by admin | Nov 26, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) have released an article titled “What investors ask about IFRS 17” on 21 November 2017. IFRS 17 Insurance Contracts was introduced to replace the requirements for accounting for insurance contracts in IFRS 4 starting...
by admin | Oct 31, 2017 | Accounting, Tech News
Step 3 Determine transaction price 7.1 The transaction price is the amount of consideration to which an entity expects to receive in exchange for transferring promised goods or services to a customer. It excludes amounts collected on behalf of third parties (e.g....
by admin | Oct 27, 2017 | Accounting, Tech News
The Accounting Standards Council (ASC) has submitted comment letters to the International Accounting Standards Board (IASB) on Request for Information: Post-implementation Review: IFRS 13 Fair Value Measurement. The Post-implementation review is to evaluate the...
by admin | Oct 27, 2017 | Accounting, Tech News
The Accounting Standards Council (ASC) has submitted a comment letter dated 19 October 2017 to the International Accounting Standards Board (IASB) on ED/2017/4 Property, Plant and Equipment — Proceeds before Intended Use (Proposed amendments to IAS 16). The ASC has...
by admin | Oct 17, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) has issued an amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures to aid implementation on 12 October 2017. The amendments to the IFRS 9 Financial instruments, allow...
by admin | Oct 13, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) has issued narrow-scope amendments Prepayment Features with Negative Compensation (Amendments to IFRS 9) and to Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) to aid implementation. The...
