorized
Investment property is land or a building (including part of a building) or both that is: held to earn rentals or for capital appreciation not owner-occupied not used in production or supply of goods and services or for administration not held for sale in the ordinary...
by Rafaqat Ali Khan | Apr 23, 2020 | English Topics, Uncategorized
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...
by Noorjahan S. Yargatti | Apr 23, 2020 | English Topics, Uncategorized
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...
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