IAS-29 – Financial Reporting in Hyperinflationary Economies Hyperinflation is indicated if cumulative inflation over three years is 100 per cent or more (among other factors). In such a circumstance, financial […]
All posts by Treesha Jain - 3. page
Professional Tax Consultant and Article Writer
IAS-33 – Earnings Per Share
IAS-33 – Earnings Per Share : It is applicable only to public companies. An entity shall calculate basic earnings per share for profit or loss attributable to ordinary equity holders. […]
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 […]
IAS-23 – Borrowing Costs
IAS-23 – Borrowing Costs : The benchmark treatment is to treat borrowing costs as expenses. The allowed alternative is to capitalise those directly attributable to construction. If capitalised and funds […]
IAS-26 – Accounting and Reporting by Retirement Benefit Plans
IAS-26 – Accounting and Reporting by Retirement Benefit Plans The standard applies to accounting and reporting by retirement benefit plans. It establishes separate standards for reporting by defined benefit plans […]
IAS-24 – Related Party Disclosures
IAS-24 – Related Party Disclosures This standard requires disclosure of related party transactions and outstanding balances in the separate financial statements of a parent, venturer or investor. A party is […]
IAS-27 – Consolidated and Separate Financial Statements
IAS-27 – Consolidated and Separate Financial Statements Consolidated financial statements are the financial statements of a group presented as those of a single economic activity. Consolidated financial statements shall include […]
IAS-28 – Investments in Associates
IAS-28 – Investments in Associates An associate is an entity, including an unincorporated entity such as partnership, over which the investor has significant influence and that is neither a subsidiary […]
IAS-21 – The Effects of Changes in Foreign Exchange Rates
IAS-21 – The Effects of Changes in Foreign Exchange Rates : A foreign currency transaction shall be recorded, on initial recognition in the functional currency, by applying to the foreign […]
IAS-18 – Revenue
IAS-18 – Revenue Revenue should be measured at fair value of consideration received or receivable. Usually this is the inflow of cash. Discounting is needed if the inflow of cash […]