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.
A Guide to Complying with the IAS 16 – Property, Plant and Equipment Read More »
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
A Guide to Complying with the IFRS 13 – Fair Value Measurement Read More »
This article explores the differences between GAAP and IFRS lease accounting standards and their implications for both lessees and lessors.
IFRS vs US GAAP: Leasing Read More »
ASC 360 provides guidance on accounting for property, plant, and equipment. Get the facts on key compliance rules and regulations here.
A Guide to Complying with the ASC 360 Property, Plant and Equipment Read More »
Leases are fundamental for a company and legal entity as they deal with leases. Therefore, get to know IFRS 16 – Leasing and its information.
Although the fair value accounting principles under US GAAP and IFRS are largely conveyed, measuring fair value is a continuous challenge among organizations
IFRS 13 – Fair Value Measurement Read More »
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