Consolidation of Financial Statements part 6 - SOCI In the past articles we looked at the details of consolidation and its related complications. We have looked at the statement of financial position in detail and now we are going to look at the statem... Accounting IFRS Nov 20, 2023
Accounting For Customer Incentives Under IFRS15 Accounting for customer incentives under the recent Revenue standard IFRS15 Determining the correct accounting treatment will depend on some factors. And before start explaining, let me tell you that ... Accounting IFRS Nov 18, 2023
A Primer into Consolidation A Primer into Consolidation of Group Financial Statements The consolidation of financial statements of groups is an important topic when it comes to financial accounting and reporting. While making th... Accounting IFRS Nov 18, 2023
Consolidation of Financial Statements| Part 2 Consolidation of Financial Statements | Part 2 In the last article we went through the introduction of consolidation of group financial statements and touched the considerably basic definitions and pr... Accounting IFRS Nov 18, 2023
Consolidation ofFinancial Statements|Part 3 Consolidation of Financial Statements| Part 3 In the last article we started to learn the consolidation of the statement of financial position (SOFP). In this article we are going revise a bit from wh... Accounting IFRS Nov 18, 2023
Consolidation ofFinancial Statements |Part 5 Consolidation of Financial Statements | Part 5 We have so far covered in detail the rationale behind preparing the consolidated financial statements and the various complications that arise upon conso... Accounting IFRS Nov 18, 2023
IFRS 9 - Financial Instruments Part 1| Introduction and Definitions IFRS 9 - Financial instruments is a relatively new financial standard that has recently replaced the older IAS 39 - Financial instruments. The new standard has been applicable since 1st January 2018, ... Accounting IFRS Nov 18, 2023
IFRS 9 - Impairment of Financial Instruments As we discussed in the previous article, the need for a new model for the impairment of financial instruments arose after the 2008 financial crisis, although it took almost a decade for the standard t... Accounting IFRS Nov 18, 2023
Impact of IFRS 16 on Business Valuation The International Accounting Standards Board (IASB) issued IFRS 16: Leases in 2016. The standard is effective for financial periods beginning on or after 1 January 2019. IFRS 16 replaces the previous ... Accounting IFRS Nov 18, 2023
Accounting for Subsidiary Sales under IFRS 10 Selling a Subsidiary? Understanding IFRS 10 When Disposing of Control Companies don't always hold onto subsidiaries forever. Sometimes, they decide to sell their controlling interest. But how do you a... Accounting IFRS Nov 18, 2023
Understanding Goodwill and Non-Controlling Interests (NCI) in Acquisitions Completing a business acquisition can be a complex process, especially when it comes to financial accounting. Two key factors that impact the financial statements after an acquisition are Goodwill and... Accounting IFRS Nov 18, 2023
Demystifying Goodwill and Purchase Consideration under IFRS 10 Understanding Consolidated Financial Statements The objective of IFRS 10 is to establish principles for the presentation and preparation of consolidated financial statements. These are the financial s... Accounting IFRS Nov 18, 2023