Actuarial gains and losses under IAS 19
A defined benefit plan’s actuarial gains or losses will be recognized in other comprehensive income under IAS 19. IAS 19 contemplates four types of employee benefits: Short-term benefits. Long-term benefits.
Actuarial gains and losses under IAS 19
A defined benefit plan’s actuarial gains or losses will be recognized in other comprehensive income under IAS 19. IAS 19 contemplates four types of employee benefits: Short-term benefits. Long-term benefits.
What is the depreciable amount in IFRS
The depreciable amount of an asset is the basis for calculating the expense for depreciation or amortization of property, plant, equipment, or some intangibles. This value is determined by deducting
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 of it rather than its use in the production, supply
Actuarial gains and losses under IAS 19
A defined benefit plan’s actuarial gains or losses will be recognized in other comprehensive income under IAS 19. IAS 19 contemplates four types of employee benefits: Short-term benefits. Long-term benefits. Post-employment benefits. Termination benefits. Actuarial calculations are used in post-employment
Cash and cash equivalent and restricted cash on balance sheet
Cash and cash equivalents are held to meet short-term payment commitments rather than for investment or similar purposes. Two requirements are necessary for an asset to meet the definition of a cash equivalent. On the one hand, it must be
carrying amount of an asset
The carrying amount is different from fair value and value in use. On the one hand, fair value is the price that an entity would receive to sell an asset or pay a company to transfer a liability in an
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