Non-current assets list
In this post, we will show a series of non-current assets. Paragraph 66 of IAS 1 sets out requirements to identify a current asset. All those assets that do not
Non-current assets list
In this post, we will show a series of non-current assets. Paragraph 66 of IAS 1 sets out requirements to identify a current asset. All those assets that do not
The relevance of depreciable amount in IFRS
The depreciable amount of an asset is the basis on which the expense for depreciation or amortization of property plant and equipment, or any intangibles must be calculated. To calculate
what is the revaluation model in PPE and ias 16
The revaluation model : is a procedure used for the subsequent measurement of a property plant and equipment, or intangible assets. https://www.youtube.com/watch?v=W1v4hjrLQ68&feature=youtu.be Summary revaluation model IAS 16 incorporates two subsequent measurement
Post-employment benefits
Post-employment benefits are all those payments that an entity makes to a worker, after the employment relationship with the company has ended and that are not termination benefits. Within
Short-term employee benefits
Short-term employee benefits are all those payments that an entity makes as consideration for the services provided by a worker, which are not share-based payments and whose generated liability should
Non-current assets held for sale
A non-current asset held for sale is an asset whose intention on the part of a company is to dispose it rather than its use in the production, supply of
Non-current assets list
In this post, we will show a series of non-current assets. Paragraph 66 of IAS 1 sets out requirements to identify a current asset. All those assets that do not have these characteristics will be classified as non-current. Let’s remember
Current assets list IFRS
Below you will find a list of current assets according to IFRS. Remember that paragraph 66 of IAS 1 set out that an entity will classify an asset as current when: It expects to realize the asset in its normal
Associate in ifrs
An associate in ifrs is an entity over which another company exercises significant influence. Significant influence is the power to participate in an associate entity’s financial and operating policy decisions without having control or joint control. An entity may exercise
Exchange assets accounting recognition
Exchange assets : are the exchange of one or more non-monetary assets or a combination of monetary and non-monetary assets. In this article, we will refer to non-monetary assets. The following diagram shows how should be recognized these assets. It
Acquiree definition in ifrs
An acquiree is one or more businesses controlled by an acquirer in a business combination. For example, company A acquires 90% of the interest of entity B. In this case, entity A is known as the acquired company, and entity
Deemed cost in IFRS
The deemed cost, is a substitute cost used in recognition of property plant and equipment, or intangible assets, in the adoption of international financial reporting standards for the first time. https://youtu.be/43Ll8LpJDlw That is, when an entity has its accounting under