IFRS

A Guide to Complying with ASC 350 Intangibles - Goodwill and Others

A Guide to Complying with ASC 350 Intangibles – Goodwill and Others

Intangible assets drive value and competitive advantage. Accounting for these intangibles requires a comprehensive framework, and that’s where ASC 350 (Intangibles – Goodwill and Other) comes into play.  This article explores the key aspects of ASC 350, providing insights into the accounting and financial reporting requirements for intangible assets. What are Intangible Assets? Under ASC

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Guide to Complying with ASC 360-10 Impairment Testing of Long-Lived Assets

A Guide to Complying with ASC 360-10 Impairment Testing of Long-Lived Assets

Accounting Standards Codification (ASC) 360-10, also known as the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 360-10, provides guidance on impairment testing of long-lived assets. These assets, such as property, plant, and equipment, are critical components of a company’s financial health. Adhering to ASC 360-10 ensures that companies accurately assess and report any

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uma imagem de destaque para um post de blog com o titulo A Guide to Complying with the IAS 16 - Property, Plant and Equipment

A Guide to Complying with the IAS 16 – Property, Plant and Equipment

Accounting for Plant, Property, and Equipment (PP&E) under the IFRS component approach outlines the steps involved in recognizing and measuring individual components, including identification, separate recognition, initial measurement, subsequent measurement, depreciation, impairment, and disclosure requirements.

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A Guide to Complying with the IFRS 13 – Fair Value Measurement

A Guide to Complying with the IFRS 13 – Fair Value Measurement

IFRS 13 provides guidance on fair value measurement and disclosure requirements for financial instruments, intangible assets, and other non-financial assets and liabilities. It aims to improve consistency and comparability in fair value measurements and disclosures across different financial reporting frameworks. Fair value is a widely recognized accounting concept, while IFRS 13 being the framework responsible

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