Showing posts with the label IAS and IFRSShow All
IAS and IFRS
Fixed Asset Capitalization as per IAS 16
As per Accounting Standard IAS 16, As asset shall be measured at its cost if Assets a…
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IAS and IFRS
Objectives of IAS 2
IAS 2 prescribes the objective of reporting inventories: 1. Prescribe accounting treat…
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IAS and IFRS
Five Steps Approach to Segment Reporting under IFRS 8
The Practical approach to segment reporting under IFRS 8 includes five steps, as prese…
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IAS and IFRS
Aggregation criteria as per IFRS 8
IFRS 8: Operating Segments sets a criteria for Aggregation of a segment: 1. Aggregatio…
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IAS and IFRS
Recognition Criteria for Development Cost as per IAS 38
Recognition Criteria for Development Cost: 1. Probable Future Economic Benefits. 2. In…
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IAS and IFRS
Recognition Criteria for Provision as per IAS 37
The standard of IAS 37: Provisions, Contingent Liabilities and Contingent Assets, sets…
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IAS and IFRS
Five Step Criteria for Revenue Recognition
International Financial Reporting Standards (IFRS) prescribe Five revenue recognition …
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IAS and IFRS
Four Business Acquisition Method as per IFRS 3
IFRS 3: Business Combinations prescribe four acquisition method are as follows: Ident…
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