IFRS_Exam_Dec2019 Question 3 (a) Explain the principles underpinning the TIMING of revenue recognition and the MEASUREMENT of that revenue which are outlined in IFRS 15. You should provide examples of revenue transacti... IFRS Nov 18, 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
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 Part (2)- Measurement In the previous article we looked at the introduction and classification of financial instruments. It is highly recommended that you check out that article first so that you can have grounded knowledg... IFRS Nov 18, 2023
Impairment of Financial Instruments “Story of Financial Crash at 2008” Impairment is a financial concept that is used to make sure that the carrying values of current and noncurrent assets or financial instruments reflect their fair values at any given time. This concept... 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
A Comprehensive Guide to Purchase Consideration in Business Acquisitions under IFRS 3 A Comprehensive Guide to Purchase Consideration in Business Acquisitions under IFRS 3 Understanding purchase consideration is crucial for anyone involved in business acquisitions. This blog post dives... Accounting IFRS Nov 18, 2023