However, for financial periods beginning on or after 1 January 2009, the capitalisation of borrowing costs (interest) incurred on certain qualifying assets became mandatory for companies applying International Financial Reporting Standards (IFRS). Apart from the practical implications of this change, some...
Overall, these results suggest that capitalisation of R&D under IFRS results in the recognition of assets with more uncertain future economic benefits compared to those recognised under the UK GAAP. This study contributes to the literature in a number of ways. First, it is the first study to ...
Examples include property, plant and equipment like manufacturing plants, power generation facilities, intangible assets, investment proprieties and bearer plants. These borrowing costs are capitalised as part of the asset's cost when it is probable that they will result in future...
The IAS/IFRS after the crisis: limiting the impact of fair value accounting on companies' capital The recent financial crisis has demonstrated that fair value accounting can affect not only the relevance of accounting information but also companies' assets integrity. In countries where company laws ...
IFRS pocket guide 2008 Provides a summary of the IFRS recognition and measurement requirements. Including currencies, assets, liabilities, equity, income, expenses, business combinations and interim financial statements. IFRS news Monthly newsletter focusing on the business implications of the IASB's ...
This paper seeks to examine the changes in IFRS and their impact on the New Zealand thin capitalisation provisions. In particular it will examine the changes in the IFRS Standards concerning the measurement and valuation of assets and the effect on the safe harbour provisions. In addition, the...
IFRSCorruptionAccounting choiceFuture performanceInternationalizationM40M41M48International Accounting Standard 38 Intangible Assets mandates that development costs must be capitalized if certain conditions specified in the standard are met. However, this requires managerial judgement and hence may be subject to ...
IFRS pocket guide 2008 Provides a summary of the IFRS recognition and measurement requirements. Including currencies, assets, liabilities, equity, income, expenses, business combinations and interim financial statements. IFRS news Monthly newsletter focusing on the business implications of the IASB's ...
The current EU regulations regarding non-financial reporting apply only to large companies, with more than 500 employees, that are deemed in the public interest and those which are qualified as large undertakings that meet at least two out of the following three criteria: assets above EUR 20 ...