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IAS 36 Impairment of Assets: Rules, Testing, Reversal & Disclosure
As per IAS 36, the impairment amount of an asset is ascertained in comparison to the value carried on the entity's…
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IFRS 2 Share-Based Payment: Recognition, Measurement & Disclosure
IFRS 2 establishes international standards for accounting for share-based payments. Applications pertain to transactions in which an entity acquires goods…
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IAS 12: Income Tax Accounting, Deferred Tax & Key Principles
IAS 12 relates to accounting for taxes. It deals with recognising, measuring, and representing deferred taxes in a company's balance…
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IFRS 7: Financial Instruments Disclosure and Risk Reporting
International fame IFRS 7 is published through the InternationalAccountingStandardsboard (IASB), and is universally understood. It specifies the general conditions for the…
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IFRS 1: First-Time Adoption, Exemptions, and Impact Explained
IFRS 1 is an International Financial Reporting Standard used for all companies who are transitioning for the first time from…