原IAS18 Revenue 被当前的IFRS15 revenue from contracts with customers取代。其核心原则认为组织确认收入...
Angelo needs to classify the investment in Investee in line with IFRS 9 and as equity stakes never meet conditions for amortized cost method, it’s clear that this asset would be at fair value either through profit or loss, or through other comprehensive income (more on that here). Solution...
原IAS18 Revenue 被当前的IFRS15 revenue from contracts with customers取代。其核心原则认为组织确认收入...
If a company disposes of (sells) a long-term asset for an amount different from the amount in the company’s accounting records (the asset’s book value), an adjustment must be made to the amount of net income appearing as the first item on the SCF. ...
The journal entry is (“-“ is credit, “+” is debit): After we transfer these entries to Mommy’s individual statement of financial position, here we go: we have a consolidated statement of financial position of Mommy group at 31 December 20X6: ...
Czech accounting standards require specific posting when a fixed asset is being disposed of or being sold. After selling or posting fixed assets, the posting of disposal ensures that the fixed asset value remains the same as the acquired value after depreciation.The...
Assets disposal incomeCore earningsEarnings managementOperating incomeWe explore a unique regulatory change in 2017 in China that requires firms to move the nonヽurrent assets disposal income in the income statement from below the line of operating income to above it. We find that firms that have ...
In terms of asset utilization, this method requires not only the safety and integrity of state-owned assets guaranteed by administrative institutions, but also the establishment of an asset allocation system, with a view to improving the efficiency of asset utilization. That is to say, the state...
Recognize your remaining investment as a financial asset under IFRS 9 You keep significant influence, just the percentage of ownership is lower.In this case, you have to: Recognize gain or loss on partial disposal; Continue equity method. ...
Asset disposal is the removal of a long-term asset from the company’s accounting records. It is an important concept because capital assets