IFRS-3 – Business Combinations The objective of this IFRS is to specify the financial reporting by an entity when it undertakes a business combination. The acquirer is the combining entity […]
All posts by Treesha Jain - 2. page
Professional Tax Consultant and Article Writer
IFRS-4 – Insurance Contracts
IFRS-4 – Insurance Contracts The objective of this IFRS is to specify the financial reporting for insurance contracts by any entity that issues such contracts until the Board completes the […]
IAS-41 – Agriculture
IAS-41 – Agriculture This standard prescribes the accounting treatment, financial statement presentation and disclosures related to agricultural activity. Biological assets should be measured at their fair value less estimated point-of-sale […]
IAS-39 – Financial Instruments: Recognition and Measurement
IAS-39 – Financial Instruments: Recognition and Measurement : Under this standard an entity shall recognize a financial asset or financial liability on the balance sheet when and only when, the […]
IAS-40 – Investment Property
IAS-40 – Investment Property : Investment property shall be recognized as an asset when it is probable that the future economic benefits that are associated with the investment property will […]
IFRS-1 – First–time Adoption of International Financial Reporting Standards
IFRS-1 – First–time Adoption of International Financial Reporting Standards The objective of this IFRS is to ensure that an entity’s first IFRS financial statement and its financial reports for part […]
IAS-38 – Intangible Assets
IAS-38 – Intangible Assets The standard states that: (i) an intangible asset should be recognised, in the financial statements, if, and only if: (a) it is probable that the expected […]
IAS-37 – Provisions, Contingent Liabilities and Contingent Assets
IAS-37 – Provisions, Contingent Liabilities and Contingent Assets The standard set out three specific applications of these general requirements: (a) a provision should not be recognised for future operating losses; […]
IAS-36 – Impairment of Assets
IAS-36 – Impairment of Assets Impairment of assets, deals mainly with accounting for impairment of goodwill, intangible assets and property, plant and equipment. The standard includes requirements for identifying an […]
IAS-31 – Interests in Joint Ventures
IAS-31 – Interests in Joint Ventures A joint venture is a contractual arrangement whereby two or more parties undertake an economic activity that is subject to joint control. These are […]