IAS 39 Financial Instruments: Recognition and Measurement
IAS 39 is a standard fully replaced by the new standard on financial instruments IFRS 9 applicable from 1 January 2018. If you would like to know more about this process, please read our article IAS 39 vs. IFRS 9: Clarifying the Confusion. UPDATE 2018:…
IAS 16 Property, Plant and Equipment – summary
Standard IAS 16 prescribes the accounting treatment for property, plant and equipment and therefore it is one of the most important and commonly applied standards. The main issues dealt in IAS 16 are recognition of property, plant and equipment, measurement at and after recognition, impairment…
IAS 1 Presentation of Financial Statements: Summary
IAS 1 Presentation of Financial Statements represents a basis of the whole IFRS reporting, as it sets overall requirements for the presentation of financial statements, guidelines for their structure and minimum requirements for their content. Financial Statements Purpose of the financial statements is to provide information about…
The Conceptual Framework for Financial Reporting
Update 2019: As the new Framework was issued in 2018, there’s a summary of updated Framework with the new video here on this link. The Conceptual Framework for the Financial Reporting (I will call it just “IFRS Framework”) serves as a pillar on which the…
Recent Comments
- Refilwe on Our machines are fully depreciated, but we still use them! What shall we do?
- mekonnen on How to Account for Government Grants (IAS 20)
- Sewa PA System on How to account for intercompany loans under IFRS
- ASHAGRE TILAHUN TAYE on IFRS 17 Example: Initial Measurement of Insurance Contracts
- Silvia on Example: IFRS 10 Disposal of Subsidiary
Categories
- Accounting Policies and Estimates (14)
- Consolidation and Groups (24)
- Current Assets (21)
- Financial Instruments (54)
- Financial Statements (48)
- Foreign Currency (9)
- IFRS Videos (65)
- Insurance (3)
- Most popular (6)
- Non-current Assets (54)
- Other Topics (15)
- Provisions and Other Liabilities (44)
- Revenue Recognition (26)